|Housing Trust Fund
City role: significant
| Two measures: City’s biennial contribution to the Housing Trust Fund; number of units constructed on the Eastside with Housing Trust Fund dollars from Redmond.
. The City of Redmond has contributed $300,000 per biennium to the ARCH Housing Trust Fund each biennium since 2003-04 (except 2007-08). Redmond’s funds are pooled with other Eastside cities’ funds, and then leveraged with state, federal, and private funds to construct affordable homes on the Eastside.
. According to ARCH, as of 2013, there were at least 570 affordable homes in Redmond funded with HTF dollars. Redmond has been contributing toward affordable housing on the Eastside since 1993. In total, Redmond and other Eastside cities have contributed over $39 million to the HTF, resulting in 2,834 new housing units on the Eastside.
Sources: Planning Department, A Regional Coalition for Housing
Updated January 2014
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