SEATTLE-The US Department of Housing and Urban Development late last week committed to providing the City of Seattle $12 million in grant and loan guarantee assistance for the redevelopment of contaminated, underutilized properties. The award includes a $2-million grant from the Brownfields Economic Development Initiative and $10 million in Section 108 loan funds.The funding was part of $24.6 million in grants and about $119 million in loan guarantee assistance announced by HUD Secretary Alphonso Jackson. The overall funding is expected to stimulate nearly 7,000 jobs.

Since 2002, the City of Seattle’s Office of Economic Development has administered about $13 million in brownfields funds with previous BEDI and Section 108 loan funds. The money was used to assist in five redevelopment projects in the Pioneer Square neighborhood. The projects involved the Cadillac Hotel; 211 First Avenue South; Buttnick Building; City Loan Building, and 210 Alaskan Way South.The new round of funds will be used to clean and redevelop brownfields in Southeast Seattle, the Central Area and the International District. The goal of the HUD programs is to return the sites to productive uses that will increase job opportunities for the city’s low- and moderate-income residents, according to HUD regional director John Meyers. The city’s Office of Economic Development will administer the grant funds.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?


© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.



Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join now!

  • Free unlimited access to's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including and

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.