2011 AHP Awards

    The Seattle Bank awarded $2.3 million of Affordable Housing Program (AHP) subsidy for the 2011 funding round. The bank received 28 applications requesting a total of $6.9 million of AHP funding and approved nine applications. In addition, the bank approved four alternate applications, which may be funded if sufficient subsidy becomes available.

    2011 AHP Funded and Alternate Projects
    Montana

    Cascade Ridge Senior Living
    Great Falls – First Interstate Bank was awarded $347,100, which Benefis Health System/Mountain Plain Equity Group, Inc. will use to assist in the construction of a two-story, 40-unit apartment complex for low-income seniors. More than half of the units will be set aside for residents at or below 50 percent of area median income. The project is located within walking distance of medical services and a shopping center, and the sponsor will provide a variety of services, including health and wellness programs and nutritional counseling.

    Oregon

    Coquille IHA Roof Rehabilitation Project
    Coos Bay – Sterling Savings Bank was awarded $199,834, which Coquille Indian Housing Authority will use to replace the roofs of 54 duplex and four-plex rental units. The current roofs are approximately three years beyond their useful lives. The units are currently occupied by residents with incomes ranging from 30 to 80 percent of area median income; 41 of the units are occupied by residents with special needs.

    St. Joseph Shelter Rehabilitation
    Mt. Angel – Sterling Savings Bank was awarded $99,990, which St. Joseph Shelter will use to assist in the rehabilitation of a two–story, dormitory-style building currently serving individual migrant farmworkers. The rehabilitation will provide space in the shelter for homeless families with incomes at or below 50 percent of area median income. The shelter will provide onsite case management and health screenings to residents.

    VetLIFT IV
    Eugene – Umpqua Bank was awarded $132,000, which St. Vincent de Paul Society of Lane County will use to acquire and rehabilitate an apartment complex to provide 19 units of permanent and transitional housing. The project will serve disabled and homeless female veterans with incomes at or below 50 percent of area median income. The project will also provide residents with group therapy, case management, and trauma counseling.

    Washington

    Almost Home
    Yakima – Yakima Federal Savings and Loan Association and Central Valley Bank were awarded $480,000, which YWCA of Yakima will use to rehabilitate a portion of an existing building. The project will provide housing for 16 homeless families, who are victims of domestic violence and have incomes at or below 50 percent of area median income. The project will include an onsite resource center where residents can access services focused on financial empowerment, parenting skills, and job training, as well as programs for children and youth.

    KHA Homeless Transitional Housing Project
    Richland – Banner Bank was awarded $150,000, which Kennewick Housing Authority will use to rehabilitate a fire-damaged duplex. The rehabilitation will create two, three-bedroom apartments that will provide transitional housing for families or individuals who are homeless, victims of domestic violence, or recovering from alcohol or substance abuse. Residents will have incomes at or below 50 percent of area median income. The project will provide employment and job skills training, counseling, and legal advocacy.

    Parkside Place
    Wenatchee – Banner Bank was awarded $600,000, which Women’s Resource Center of NCW will use to create 16 apartments in an existing building to serve homeless households affected by a mental health diagnosis. The units will provide permanent supportive housing for residents with incomes at or below 30 percent of area median income. The project will also provide community space where residents can access a range of social services, including career counseling and basic life skills.

    Stratford Apartments Rehabilitation
    Longview – Twin City Bank was awarded $175,000, which the Housing Authority of Longview will use to create 20 studio apartments in an existing building for low-income, homeless veterans. The majority of the units will serve residents with incomes at or below 50 percent of area median income; 16 of the units will be set aside for veterans with special needs. Services such as health care, job training, and case management will also be provided.

    Wyoming

    5-2-5 Hall
    Teton – First Interstate Bank was awarded $156,000, which the Housing Authority of Teton County, in partnership with Habitat for Humanity of Greater Teton Area, will use to construct 12 owner-occupied townhomes. Homeowners of five of the 12 units will have incomes at or below 60 percent of area median income, with the remainder of the units restricted to families at or below 80 percent of area median income. Homebuyer education classes will be provided to all homeowners.

    AHP Alternate Projects

    Silver Creek
    Post Falls, Idaho – Zions First National Bank was approved for an alternate award of $382,783, which Community Development, Inc. would use to construct 42 rental apartments for elderly residents, the majority of whom would have incomes at or below 50 percent of area median income. The project would also include over 6,000 square feet of community space where residents would be able to access adult education and employment classes.

    Sherwood Forest Senior Community
    Sherwood, Oregon – Capital Pacific Bank was approved for an alternate award of $404,371, which Accessible Living, Inc. would use to develop 30 units of rental housing for residents with incomes at or below 50 percent of area median income. Six of the units would be set aside for the elderly and six for homeless individuals or families. Resident services such as medical care, volunteer placement, and job opportunity classes would also be provided.

    Broadwing Apartments
    Liberty Lake, Washington – Mountain West Bank was approved for an alternate award of $390,000, which Spokane Housing Ventures and Whitewater Creek, Inc. would use to construct 51 units of rental housing, the majority of which would serve families at or below 50 percent area median income. Twenty percent of the units would be set aside for homeless individuals and households with special needs.

    HomeChoice Down Payment Assistance
    Seattle, Washington – Sterling Savings Bank was approved for an alternate award of $380,000, which the Washington State Housing Finance Commission would use to assist 51 first-time homeowners with downpayment costs. All of the homebuyers would be households with special needs, and 20 percent of the units would be restricted to buyers with incomes at or below 60 percent of area median income. Participants would be required to complete a five-hour homebuyer education seminar and a one-on-one counseling session with a professional housing counselor.