Saint Mark’s invites Expressions of Interest for an opportunity to develop and manage a multi-generational affordable housing community on the site it owns at 1501 10th Avenue East in Seattle (formerly the St. Nicholas School).
Request for Expressions of Interest
Criteria for Selection
Demonstrated experience, capacity and mission alignment to successfully realize the project as envisioned:
- Strength of team to handle the complexities of entitlements and construction demanded by this project.
- Organizational and financial capacity to develop the project on the targeted timeline.
- Success in winning funding awards for 4% LIHTC developments in Seattle.
- History of long-term operation of multi-generational affordable housing communities.
- A demonstrated alignment with the mission, objectives and priorities of Saint Mark's for this community. Learn more about the guiding criteria here.
TIMELINE
- Wednesday, April 24, 2024: Request for Expressions of Interest Released
- Thursday, May 9, 2024: Deadline to submit Expressions of Interest to affordablehousing@saintmarks.org
- Thursday, May 16, 2024: Invitations extended to submit proposals
- Week of June 3, 2024: Interviews
- June 25, 2024: Recommendations from Affordable Housing Committee presented to Saint Mark's Vestry
- June-July 2024: Period of exclusive negotiation
- August 2024: Development Agreement
Contact / Questions
- Expressions of Interest should be emailed by Thursday, May 9, 2024 to affordablehousing@saintmarks.org.
- Please direct any questions to affordablehousing@saintmarks.org.
- This page will be updated as information is available.
BACKGROUND INFORMATION
- Visioning Document - Updated October 2023
- Preliminary Site Plan and Existing Site Plan
- Briefing for City of Seattle Landmarks Preservation Board
- Participation in ILFI Affordable Housing Cohort targeting CORE Green Building certification