Sept. 6 / Crash-zone housing funds sought

The city of Airway Heights said that it and several Spokane-area nonprofits will seek $31 million from state and federal sources to build affordable housing that would replace apartments and trailer parks near Fairchild Air Force Base. Called the Fairchild Preservation and Community Empowerment Project, the plan calls for building 180 affordable housing units outside of the base's flight path that would replace living units in a 10-block section of the city. The section falls within what's called Accident Potential Zone II, which is identified as an area where an accident is most likely to occur.

Sept. 5 / Humanix opens Las Vegas office

Humanix, the Spokane Valley-based staffing and recruiting firm, said it has opened an office in Las Vegas. President Nancy Nelson said the firm's decision followed a request by one of its customers, Digital Lizard, of Hayden, Idaho, to provide staffing help for an expansion in Nevada. Humanix said it will expand its marketing to seek out additional customers there in need of administrative, financial, and executive-level search services.

Sept. 4 / Red Lion sells Sacramento hotel

Red Lion Hotels Corp., of Spokane, said it has sold its Red Lion Hotel Sacramento at Arden Village for $9 million to a company owned by Kumar Sharma that previously had leased the hotel property, which has 270 guest rooms. As part of the transaction, it said Sharma's subsidiary, Shri Vinayaka Inc., signed a franchise agreement for a 306 guest-room hotel it operates that previously had been independent. That hotel has been renamed Red Lion Woodlake Conference Center Sacramento.

Aug. 31 / Family Home Care sells divisions

Liberty Lake-based Family Home Care said it's selling its house calls practice, Medicare-certified home health, and hospice lines to Gentiva Health Services Inc., an Atlanta-based home-health provider that has operated three offices in the Inland Northwest. Family Home Care, which employed nearly 500 earlier this year, will continue to provide in-home health care services with a staff of about 200 health care professionals. It made some executive office changes, but said its former president, Michael Nowling, still owns the company and will continue to assist in its growth.

Aug. 31 / Bank announces reverse-stock split

Sandpoint-based Intermountain Community Bancorp said it will implement a one-for-10 reverse stock split effective at the close of business on Oct. 5. It said the effect of the reverse stock split will be to increase the per-share market price of Intermountain's common stock to at least $4 a share. Intermountain is the holding company for Panhandle State Bank, which has a division called Intermountain Community Bank Washington that operates branches in Spokane and Spokane Valley.

Aug. 30 / RiverBank co-founder Utt resigns

RiverBank CEO Chuck Brooks said Steve Utt, who was one of the founders of the Spokane-based boutique financial institution, has resigned from his position as its executive vice president and chief credit officer. Utt joined with longtime Spokane banking executive Duane Brandenburg and a couple of others to establish the bank in 2006, but it has struggled financially, fallen under closer regulatory scrutiny, and been forced to restructure its management team over the last two years. Located at 202 E. Spokane Falls Blvd., it has about $130 million in assets and employs about 40 people.

Aug. 29 / Coldwater Creek pares loss

Coldwater Creek Inc., the Sandpoint-based specialty women's apparel and accessories retailer, reported a net loss of $17.6 million, or 14 cents a share, for its fiscal second quarter ended July 28, which was down from a loss of $27.7 million, or 30 cents a share, in the 2011 second quarter. The company's total sales of $163.7 million, down from $181.4 million in the year-earlier quarter, reflected a 6.5 percent decline in comparable premium retail store sales, but also were affected by the closure of 12 stores over the prior 12 months, the company said.

Corrections & Amplifications

Brian L. Pitcher, chancellor at Washington State University Spokane, was misidentified in an opinion page column in the Journal's Aug. 30 issue.