Pierce County to Receive Funding to Support Three Affordable Housing Projects

Pierce County to Receive Funding to Support Three Affordable Housing Projects
News| February 12, 2026| Jasmine Kilman
Seattle & Northwest + Apartment Buildings

Pierce County will receive more than $2.7 million in state funding through the Connecting Housing to Infrastructure Program (CHIP) to support three affordable housing projects that will expand housing options for residents across the county.

The Washington State Department of Commerce announced $54.5 million in CHIP grants across the state, supporting 70 projects in 22 counties and enabling the creation of 4,517 new affordable housing units. “These projects will strengthen our communities and create long-term stability for residents across Pierce County,” said Pierce County Executive Ryan Mello.

In Pierce County, CHIP funding will support the Addison Grove, Good Neighbor Village and Frederickson South housing projects. The Addison Grove development will create 102 affordable homes, and the Frederickson South project will add 20 to 28 deed-restricted homes. The Good Neighbor Village project, led by Tacoma Rescue Mission, will provide housing beginning with 50 homes in 2027, with plans to grow to 285 homes at full build-out.

Nominate Commercial Real Estate’s Leading Investment Sales and Leasing Brokers — For the ninth year in a row, Connect CRE will spotlight the industry’s top brokers based on the past year’s achievements. Click here to submit your nominations.

Other News

Queens’ Tallest Tower Reaches 90% Leased, Adds First Retail Tenants

New York & Tri-State + Apartment Buildings

BLDG Management Co., Inc announced that The Orchard, Queens’ tallest tower, has surpassed 90% leased across its 824 residences nine months after launching residential leasing. The milestone occurs as the 70-story Long Island City development recently signed its first three retail tenants: K-beauty brand Tokimo, Japanese tea and beverage brand Mollytea and financial technology platform...

Learn more

80-Unit Seniors Housing Development Opens in Suburban Chicago

Chicago & Midwest

Leyden Senior Apartments, a new four-story independent senior living development in Franklin Park, recently opened.  Located at 2506 N. Mannheim Road, Leyden Senior Apartments offers one- and two-bedroom residences. The adjacent newly constructed Carl Fiorito Senior Center will be available to the entire community. Owned by Leyden Apartments LP, Leyden Senior Apartments was designed by...

Learn more

312-Unit Multifamily in Indiana Changes Hands

Chicago & Midwest + Apartment Buildings

Northmarq’s Investment Sales team, led by Bobby Schiavone, Jordan Arand and Adam Klenk, led the sale of The Bend Apartments, a 312-unit garden apartment community located at 1909 Greentree Blvd. in Clarksville, Indiana. Northmarq represented the seller, a regional multifamily developer. The buyer was a private investor. “The Bend generated significant investor demand, further proving...

Learn more
New call-to-action

Brokers

View All

Lenders

View All