Project Financing

Project Financing

The Salishan revitalization project is financed by a variety of public and private sources of capital. THA’s financing includes the following:

HOPE VI Funds $35,000,000
Other Federal Funds $9,500,000
State Housing Trust Funds $12,000,000
Local Funds $8,361,713
Private Tax Credit Equity $70,200,000
Lot Sales $48,700,000
Federal Home Loan Bank $1,900,000
Private Mortgage $14,012,000
Developer Fee $6,500,000
Program Income $13,155,950
County Funds& United Way $713,309
TOTAL $220,043,762

Click to download the explanation of the new state and local tax revenues attributable to Salishan.