The Olympia City Council, on Monday, November 6, passed a resolution approving an interlocal agreement between Lacey, Tumwater, and Thurston County to support a permanent supportive housing project on Franz Anderson Road.
Under the terms of the interlocal agreement, these local governments will pool their funding and transfer this to Olympia, which will oversee the administrative management of the funds and the project that would construct 70 studio and one-bedroom units, with 30 of the residential units to be made accessible to disabled persons.
Under the agreement, Tumwater pledged to provide $275,000; Lacey has agreed to provide $3 million; and Thurston County has identified a $3.5 million on Coronavirus State and Local Fiscal Recovery Funds for the facilitation of the development of permanent supportive housing project.
Earlier, Olympia issued a solicitation of interest to develop the city-owned property on Franz Anderson Road as permanent supportive housing. In June, the city selected the Low Income Housing Institute (LIHI) to develop the property.
The city council approved selling the property for $1 to the LIHI with a specific agreement that the property will be used in perpetuity to provide low-income affordable housing as defined in RCW 36.70A.030(2) and permanent supportive housing as defined in RCW 36.70A.030(19).
Under the restrictive covenant between Olympia and LIHI stated that the residential units to be constructed on the property should be for households with 30% or less of the area median income (AMI).
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