HASCO Purchases Tall Firs Apartments in Mountlake Terrace

On June 18, 2015, HASCO closed on the purchase of the 40-unit Tall Firs Apartments [hyperlink to: http://www.hasco.org/properties/senior_disabled_properties/tall_firs] in Mountlake Terrace, which was built in 1977 and provides housing to very-low income seniors 62 and older.  The units are assisted with Section 8 Project-Based Vouchers, allowing the tenants to pay 30% of their income toward rent, with the remainder paid by the voucher.  The project financing includes public funding from the Washington State Housing Trust Fund ($2,600,000) and Snohomish County Affordable Housing Trust Fund ($1,500,000), as well as bonds issued by the Washington State Housing Finance Commission.  HASCO will soon begin renovations to the property including new siding and interior improvements, which will extend the life of the building and decrease its electricity and water usage.