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$4,503,600 as of 10/01/2016
Galbraith Gardens, located in an historic neighborhood of Walla Walla, provides affordable housing for seniors. This development was made possible, in part, by the Commission’s Land Acquisition Program.
Land Acquisition Program (LAP)
The Land Acquisition Program assists eligible nonprofit organizations in Washington state to purchase land suited for either multifamily or single family affordable housing development.
LAP is a revolving loan program intended to assist with site acquisition for eventual use as affordable housing; LAP projects are expected to begin construction in year 4–6 and place in service before year 8. LAP is not a short-term acquisition bridge financing program. Nonprofit borrowers must demonstrate sound experience and strong development capacity.
If you have questions about the Land Acquisition Program, please contact: