LIHI Tops Out 125th Senior Housing Project on Aurora Avenue in North Seattle

The seven-story building will deliver 89 affordable senior housing units in North Seattle.

Mar. 13, 2026 at 6:50pm

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The Low Income Housing Institute (LIHI) has reached the topping-out milestone for its 125th Senior Housing development in North Seattle. The seven-story building, located at 12245 Aurora Ave. N., is planned as a dedicated senior housing community and marks a key point in construction progress for the nonprofit's latest affordable housing initiative.

Why it matters

The scale of the property positions it as a material addition to the local affordable senior housing inventory, with the unit count fully supported by a layered capital stack that combines federal, state, local, and private funding sources. This project highlights the coordinated public-private efforts to address the need for affordable senior housing in Seattle.

The details

The project will deliver 89 residential units in a building totaling 67,345 square feet, on a site measuring 16,674 square feet. LIHI secured a HUD 202 Senior Housing award for the project, which includes $3.3 million designated for construction and operating subsidies for the 89 units. The City of Seattle is contributing $9.9 million, and the State Housing Trust Fund is contributing $5 million for construction. The project also received an allocation of 9% Low-Income Housing Tax Credits and a $3 million award from HUD sponsored by Senator Patty Murray. KeyBank is providing construction financing as well as equity through the Low-Income Housing Tax Credit program.

  • The topping-out milestone was reached in March 2026.

The players

Low Income Housing Institute (LIHI)

A nonprofit organization that develops and operates affordable housing in the Seattle area.

Runberg Architecture Group

The project architect responsible for the design oversight of the seven-story senior housing building.

Marpac Construction

The general contractor responsible for the execution of the construction program through and beyond the topping-out phase.

KeyBank

The bank providing construction financing as well as equity through the Low-Income Housing Tax Credit program.

Senator Patty Murray

The U.S. Senator who secured a $3 million HUD award for the project.

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What’s next

The project is expected to be completed and ready for occupancy later in 2026.

The takeaway

This senior housing development in North Seattle is a testament to the collaborative efforts of public and private entities to address the need for affordable housing for the city's aging population. The layered funding approach, combining federal, state, local, and private resources, demonstrates the commitment to ensuring the long-term affordability and sustainability of this important community asset.