2005 Section 108 Project Summary - Washington

Public Facilities

Greenbridge Community Redevelopment
BORROWER: KING COUNTY
STATE: WA
SECTION 108 LOAN GUARANTEE AMOUNT: $6,850,000

King County will use the Section 108 Guaranteed Loan in conjunction with state funds, Federal Homeland Bank funds, and Community Development Block Grants to finance the removal of all of the existing housing structures in the Park Lake public housing complex, replacement of most of the infrastructure, and construction of approximately 1,025 units of housing and related community facilities. The new complex will be built using environmentally friendly, or �green,� construction practices.

The project is in the Greenbridge unincorporated area of the County. The King County Housing Authority (KCHA) will be the land developer for the entire project as well as the general partner for 653 multi-family housing units including 372 single-family lots to be sold to homebuilders. The KCHA will also relocate the White Center Food Bank to a new facility at the White Center Public Health Clinic as part of the project allowing it to continue to serve the new development in Greenbridge as well as the surrounding low-income neighborhood of White Center.

The use of the Section 108 Guaranteed Loan for the public site improvements and construction of the White Center Public Health Clinic will benefit all residents of Greenbridge as well as the surrounding area, whose residents are 88 % low- to moderate-income persons.