The financially strapped Housing Kitsap is looking to sell its 13-unit property at 550 Madison Avenue. The residents launch a passionate campaign, “Save 550 Madison Avenue,” broadcasting their plight on social media, petitioning Housing Kitsap, and ultimately generating widespread support in a community growing increasingly concerned with the lack of affordable housing. After an unsuccessful bid by HRB to buy the property, the new owner announces plans to develop the site, along with its adjoining parcels, as an 80-unit market-rate apartment complex. HRB and the developer enter a partnership which allows HRB to purchase 13 units at the cost to build. HRB will add these homes to its community land trust where they will be kept permanently affordable. Construction begins 2023.
