{"id":51288,"date":"2021-08-16T14:07:00","date_gmt":"2021-08-16T21:07:00","guid":{"rendered":"http:\/\/www.kentreporter.com\/news\/king-county-applies-for-acquisition-funding-assistance-of-federal-way-hotel\/"},"modified":"2021-08-16T14:07:00","modified_gmt":"2021-08-16T21:07:00","slug":"king-county-applies-for-acquisition-funding-assistance-of-federal-way-hotel","status":"publish","type":"post","link":"https:\/\/www.kentreporter.com\/news\/king-county-applies-for-acquisition-funding-assistance-of-federal-way-hotel\/","title":{"rendered":"King County applies for acquisition funding assistance of Federal Way hotel"},"content":{"rendered":"<p>The Federal Way Red Lion hotel is among 14 applications for the first round of Rapid Capital Housing Acquisition (RCHA) funding round by the Washington State Department of Commerce.<\/p>\n<p>The department&rsquo;s Housing Finance Unit (HFU) has received the 14 applications totaling a request of $60.5 million to generate 578 units of affordable housing.<\/p>\n<p>RCHA is capital funding to acquire or rent real property in Washington for rapid conversion into enhanced emergency shelters, permanent supportive housing, transitional housing, youth housing, drop-in centers, or shelter for people with extremely low incomes, as well as people experiencing sheltered and unsheltered homelessness, according to the department.<\/p>\n<p>King County is <a href=\"https:\/\/deptofcommerce.app.box.com\/s\/whtecrsti3rysbtnobghmmstxi28k2zg\" target=\"_blank\" rel=\"noopener noreferrer\">listed as the applicant name<\/a> for the Federal Way Red Lion hotel on the list of applications. The county is applying to acquire the project site (1688 S. 348th St.), which is listed to house a general low-income population. The hotel has 84 beds\/units with a total redevelopment cost of over $11 million. The county is requesting $8,905,970 from the RCHA funding.<\/p>\n<p>The Federal Way Red Lion is the only project listed with King County as the applicant.<\/p>\n<p>The first phase of the RCHA program was limited to organizations acquiring properties capable of housing people swiftly with minimal updates and evidence of local support.<\/p>\n<p>Eligible projects from Phase I will be notified to proceed by Sept. 2.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Request to state Department of Commerce program for $8.9 million <\/p>\n","protected":false},"author":665,"featured_media":51289,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9,4],"tags":[],"yst_prominent_words":[],"class_list":["post-51288","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-home","category-news"],"_links":{"self":[{"href":"https:\/\/www.kentreporter.com\/wp-json\/wp\/v2\/posts\/51288"}],"collection":[{"href":"https:\/\/www.kentreporter.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.kentreporter.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.kentreporter.com\/wp-json\/wp\/v2\/users\/665"}],"replies":[{"embeddable":true,"href":"https:\/\/www.kentreporter.com\/wp-json\/wp\/v2\/comments?post=51288"}],"version-history":[{"count":0,"href":"https:\/\/www.kentreporter.com\/wp-json\/wp\/v2\/posts\/51288\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.kentreporter.com\/wp-json\/wp\/v2\/media\/51289"}],"wp:attachment":[{"href":"https:\/\/www.kentreporter.com\/wp-json\/wp\/v2\/media?parent=51288"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.kentreporter.com\/wp-json\/wp\/v2\/categories?post=51288"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.kentreporter.com\/wp-json\/wp\/v2\/tags?post=51288"},{"taxonomy":"yst_prominent_words","embeddable":true,"href":"https:\/\/www.kentreporter.com\/wp-json\/wp\/v2\/yst_prominent_words?post=51288"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}