The Bellevue City Council on Monday approved more than $900,000 in funding to renovate an 84-unit affordable senior housing complex. Downtown Action to Save Housing (DASH), the owner, must meet several conditions to ensure the complex is managed and maintained properly.
To receive the money to fix the Evergreen Court Apartments, an independent and assisted-living complex at 900 124th Ave. N.E., DASH must hire a new property manager and have regular property inspections. The choice of property manager is subject to approval by the council, as is an independent assessment of the property’s operating budget.
Council members were concerned about allocating Housing Trust Fund and federal block-grant money to stabilize the property, which faces the possibility of foreclosure. DASH received $1.28 million in public funding when it acquired Evergreen Court in 2003.
Before submitting its funding request to the council, ARCH (A Regional Coalition for Housing) completed an independent review of DASH’s management of Evergreen Court, as well as the extent of needed repairs.
The ARCH Executive Board ultimately recommended approval of the funding, noting that the affordable senior housing units would likely be lost if the property went into foreclosure. Also, replacing those units would cost considerably more than renovating the existing ones.
Bellevue funds will be used for roofing, deck repairs, replacement of a water heating tank and other building and site improvements.