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The City of Seattle
Ordinance
Council Bill
title
An ordinance relating to the Office of Housing; granting a ground lease of real property located at 2929 27th Ave South; authorizing the Director of the Office of Housing to grant a lease of the real property to MBTOD Phase One LLLP, an affiliate of Mercy Housing Northwest and El Centro de la Raza; and authorizing related agreements and actions to support the development of affordable housing and commercial space intended to be used for early learning, childcare center, and associated uses.
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Recitals:
The University of Washington transferred jurisdiction over surplus real property located at 2929 27th Ave South to the Office of Housing with the adoption of Ordinance 126101.
Ordinance 126101 adopted the Office of Housing's Housing Funding Policies that include a commitment to utilizing well-located publicly owned properties for affordable housing and achieving cost savings for affordable housing development through favorable purchase terms.
Pursuant to Resolution 31609, the City Council resolved to pursue use of publicly owned properties for development of affordable housing, including authorizing the transfer of specific City-owned properties for the development of housing.
Mercy Housing Northwest and El Centro de la Raza were the successful respondents to a request for proposals (RFP) for affordable housing and ground floor uses by the University of Washington with the Rainier Valley Early Learning Center.
MBTOD Phase One LLLP's mission is to produce affordable housing for low-income families and individuals and by preserving, developing, and operating safe, quality affordable housing.
The Office of Housing and Mercy Housing Northwest and El Centro de la Raza have negotiated in good faith the terms for a long-term lease of the surplus property at 2929 27th Ave South Seattle, WA 98144 for construction...
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