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Everett Housing Authority Picks Up 381 Units, Boosts Inventory

In business since 1942, the Everett (Wash.) Housing Authority has set a new record sale price when it recently purchased Huntington Park, a 381-unit property near Everett Mall.

Priced around $118 million, this acquisition pushes EHA’s overall portfolio to around 1,940 units – a 25 percent increase, with just one purchase.

The expansion is in line with EHA’s stated goals via its Five-Year Plan on its website, including:

The 5-Year Plan describes the agency’s long-term goals and objectives, and the Annual Plan details activities and policies that will address the housing needs of currently assisted families and the larger community over the next fiscal year.  In keeping with the scope of the applicable HUD regulation, both Plans are generally limited to the Voucher and Public Housing programs; however, this is not a requirement, and either the 5-Year or Annual Plan may contain information about other housing programs.

EHA Executive Director Ashley F. Lommers-Johnson told the Puget Sound Business Journal that this move for Huntington Park is largely to keep the project from going private. Huntington Park rents at market-rate, but on the lower end of that scale. 


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