Link StudiosApartments features 60 studios within an eco-friendly singlewood-framed structure.
SEATTLE—Local job growth is nearly twice that of the US growth rate as awhole and–as a result – Seattle and broader King County continue beone of the most expensive US housing markets. Although holding aposition as one of the hottest housing markets in the country hasits benefits, it also translates to an extremely unforgiving rentalmarket for middle- and low-income individuals and families, saysConor Hansen, director of real estate at Mt. Baker Housing.
However, the recent purchase of a three-story multifamilyresidential building, Link Studios Apartments, represents Mt. BakerHousing's first new construction and a rare open-market acquisitionby a nonprofit developer for affordable housing. The affordably priced building will rent totenants between 40% to 60% of area median income/AMI.
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Lisa Brown
Lisa Brown is an editor for the south and west regions of GlobeSt.com. She has 25-plus years of real estate experience, with a regional PR role at Grubb & Ellis and a national communications position at MMI. Brown also spent 10 years as executive director at NAIOP San Francisco Bay Area chapter, where she led the organization to achieving its first national award honors and recognition on Capitol Hill. She has written extensively on commercial real estate topics and edited numerous pieces on the subject.
