Anacortes Housing Authority secures $6M for Lisonbee Building reconstruction project

May 30, 2025 | Skagit County, Washington


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Anacortes Housing Authority secures $6M for Lisonbee Building reconstruction project
The Skagit County government meeting on May 30, 2025, focused on significant developments in housing initiatives, particularly the reconstruction of the Lisonbee Building in Anacortes. The meeting highlighted the importance of year-round occupancy for new housing projects and discussed funding strategies to support these initiatives.

Commissioner Browning raised concerns regarding the security of funding for housing projects, emphasizing the need for clarity on financial commitments. The response indicated a level of confidence in securing necessary loans, with ongoing communication with federal authorities in Washington, D.C. The discussion underscored a shift in funding strategy, allowing for initial investments in housing projects, which is a departure from traditional economic development funding practices.

Kim Buchanan, representing the Anacortes Housing Authority, detailed plans for the Lisonbee Building reconstruction, which aims to enhance affordable housing options in the city. The project has received a commitment of $3 million from the city, with negotiations underway for an additional $3 million, totaling $6 million in funding. This financial support is structured to be disbursed over 20 years, facilitating long-term investment in the community.

Buchanan noted that the Anacortes Housing Authority has a history of managing affordable housing, with 195 units currently under their care. The Lisonbee Building project is strategically located near essential services and has garnered community support, having been approved by voters as part of a broader housing initiative.

The meeting concluded with a commitment to further community engagement, as a second neighborhood meeting will be held to discuss design changes for the project. This initiative reflects Skagit County's ongoing efforts to address housing needs and improve living conditions for its residents.

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