We’re excited to announce the financial closing of our Chateau Rainier project in partnership with Housing Pierce County!
This acquisition and rehabilitation project with Pierce County encompasses 248 affordable housing units with 1, 2, and 3 bedrooms and is the largest affordable housing project in the City of Fife, Washington.
According to Pierce County, “There is only one other affordable rental property in the city limits with a deed restriction for low-income households (according to our records). Fife’s number of affordable rental units will go from 49 to 297 with this project.”
Chateau Rainier is a 4% LIHTC deal with tax exempt bonds and a total development cost of $134M.
Our partners on this project include Hudson Housing Capital LLC, Citi, Ink Built, and BELFOR Property Restoration, with public funding provided by Pierce County.























