Poolside at Huntington Park Apartments. (Everett Housing Authority)

Poolside at Huntington Park Apartments. (Everett Housing Authority)

Everett Housing Authority buys 381 apartments — its biggest purchase yet

The agency bought Huntington Park Apartments in south Everett for $118 million to help keep them affordable.

EVERETT — The Everett Housing Authority has purchased Huntington Park Apartments for $118 million from New York Life Investments.

The complex at 9009 W. Mall Drive in south Everett has 381 apartments and is within a mile of public transportation, grocery stores and schools. The housing authority bought the property to keep rent prices affordable for people earning as little as half of the area’s median income, said the agency’s executive director, Ashley Lommers-Johnson. It means a single person earning at least $40,500 annually, or a four-person household earning at least $57,850, can afford to live in the complex.

“This property was kind of ripe for a buyer to come in, invest some dollars, upgrade the property and escalate rent significantly,” Lommers-Johnson said. “Since we’re not profit-oriented, we can keep rents at a level where people who can’t afford market rate can have housing.”

Rents at the complex range from $1,300 to $2,000 per month. The apartments were built in 1991 and include one-, two- and three-bedroom units. It also has a fitness center, pool, dog park and clubhouse.

However, the apartments aren’t income restricted. They’re open to anyone who can afford the rent.

According to a news release from the housing authority, the agency plans to replace windows and roofs and repair the parking lot over the next several years.

The housing authority does not expect the change in ownership to affect current residents.

“EHA’s hope is that they will benefit from the transaction, as the acquisition is part of a large-scale affordable housing preservation action,” according to the news release.

The housing authority purchased the nearly 14-acre property on March 11. It is the largest acquisition in the agency’s history.

“One of our goals in our strategic plan is to essentially double the number of housing units we own and control as affordable housing,” Lommers-Johnson said. “This opportunity helped us to get a head start on that by increasing our unit count by almost 25%.”

Katie Hayes: katie.hayes@heraldnet.com; Twitter: @misskatiehayes.

Katie Hayes is a Report for America corps member and writes about issues that affect the working class for The Daily Herald.

Talk to us

More in Local News

News logo for use with stories about Mill Creek in Snohomish County, WA.
Mill Creek house fire leaves 1 dead

The fire was contained to a garage in the 15300 block of 25th Drive SE. A person was found dead inside.

Firefighters respond to a house fire Wednesday morning in the 3400 block of Broadway. (Everett Fire Department)
3 hospitalized in critical condition after Everett house fire

Firefighters rescued two people, one of whom uses a wheelchair, from the burning home in the 3400 block of Broadway.

The Walmart Store on 11400 Highway 99 on March 21, 2023 in in Everett, Washington. The retail giant will close the store on April 21, 2023. (Janice Podsada / The Herald)
Walmart announces Everett store on Highway 99 will close on April 21

The Arkansas-based retail giant said the 20-year-old Walmart location was “underperforming financially.”

Michael Tolley (Northshore School District)
Michael Tolley named new Northshore School District leader

Tolley, interim superintendent since last summer, is expected to inherit the position permanently in July.

Logo for news use, for stories regarding Washington state government — Olympia, the Legislature and state agencies. No caption necessary. 20220331
New forecast show state revenues won’t be quite as robust as expected

Democratic budget writers say they will be cautious but able to fund their priorities. Senate put out a capital budget Monday.

Everett Memorial Stadium and Funko Field on Wednesday, Sept. 2, 2020 in Everett, Washington. (Olivia Vanni / The Herald)
Drive to build new AquaSox ballpark gets $7.4M boost from state

The proposed Senate capital budget contains critical seed money for the city-led project likely to get matched by the House.

Dr. J. Matthew Lacy, Chief Medical Examiner for Snohomish County, answers preliminary questions from the state regarding his qualifications and experience as a medical examiner during the trial of Richard Rotter on Thursday, March 23, 2023, at Snohomish County Superior Court in Everett, Washington. (Ryan Berry / The Herald)
At Rotter trial, debate breaks out over graphic autopsy photos

A judge ruled some close-ups of Everett officer Dan Rocha’s injuries could be used, while others were ruled out.

Alderwood Middle High School Wednesday afternoon on December 8, 2021. (Kevin Clark / The Herald)
Student, 14, accused of attacking Lynnwood middle school teacher

The alleged assault occurred after lunch at Alderwood Middle School, according to the Edmonds School District.

A residential home is demolished at what will be the site of a new Lake Stevens Library on Wednesday, March 22, 2023 in Lake Stevens, Washington. (Sophia Gates / The Herald).
Site clearing begins for new Lake Stevens library

The initial work on Chapel Hill property brings dream of a new library closer to reality.

Most Read