A company is seeking tax exempt bonds to help it buy and renovate two senior housing apartment complexes near in Belfair.
The properties are the Ashford House and Belfair House on Highway 3.
Preservation Portfolio Associates is seeking up to $3.5 million in revenue bonds through the Washington State Housing Finance Commission to offset the $6 million cost of buying and rehabilitating the properties. A hearing on the proposed bond issuance will be held Dec. 18 in Seattle, according to a legal notice.
The two apartment complexes total 48 units. A portion of those homes will be set aside as low-income housing, according to the notice.
