The Low Income Housing Institute (LIHI) will soon break ground on Martin Way Phase 2, a 64-unit supportive housing apartment building located at 111 Pattison Street NE in Olympia, Washington.

The 48,513-square-foot property will feature a mix of 40 studios and 24 one-bedroom units. The architect is Encore Architects, and the contractor is Deacon Construction. Construction of Phase 2 is expected to be completed in September 2024. “These types of projects are exactly what we had hoped for when our community passed the Home Fund Levy,” said Olympia Mayor Cheryl Selby.

Financing for Phase 2 includes Raymond James, as a tax credit equity investor, and JP Morgan Chase, as an investor and construction lender. Other funders include the State Housing Trust Fund, Thurston County, City of Olympia, Housing Authority of Thurston County, Federal Home Loan Bank of Des Moines, The Home Depot Foundation, Banner Bank, and Washington State Housing Finance Commission.