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Seattle & Northwest  + Seattle  + Apartments  |  March 13, 2026
Jasmine Kilman
By: Jasmine Kilman

LIHI Tops Out on $50M Housing Project in Seattle

The Low Income Housing Institute (LIHI) announced that its seven-story project, 125th Senior Housing, has topped out at 12245 Aurora Ave. N. in North Seattle.

The 89-unit building spans 67,345 square feet, and the site is 16,674 square feet. LIHI received a HUD 202 Senior Housing award for the property, which includes $3.3 million for construction and operating subsidies for 89 units.

The City of Seattle is contributing $9.9 million, and the State Housing Trust Fund is contributing $5 million for construction. This project was awarded an allocation of 9% tax credits from the Washington State Housing Finance Commission. Additional funding awards include $3 million from HUD sponsored by Senator Patty Murray, and $3 million from the Federal Home Loan Bank of Des Moines.

KeyBank is providing construction financing and equity through the Low-Income Housing Tax Credit program. The architect is Runberg Architecture Group, and the contractor is Marpac Construction.

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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.
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