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Real Briefings

BEL-CED-2024-10-07 October 07, 2024 Planning Committee City of Bellingham 11 min
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The afternoon of October 7, 2024, brought together an unusual collection of advocates, developers, and city officials in the second-floor chambers of Bellingham City Hall. What unfolded was not just another routine committee meeting, but a comprehensive showcase of the region's most ambitious affordable housing agenda — a pipeline of projects representing hundreds of future homes for families, seniors, and working people who have been squeezed out by rising costs.

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**Housing Levy Timeline:** The current housing levy expires in 2028, requiring Council consideration of renewal options in coming months. **Tax Credit Applications:** Mercy Housing will submit their 9% LIHTC application for 900 West Holly this winter, while the Housing Authority will apply for 4% credits and bonds for Unity Street in winter 2024. **County Coordination:** Formal prioritization process through Whatcom County's Housing Advisory Committee will determine which project receives the next 9% …

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# Affordable Housing Pipeline: Bellingham's Blueprint for the Future The afternoon of October 7, 2024, brought together an unusual collection of advocates, developers, and city officials in the second-floor chambers of Bellingham City Hall. What unfolded was not just another routine committee meeting, but a comprehensive showcase of the region's most ambitious affordable housing agenda — a pipeline of projects representing hundreds of future homes for families, seniors, and working people who have been squeezed out by rising costs. Council President Dan Hammill called the Community and Economic Development Committee to order at 1:06 PM, with committee chair Jace Cotton presiding over what would become both a celebration of recent successes and a strategic planning session for the years ahead. The single agenda item — "Low-to-Moderate Income Affordable Housing Production Pipeline" — was deceptively simple for what would be revealed as a complex web of funding mechanisms, community partnerships, and development challenges that define affordable housing production in America today. Committee members Hannah Stone and Hollie Huthman joined Cotton as Community and Economic Development Manager Tara Sundin introduced an impressive roster of nonprofit housing developers who had gathered to present their projects. This wasn't the usual staff presentation where council members would hear about city initiatives. Instead, the real experts — the people who navigate the labyrinthine world of tax credits, federal programs, and community partnerships — would speak for themselves. ## The Foundation: Understanding the Crisis and the Response Before diving into specific projects, Sundin provided crucial context about how Bellingham approaches affordable housing. "As you know, the city does address housing affordability in a number of different ways," she explained. "Today's presentation, though, is just focused on the production of new housing that is affordable to low income and sometimes moderate income households." This distinction was important. While the city pursues various strategies to address housing costs — from zoning reforms to tenant protections — this pipeline specifically represented projects where the city invests direct financial support to create permanently affordable units. Sundin's next point revealed both the success and the challenge ahead: "I know some of you have asked about the pipeline. And that, you know, making sure that we have a lot in th…
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### Meeting Overview The City of Bellingham's Community and Economic Development Committee met on October 7, 2024, chaired by Council Member Jace Cotton, to receive an informational presentation on the current affordable housing development pipeline. City staff and partner nonprofit developers presented 14 housing projects in various stages of development, totaling hundreds of units across Whatcom County. ### Key Terms and Concepts **4% Tax Credit:** A federal low-income housing tax credit program that generates less equity than 9% credits but is coupled with tax-exempt bonds. Typically used for workforce housing with permanent debt. **9% Tax Credit:** A federal low-income housing tax credit program that generates more equity funding for affordable housing projects. Highly competitive and prioritized for deeply affordable housing. **AMI (Area Median Income):** A measurement used to determine housing affordability levels, with percentages like 30%, 50%, 60%, and 80% AMI determining who qualifies for affordable housing units. **Housing Levy:** A voter-approved property tax in Bellingham that provides local funding to leverage federal and state affordable housing resources. **Soft Financing:** Low-interest, deferred, or forgivable loans from public agencies that supplement private financing for affordable housing projects. **Tax Credit Allocation:** The competitive federal process where states distribute limited low-income housing tax credits to affordable housing projects. **WSHFC:** Washington State Housing Finance Commission, which administers the tax credit program in Washington and coordinates county-level housing development pipelines. ### Key People at This Meeting | Name | Role / Affiliation | |---|---| | Jace Cotton | Committee Chair, City Council | | Tara Sundin | Community & Economic Development Manager | | Adrienne Wyld | Housing Development Manager, Opportunity Council | | Andrew Calkins | Executive Director, Bellingham & Whatcom Housing Authority | | Rose Lathrop | Executive Director, Kulshan Community …
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