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LIHI Buys 58-Unit Seattle MF Property for $17M
The Low Income Housing Institute (LIHI) has acquired Jean Darsie Place at 5228 15th Ave NE in Seattle’s University District. Jean Darsie Place is a newly constructed 58-unit affordable multifamily housing community.
LIHI purchased the building for $17.1 million from Isola Homes with funds from Washington State’s Rights-of-Way Encampment Resolution Program, which is administered by the Department of Commerce. The building contractor is Fairbank Construction Company, and the architect is Skidmore Jannette Architecture.
Jean Darsie Place will provide permanent supportive housing, staffing, and food support. The building is named for the late Jean Darsie, an advocate for homeless people and the environment in Seattle.
“Jean Darsie Place is the seventh newly constructed building intended for the market that LIHI purchased to house formerly homeless people and low-wage workers. We appreciate Isola Homes for the central U District location and for delivering an attractive building,” said Sharon Lee, LIHI Executive Director.
