With its sixth tax credit project, Yakama Nation Housing Authority (YNHA) will rehabilitate 88 homes in the Apas Goudy subdivision on the Yakama Nation Reservation in Wapato, WA.
Of the 88 units, 32 of the homes are single-family and another 56 units are bundled in duplexes. They were originally constructed between 1967 and 1972. The LIHTC project will substantially rehabilitate the homes to update finishes, fixtures and building systems to current building standards and improve energy efficiency.
“The Yakama Nation Housing Authority is pleased to be awarded tax credits to do major renovations to our Apas Goudy rental housing park in Wapato, WA, which was our first development project 45 years ago,” said Elena L. Bassett, chairperson for YNHA at the time of the award. “The work will involve not only renovations but also weatherization, energy efficiency, utility upgrades and employment for our tribal members. The tenants will be able to enjoy the use of a new community center on site for their children, plan family gatherings, and have after-school activities. The goal of YNHA to provide decent, affordable and standard housing for the tenants will continue to be realized in the renovation of these 88 units.”
Once renovations are completed, the homes will be rented to families with some set aside to serve large-family households and others for people with disabilities.
YNHA and the Confederated Tribes and Bands of the Yakama Nation will provide important services to the tenants, including adult education and wellness classes and after-school programs for children.
The new community center (rendering pictured) was built at the site of an existing community building, which was demolished. The community center includes meeting spaces and a community kitchen.
Raymond James Tax Credit Funds is the investor for this project.
Read more: New Washington project moving forward
At a Glance
- Native Organization: Yakama Nation Housing Authority
- Asset Management Client
- Date Closed with Investor: 2017
- Date Completed: 2019
- Development Type: Rehab
- Project Status: Complete
- Total Homes: 88
- Total Project Cost: $20,767,961
- Total Investor Equity: $14,904,134