Liberty Bank Building
The Liberty Bank Building will be Capitol Hill Housing’s 49th building.
Located at 24th and Union in the Central District, the six-story, 115-unit mixed-use project will provide much-needed affordability to the neighborhood while also supporting community priorities.
A memorandum of understanding signed with community partners in the Central District (Africatown-Central District Preservation and Development Association, Black Community Impact Alliance and Centerstone) guides the project.
The partners have committed to using the redevelopment of the site to empower and lift up the community and honor the history of the original Liberty Bank. From 1968 to 1988 Liberty Bank served the African American community, representing a community response to redlining and disinvestment in Central Seattle.
Construction on the building will begin in 2017 and is expected to finish in the summer of 2018. When completed, the 115 units will be open to people earning between 30%, 50% and 60% of the area median income (between $31,560 and $54,180, depending on family size. Units will be a mix of studios, one bedroom and two bedroom units. The first floor will provide roughly 2,700 square feet of affordable commercial space to local businesses.
Capitol Hill Light Rail Station
The vision for this project first emerged back in 2009 when Sound Transit first held meetings to gather input on how to best redevelop the area after the completion of the light rail station. The Capitol Hill Champion, an alliance between the Capitol Hill Chamber of Commerce and the Capitol Hill Community Council, formed in 2010 to provide a combined neighborhood voice on what the community would like to see: affordable housing was a major priority.
In 2015, Capitol Hill Housing was selected as the nonprofit developer for the parcel of the land at the corner of 10th and John, site “B-North.” When completed, the building will provide 110 homes affordable to working families – people making roughly between $19,000 to $55,000, depending on family size. Units will be a mixture of studios, one, two and three bedroom units. The first floor will include a 1,400 square foot community space open to the neighborhood.
Not only is this development critical to preserving the economic diversity of our neighborhood, it also stands as powerful example of transit-oriented development. Residents of this building will be located right above the beautiful new light rail station, opening up the full range of opportunity our city offers.