January 2, 2018

Celebrating the Financial Closing of North 96th Supportive Housing

North 96th Supportive Housing

Downtown Emergency Service Center (DESC) recently closed the financing for North 96th Supportive Housing in Seattle's Greenwood neighborhood. The development will use the Housing First service model and will provide 100 affordable homes designated for the most disabled and vulnerable homeless members of the community. DESC will provide day-to-day resident support through case management and individualized service plans. 

Financing

Bank of America Merrill Lynch is providing $13.3 million of construction financing. Permanent financing includes $8.2 million from the City of Seattle, $1.5 million from the Washington Housing Trust Fund and $1.5 million from the King County Housing Trust Fund. Enterprise is thrilled to provide $15.8 million of equity towards the development of this significant development.