SEATTLE CITY COUNCIL - Record No: CB 121238

• Record No: CB 121238
• Version: 1
• Council Bill No: CB 121238
• Type: Council Bill (CB)
• Status: Full Council Agenda Ready
• Current Controlling Legislative Body: Housing, Arts, and Civil Rights Committee
• On agenda: 6/30/2026
• Title: An ordinance relating to the Office of Housing; authorizing the acquisition of two parcels in the Central Area for the purpose of developing affordable homeownership units; placing the property under the jurisdiction of the Office of Housing; authorizing the Director of the Office of Housing or the Director's designee to issue a request for proposals and to select a developer and thereafter to execute and deliver a contract for transfer of land, deed, and related documents; and ratifying and confirming certain prior acts.
• Sponsors: Dionne Foster
• Supporting documents: 1. Summary and Fiscal Note, 2. Presentation

Date	Ver.	Action By	Action	Result
6/24/2026	1	Housing, Arts, and Civil Rights Committee	pass	Pass
6/23/2026	1	City Council	referred
5/29/2026	1	Council President's Office	sent for review
5/27/2026	1	City Clerk	sent for review
5/27/2026	1	Mayor	Mayor's leg transmitted to Council

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The City of Seattle
Ordinance
Council Bill
title
An ordinance relating to the Office of Housing; authorizing the acquisition of two parcels in the Central Area for the purpose of developing affordable homeownership units; placing the property under the jurisdiction of the Office of Housing; authorizing the Director of the Office of Housing or the Director's designee to issue a request for proposals and to select a developer and thereafter to execute and deliver a contract for transfer of land, deed, and related documents; and ratifying and confirming certain prior acts.
body
Recitals:
In 1999, the Seattle Office of Housing (OH) provided a loan of $745,335 to the Central Area Development Association (Borrower) to facilitate the Borrower's acquisition and rehabilitation of the Harvey Apartments, a 20-unit 1909-era apartment building located at 2615 East Cherry Street in Seattle's Central Area.
The 1999 loan was secured by a deed of trust, assignment of rents, security agreement, and fixture filing recorded under Recording No. 9902264602 of King County, Washington.
The loan documents associated with the 1999 loan included a regulatory agreement, recorded under Recording No. 9902264600 of King County, Washington, which among other obligations required that the Borrower continuously maintain 18 City-funded units for low-income rental housing through the year 2039.
The Borrower owned and operated the Harvey Apartments until 2024 when the Borrower and OH jointly agreed that the building's physical condition had deteriorated to the point of no longer being habitable.
The Harvey Apartments has remained vacant since July 2025, when all remaining occupants were relocated to other OH-financed affordable rental housing, and at which point the Borrower could no longer meet its obligations to maintain City-funded units under the terms of the regulatory agreement.
The Bo...