Bickford Avenue affordable housing
development project dies
SNOHOMISH — Affordable housing agency Housing Hope’s plans to build approximately 40 units of affordable housing
at 2501 Bickford Ave. fell through last month.
The nonprofit had intended to let would-be homeowners contribute sweat equity toward purchasing the units.
The effort derailed because the lot did not meet the USDA Rural Development program criteria for the loans the nonprofit relies on to fund its “Team HomeBuilding” program.
“It’s been challenging to find reasonably priced land on which to build. We are always on the lookout, so readers with tips would be very welcomed,” said Housing Hope spokeswoman Sara Wilson in an email.
Wilson said the nonprofit currently has no new prospects in Snohomish or nearby areas.
The 3.2-acre Bickford Avenue parcel is adjacent to the Snohomish Station shopping center. It was listed last April at $1.95 million. The lot was also rezoned from commercial to high-density residential in 2016 and can accommodate
43 townhomes according to commercial listings.
Elsewhere, Housing Hope has already begun construction
on 10 units in Sultan and plans to roll out a sweat equity home rehab program for some of its original 25-year-old homes soon, Wilson said.
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