Low Income Housing Institute Buys 58-Unit Multifamily Community in Seattle for $17.1MM

The Low Income Housing Institute (LIHI) is pleased to announce the acquisition of 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 this building for $17.1 million (about $294,827 per unit) from Isola Homes with funds from the Washington State’s Rights-of-Way (ROW) Encampment Resolution Program, which is administered by the Department of Commerce. Jean Darsie Place will provide permanent supportive housing, 24/7 staffing, and food support for homeless individuals and couples.

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