News & Events

Captain Patrick Butschli / King County Sheriff’s Office

Mt. Baker’s willingness to partner with law enforcement to ensure that residents have safe and secure housing has been a critical component of this successful rehabilitation.

Loan package helps housing group buy properties and hold down costs
Thursday, March 29, 2012

Mount Baker Housing Association has used an unusual loan deal to buy three 1960s apartment buildings in southeast Seattle to upgrade and preserve them. The $7.4 million interest-only loan package was provided by Rainier Valley Community Development Fund. It covers the entire cost of buying the buildings and is structured so the association pays the deferred interest at the end of a four-year term.

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