Kulshan Community Land Trust has been awarded $2.25 million from the Washington State Department of Commerce’s Housing Trust Fund for an 18-home affordable homeownership development in the Birchwood neighborhood.
The grant, announced in a Tuesday, Feb. 13 news release, comes out to $125,000 per home. The development, named LaFreniere Court, will break ground this year.
“We have been waiting on this piece to move the project forward, and it’s so exciting to have this funding lined up,” said Dean Fearing, executive director of the Kulshan Community Land Trust. “It will allow KulshanCLT to help 18 more families realize the dream of owning a home.”
The Housing Trust Fund awarded $38.5 million in funds for affordable homeownership across the state this year — the largest-ever investment by this program.
Mike Fong, director of the Washington State Department of Commerce’s Housing Trust Fund, said the impact of the program is clear.
“For every new homeowner, at least one rental unit is made available for a new household,” Fong said.
A previous version of this story misspelled LaFreniere Court. The story was updated to reflect this change on Feb. 14, 2024 at 1:40 p.m. Cascadia Daily News regrets the error.
