We are making a courageous commitment to our community.
By partnering with a for-profit developer to create homes in a commercial space, the project offers benefits to the developer, the agency, and the community – a true win-win-win.
Cascade Landing is considered a pilot project. The success of Cascade Landing will inform how we aggressively work towards helping to mitigate the lack of affordable homes. As a nonprofit organization, Community Action works with local government, for-profit developers, and the community we serve to solve the puzzle of creating housing people can afford. By partnering with the property owner of an existing building, we can move quickly to reconfigure what once were offices into cozy, affordable apartments homes for approximately 45 people.
Once situated in their homes, there will be no need for tenants to requalify. Cascade Landing apartments are permanent homes – not shelter, nor transitional housing. Increases in rent will be modest and aligned annually with the Cost Of Living Adjustment (COLA).
This project adds an additional 35 affordable apartment homes to the Skagit County housing pool. This is significant, considering that the 2021 vacancy rate is only 0.3%. Cascade Landing will have full-time leasing agent/customer service representative located at the facility to manage the site.
Beautiful, affordable homes where people can feel safe and build community.
This innovative model of creating housing in under-used commercial space is time and cost efficient. The cost to convert office space is less than $70,000 per apartment home.
By converting the second floor of a 27,000-square-foot commercial building in Burlington into small residential rental units, Community Action is able to provide 35 affordable rental homes.
Cascade Landing provides permanent long-term housing. Rents will be scaled to be affordable for qualifying tenants. The initial Master Lease is on a 12-year term with extensions in 5-10 year increments up to a maximum term of 47 years.
These homes consist of 27 studio apartments, 6 one-bedroom apartments, and 2 two-bedroom apartments all on the second level of a repurposed commercial building.
These comfortable apartment homes have their own bathroom and kitchen, and three of the homes are ADA compliant. There is a laundry room complete with commercial-sized washers and dryers, and an elevator for easy access. There are common areas where families can enjoy the open space in the garden, a community room for gatherings to celebrate birthdays and special occasions, an outdoor patio to BBQ, and an abundance of free parking.
These apartment homes are for young families, workers, seniors, veterans, and others.
Each apartment home has 9’ high ceilings for a feeling of spaciousness, large windows allowing lots of natural light, new energy-efficient appliances, and thoughtfully designed kitchens and bathrooms. Each apartment home includes heat exchange venting, LED lighting, heat pumps, water heaters, and mini-PTACs, these are Packaged Terminal Air Conditioning units.
Cascade Landing offers:
- 27 studio apartment homes, approximately 270 square feet
- 6 one-bedroom apartment homes, between 285-386 square feet
- 2 two-bedroom apartment homes, approximately 500 square feet
The building design includes major energy efficiency upgrades including new windows, sound barriers between units, onsite laundry, community rooms, outdoor patio, and ample parking for residents, first-floor commercial tenants, and visitors.
Total Cost of Conversion: $2,300,000
Cost per unit: $70,000
Each unit costs approximately $70,000 to convert into an apartment home.
Quality rental homes are incredibly scarce and breathtakingly expensive. If we don’t address the rental housing crisis now, the problem will only get worse, and many of our neighbors are in real danger of homelessness.
We all benefit when workers, families, and seniors have safe, affordable homes.