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Homestead Community Land Trust Acquires Former Rite Aid for Housing Project
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Homestead Community Land Trust Acquires Former Rite Aid for Housing Project
Seattle-based Homestead Community Land is planning an affordable housing project at a former Rite Aid property in Tacoma. In January, Homestead acquired the 2-acre site at 1105 Martin Luther King Jr. Way for $4.2 million. The Washington State Housing Finance Commission provided a loan to Homestead to cover the purchase, reported the Puget Sound Business Journal. The seller, the Seattle-based land preservation trust Forterra, had acquired the pro…
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