Washington State Housing Finance Commission Board Meeting Packet March 2026
$47.85M Bond Hearing for Harbor Pines Affordable Housing
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Description
The Washington State Housing Finance Commission held a public hearing regarding plans to issue not more than $47,850,000 in tax-exempt and/or taxable revenue obligations to Harbor Pines Apartments, LLC for a new 272-unit multifamily housing development in Olympia, WA. The project includes affordability set-asides for disabled persons and large households, with a closing anticipated in May 2026.
Contract Details
Contract Amount
Not to exceed $47,850,000
Vendor
HARBOR PINES APARTMENTS LLC
Agency
Washington State Housing Finance Commission, WA
Contract Type
CONSTRUCTION
Document Date
March 26, 2026
Contract Term
Minimum 40 years regulatory agreement term; anticipated closing May 2026
Renewal Date
2066-05-01
Renewal Info
Minimum 40-year regulatory agreement term; no extensions beyond regulatory term specified.
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