National Equity Fund, Inc. National Equity Fund, Inc.

Extraordinary things happen when you have great partners
Since 1987, National Equity Fund® has invested more than $13 billion revitalizing neighborhoods,
fostering economic growth and creating affordable sustainable housing.

Quincy Family Housing

Quincy Family Housing

Family Housing

Quincy Family Housing is a new 51-unit complex comprised of six one- and two-story buildings in the small rural town of Quincy in central Washington. The 20 two- and 31 three-bedroom townhome-style apartments are affordable to families earning between 30-50 percent of Area Median Income.

While steady growth in the region is fueled by an influx of several large high-tech firms drawn to the area’s inexpensive hydroelectric power and available land, agriculture remains the main industry and employer. The resulting need for affordable farm worker housing is met in part by 38 residences set aside at the Quincy Family Housing targeting this group.

The buildings meet Washington State Evergreen Standards (similar to LEED) and feature 40-year roofs, low-VOC paints/caulking, high-efficiency water heaters, Energy Star appliances and low-volume toilets/fixtures. The large outdoor common areas are dotted with playgrounds and landscaping including drought tolerant plants and trees. A centrally located community building houses offices for management and services, a meeting room, computer room and laundry.

Sponsor, Catholic Charities Housing Services, a faith-based non-profit founded in 1988 offers computer lab training, English classes, financial literacy, home-buyer education, health care, immigration law and workers rights assistance.

National Equity Fund® invested $8.2 million of LIHTC equity in the project.


Project Details

Completed
2013
Location
705 Central Avenue North
Quincy, WA
Project Type
Family/Farmworker
Total Units
51
Mix of Residences
20-2 br, 31-3 br
Limited Partnership
Quincy Family Housing, LLC
Tax Credit Equity
$8.2 million
Total Project Costs
$10.8 million
Sponsor
Catholic Charities Housing Services
Diocese of Yakima
Permanent Lenders
State of Washington Department of Community, Trade & Economic Development
State of Washington Department of Commerce
Catholic Charities Housing Services
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