On October 12th, Compass Housing Alliance’s Compass at Ronald Commons project in Shoreline, WA broke ground and started construction. Ronald Commons is an affordable housing project with an on-site 12,000 square foot Integrated Service Center, including a food bank owned and operated by Hopelink. Slated for completion in late 2016, Ronald Commons will offer services and permanent, affordable housing to sixty formerly homeless and low-income households, including families and veterans. All apartments will be affordable to residents making between 30 percent and 50 percent of area median income.
Beacon is providing development services on the project. Other partners include Ronald United Methodist Church, Walsh Construction Co., SMR Architects, and Third Place Design Co-Operative.
“Compass Housing Alliance is very excited to be developing our first permanent housing facility in Shoreline to meet the need for affordable housing. Ronald Commons will be within a community where residents can access multiple supports on their path to stability as well as the schools, arts, and other amenities that make Shoreline such a wonderful place to live,” said Janet Pope, Compass Housing Alliance Executive Director.
The vision for Ronald Commons began five years ago with the Ronald United Methodist Church. Through a unique partnership between the Church, Compass Housing Alliance and Hopelink, the Ronald Commons project will be built adjacent to the Church, which will also complete a remodel that expands space for community partners and furthers its mission of community outreach.
To finance Ronald Commons, Compass Housing Alliance received a combination of funds and support from the City of Shoreline, King County Housing Finance Program, King County Veterans and Human Services Levy, WA State Housing Trust Fund, WA State Housing Finance Commission, Impact Capital, National Equity Fund, Bank of America, Home Depot Foundation, LISC/Met Life, McEachern Charitable Trust, WA State Department of Commerce, and the Sambataro Family Foundation.
Beacon is proud to be affiliated with Compass Housing Alliance and this exciting project!