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City of Vancouver receives 16 applications for Affordable Housing Fund projects

A total of $6.04 million is available for the current funding period

VANCOUVER — The city of Vancouver’s voter-approved Affordable Housing Fund has received 16 applications requesting funding for projects that support construction, acquisition and rehabilitation of multifamily housing for low-income residents and people experiencing homelessness.

The Affordable Housing Fund, approved by voters in Nov. 2016, is now in its second year. In 2017, $5.61 million was granted for affordable housing and rehabilitation projects resulting in an estimated 237 new rental units and the rehabilitation of 20 existing units.

“We’re excited to see double the number of applications for affordable housing fund projects this year,” said Peggy Sheehan, city of Vancouver community & economic development programs manager. “We also received applications from for-profit developers for the first time this year.”

A total of $6.04 million is available for the current funding period. In January 2019, the Vancouver City Council will determine which projects will receive Affordable Housing fund dollars.

For more information about Vancouver’s Affordable Housing Fund and to view a complete list of the project proposals received, visit www.cityofvancouver.us/AffordableHousingFund.

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