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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.

Mt. Baker Housing Acquires Intracorp Development Site
Thursday, January 1, 1970


 

Mt. Baker Housing Acquires Intracorp Development Site in Rainier Beach for $5.5 Million

 

Site Near Rainier Beach Light Rail Station Slated for Affordable

Family-Sized Housing; Will Include 230+ Units and Community Center

 

Seattle – June 26, 2020 – Seattle area non-profit affordable housing developer Mt. Baker Housing (www.mtbakerhousing.org) (MBH) today announced its acquisition of a two-parcel development site in Seattle’s Rainier Beach neighborhood for $5.5 million from Intracorp.

 

Located at 4215 S Trenton St and just one block north of the Rainier Beach Light Rail Station, the 1.25+ acre site is slated for affordable housing and will include approximately 230 new apartment homes, targeting low- to middle-income earners and working families earning about 60 percent of Area Median Income (AMI).

 

“It has become increasingly challenging to locate larger sites in close proximity to light rail stations that allow for transit-oriented developments of more than 200 units,” said Mike Rooney, Executive Director at Mt. Baker Housing. “This location in Rainier Beach perfectly fit that bill — and we look forward to building a vibrant and welcoming community that serves both working families and individuals.”

 

Totaling 56,350+ square feet, the site is slated to eventually feature 236 residential housing units, including studios, one-bedrooms, two-bedrooms and three-bedroom homes — with 36 percent of the planned units designated as family-sized.

 

Focused on serving working families and individuals earning up to 60 percent of area median income, Mt. Baker Housing also anticipates working with the Rainier Beach Community to program a large portion of ground floor commercial space to a community group.

 

Dan Chann and Tim Mckay with Colliers represented the seller and Tony Ferrelli with Windermere represented the buyer. The Seattle Office of Housing and the Washington State Housing Finance Commission provided the acquisition financing.

 

In addition to this new project, Mt. Baker Housing is also moving forward on several additional projects: the non-profit plans to break ground on its 203-unit Maddux affordable housing development in the Mt. Baker neighborhood later this year; will begin construction on its 221-unit Via7 mixed-use affordable housing development in Rainier Beach next spring; and will start construction on Grand Street Commons, a 202-unit mixed-use affordable housing development project, in the third quarter 2021.

 

In addition to the Maddux, Via7 and Grand Street Commons, Mt. Baker Housing is also advancing 600 affordable housing units in southeast Seattle and in total, the company plans to bring more than 1,200 affordable units to the Puget Sound market within the next five years.

 

About Mt. Baker Housing Association. Founded in 1988, Mt. Baker Housing Association (MBHA) is a Seattle-based nonprofit low-income housing developer. Its mission is to improve lives and strengthen communities by creating quality, affordable housing and supporting residents in southeast Seattle—including renovating existing properties and pursuing new construction projects. Since its first project, rehabilitation of the nine-building Mt. Baker Village Apartments complex, MBHA has since developed (and now owns and operates) seven low-income and affordable housing properties totaling over 400 units. By furthering its vision that all people, regardless of income, will have secure, affordable places to live—MBHA has improved residents’ lives by providing vibrant, affordable communities that residents are happy to call home. For more information, visit: www.mtbakerhousing.org.

 

 

 

 

 

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