Snohomish County Housing Authority

The Board of Commissioners conducted a public hearing regarding the proposed plan of financing for the issuance of tax-exempt revenue bonds for a multifamily housing facility. The meeting included the approval of consent items and the adoption of resolutions approving reimbursements for The Bow Tie in Lynnwood and Leonard's Crossing in Marysville. Additionally, the board approved the adoption of annual updates to the Section 8 Housing Choice Voucher Administrative Plan.

The board discussed and addressed several key items, including the authorization of March 2026 expenditures, a resolution to expand the eligibility of the Local Housing Assistance Voucher Program Pilot to include households in HASCO-owned USDA properties, and the formal approval of the 2026-2028 Strategic Plan. Additionally, leadership provided reports concerning finance, legal counsel, and the Chief Executive Officer's operational updates.

The Board of Commissioners discussed several agenda and action items, including the authorization of March 2026 expenditures and a revised utility allowance rate for the Section 8 Housing Choice Voucher Program. The Board also reviewed and approved an amendment to the Local Housing Assistance Voucher Program Pilot to expand eligibility to households in HASCO-owned USDA properties and formally approved the 2026-2028 Strategic Plan. Additionally, the meeting included information reports on finance, legal matters, and the Chief Executive Officer's operational updates.

The Board meeting focused on the adoption of the 2026-2027 Public Housing Agency Plan update and the authorization of expenditures for February 2026. Key information shared included a strategic plan presentation, legal counsel and commissioners' reports, and a comprehensive update from the Chief Executive Officer. Operational updates included the successful transition and purchase of the Allegro Apartments, new grant funding for kitchen appliance upgrades, HUD voucher program status, participation in state housing meetings, and coordination on local housing affordability advocacy. Development updates highlighted progress on the 200th Street project, including environmental monitoring and financial planning, as well as the Marysville project status regarding variance approvals and upcoming tax credit applications.

The Special Meeting of the Board of Commissioners addressed several items. Key actions included the approval of the agenda for the February 17, 2026 Special Meeting and authorizing payment of December 2025 and January 2026 expenditures. Action items during the meeting covered two resolutions: one ratifying the Purchase and Sale Agreement and authorizing the acquisition of The Allegro Apartments, which is projected to close on February 5, 2026; and a second resolution authorizing HASCO to issue tax-exempt revenue bonds and a note to finance this acquisition. Information items included reports from Legal Counsel, Commissioners, and the Chief Executive Officer.