$2.25 Million Funding Announcement

We are excited to announce that we have been awarded $2,250,000 from the Washington State Department of Commerce’s Housing Trust Fund for our 18-home affordable homeownership development in the Birchwood neighborhood of Bellingham! KulshanCLT will break ground on LaFreniere Court this year.

This comes out to $125,000 per home, a significant investment of state funds. We have been waiting on this piece to move the project forward, and it’s so exciting to have this funding lined up. It will allow KulshanCLT to help 18 more families realize the dream of owning a home.

The Housing Trust Fund awarded $38.5 million in funds for affordable homeownership across the state this year – the largest ever investment by this program. Commerce Director Mike Fong said, “The impact of programs that encourage and support opportunities for working families to own a home is clear. For every new homeowner, at least one rental unit is made available for a new household. Individuals build wealth and the community at large benefits from reduced housing insecurity and increased stability.”

We look forward to getting these homes built and ready for families!