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King County Housing Authority Completes $125M Revamp of Kirkland MF

The King County Housing Authority (KCHA) recently celebrated the grand opening of Kirkland Heights, a newly redeveloped affordable housing community that preserves long-standing affordability while expanding housing options for families in Kirkland.

The grand opening marks the completion of a multi-year transformation of the 13-acre site into a modern, garden-style community with 276 affordable rental homes across 27 buildings, along with upgraded infrastructure and new amenities.

In 2019, KCHA acquired the property to ensure long-term affordability and protect residents from displacement. Beginning in 2022, KCHA undertook a full redevelopment. KCHA rehabilitated the 180 existing units and added 96 new units by adding a third floor to several 8-plexes and constructing two new 24-plexes.

The project is funded through 4% Low-Income Housing Tax Credits, Renewable Energy Tax Credits, tax-exempt bonds, and investments from King County, A Regional Coalition for Housing, and KCHA, totaling $125 million in construction investment over three years. The City of Kirkland provided a waiver of impact fees.

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About Jasmine Kilman

Jasmine Kilman is Content Director of Connect Commercial Real Estate, covering Chicago and greater Chicagoland, the Midwest, Seattle, and the Pacific Northwest. She covers industry trends, transaction deals, market research, and produces daily news stories. With experience in marketing and communications for academic nonprofits and corporate clients, including Hearst Media, Hilton, and Coldwell Banker, Kilman has written about commercial real estate, environmental, social, and corporate governance (ESG), technology, healthcare, and philanthropy. She was born and raised in California and graduated with a degree in public relations. In her spare time, Kilman enjoys hiking and traveling to new locations with her family.