Affordable Housing

Creating affordable rental housing opportunities in Snoqualmie is a high priority of the City Council and City Administration. Currently, there is a significant gap in affordable housing available and what many current and potential Snoqualmie residents and employees can comfortably afford.

The City's Comprehensive Plan supports creating diverse neighborhoods that offer a variety of housing and lifestyle choices for all income levels and life stages. A sufficient mix of housing types, sizes, costs, and densities accommodates current and future residents from a wide range of economic levels, age groups, and household make-ups.

Upcoming Development of Affordable Housing in Snoqualmie

A multi-family affordable housing community will be built  on Snoqualmie Ridge in mid to late 2018. The developer is Panorama Apartments LLC, a subsidiary of DevCo, which is an established developer of affordable housing in King County and has completed more than 20 projects across Washington State.

Development Description

  1. Ten two- to four-story "carriage houses" adjusted to the parcel slope; smaller carriage houses will be adjacent to Eagle Point to blend with single-family homes
  2. 191 multi-family apartment homes
  3. 316 parking spaces: 295 open and 21 garage
  4. Leasing office
  5. Indoor recreation center
  6. Outdoor recreation space
  7. Architecture consistent with Snoqualmie Ridge design standards
  8. Landscaping consistent with Snoqualmie Ridge design standards

Location

The apartments will be built on parcel S20 is located north of the Snoqualmie Valley Hospital and adjacent to the Eagle Point neighborhood. It is accessed via Frontier Ave SE off of SE Jacobia Street. There will be a secondary emergency-access only road provided through the hospital grounds.

As part of the conditions of the Snoqualmie Ridge II Mixed Use Final Plan, parcel S20 on Snoqualmie Ridge has been designated for multifamily housing since 2004 and was designated specifically for affordable housing in 2009. The proposed apartments would fulfill all remaining affordable housing requirements for Snoqualmie Ridge II.

Rental Information

The apartments will be rented at below market rates, but are not subsidized housing. Renters would go through a regular leasing application process with the developer. For more information about applying, please contact DevCo at 425-453-9551.

Benefits to the Community

  • Affordable housing will ensure that our city is accessible for families and individuals earning lower than median incomes. 
  • It will allow those employed in Snoqualmie to live in Snoqualmie, reducing their commute time and fuel expense, and encouraging them to be part of the community. 
  • Local employers will be better positioned to retain their employees, which supports their business plans and goals.

The median household income in the U.S. is approximately $55,300 per year.  In Snoqualmie, the median income is more than $131,450 per year. (Data source: U.S. Census Bureau, 2017)

The median home price in the U.S. is approximately $203,000. In Snoqualmie, it is more than $673,000, which is unaffordable to an individual or family earning a median or below median income, as do many employees working in Snoqualmie and those who would like to relocate here. Similarly, rental housing in Snoqualmie is remarkably high compared to many other cities. (Data source: Zillow, October 2017)