Northwest Regional Facilitators, a Spokane nonprofit organization, plans to begin building its third adjacent affordable housing apartment complex in the Spokane Valley next month.


The planned 25-unit complex, which is to be called Hidden Pines, will be built on an about 1.5-acre parcel north of Sixth Avenue and east of Farr Road, says Helen Stevenson, administrator of Northwest Regional Facilitators.


Two other apartment complexesVillage Apartments and Woodruff Heightsalready have been developed by Northwest Regional Facilitators on adjoining sites there, Stevenson says.


The Hidden Pines complex, which will be built just north of Woodruff Heights, is expected to cost about $2.6 million to develop, she says.


Northwest Regional Facilitators is developing the latest project for Spokane Housing Ventures, a nonprofit entity it set up several years ago to acquire and develop housing for low-income and disabled residents.


Spokane Housing Ventures is the general partner in three separate limited partnerships that have been formed to own the Valley apartment complexes, Stevenson says.


Like the first two apartment complexes, the new project is expected to be developed in part with the aid of tax-credit financing obtained through the Washington state Housing Finance Commission, Stevenson says.


Northwest Regional Facilitators has requested $150,000 in annual tax credits for 10 years for the Hidden Pines project, and it expects to sell those tax credits for $1.2 million, Stevenson says. That capital then would be used to pay for a portion of the project.


The rest of the financing will come from a loan from Spokane County, a loan from the state, and a first-mortgage and construction loan from Wells Fargo Community Lending, she says.


The Hidden Pines project, which was designed by Integrus Architecture PS, of Spokane, is expected to have 11 two-bedroom units, two three-bedroom units, and 12 four-bedroom units, she says.


Stevenson says that five units will be set aside for disabled residents and another five units will be set aside for families of four or more people.


The units there will rent for between $350 and $450 a month, she says.


A general contractor should be selected soon for the project, which is expected to be completed by mid-summer next year, Stevenson says.


Village Apartments, which has 36 units, currently is receiving $277,000 annually in tax credits and Woodruff Heights, which has 25 units, currently is receiving another $150,000 annually in tax credits, Stevenson says.


She says the Village Apartments complex, which was completed in June, is fully occupied, while the Woodruff Heights complex, which was completed in August, has seven units still available.