Seattle, WA — Seattle Chinatown International District Preservation and Development Authority (SCIDpda) received $3 million from the Amazon Housing Equity Fund for the first phase of its North Lot development project.
“The funding from the Amazon Housing Equity Fund helped us close the gap on a complex project. SCIDpda is grateful to have this support on a crucial community development project in our area,” said SCIDpda Co-Executive Director, Jamie Lee.
SCIDpda is one of 10 organizations awarded from a total fund of $150 million by the Amazon Housing Equity Fund to build and preserve units of affordable housing in the Seattle area. The funding was announced on Monday, December 12 at a press conference held by the Amazon Equity Fund and the City of Seattle at the Pacific Tower.
“We’re thrilled to support SCIDPDA’s work on this project and to help them provide new, affordable homes that are so centrally located in the Beacon Hill neighborhood, with access to schools, transit, and more,” said Catherine Buell, director of Amazon’s Housing Equity Fund. “This project also holds special meaning for us as it’s adjacent to Amazon’s former headquarters – it’s an ideal use for this site.”
The first phase of the North Lot project includes a seven-story multifamily apartment building with 160 rent-restricted affordable apartments units; a 10,000 square foot childcare center; and a 25,000 square foot dedicated for community benefit on the 3-acre northern lot of the Pacific Tower campus. Financing for the first phase closed on October 21, 2022, and construction broke ground on October 31, 2022 and is projected to finish in August 2024.
About SCIDpda Seattle Chinatown International District Preservation and Development Authority (SCIDpda) is a community development organization whose mission is to preserve, promote, and develop the Seattle Chinatown International District (CID) as a vibrant community and unique ethnic neighborhood. Formed by the community in 1975, SCIDpda works to revitalize and preserve the neighborhood by providing services in three primary areas: affordable housing and commercial property management, community economic development and community engagement, and real estate development. SCIDpda has 45-plus years of experience in increasing neighborhood sustainability through innovative programs and projects that balance development and preservation. scidpda.org