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Local News - Local News - November 26, 2009
Clare House looks to receive $9.5 million from state bond
Funding for 120-unit apartments to include low-income tax credits

By Jeanne Gustafson
Of the Journal of Business

The Washington state Housing Finan-ce Commission has agreed to issue $9.5 million in tax-exempt revenue bonds for a multifamily affordable housing project at the Clare House retirement complex on Spokane's South Hill.

Whitewater Creek Inc., of Hayden, Idaho, and the nonprofit Spokane Hous-ing Ventures are working together on a $27 million deal to buy the struggling retirement complex, located at 4827 S. Palouse Highway, and to develop 180 additional units of rental housing there fo...


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