Market Overview

Compass Health Receives Funding Worth $21 Million for Everett Affordable Housing and Behavioral Health Services Project


Public funding adds momentum, keeps Broadway Avenue project on track
for 2019 groundbreaking

Compass Health, Northwest Washington's behavioral healthcare leader,
recently received an allocation of low income housing tax credits worth
approximately $17 million from the Washington State Housing Finance
Commission and nearly $4 million in grant funding from the Washington
State Department of Commerce to help finance its new development off
Broadway Avenue. The project will provide 82 new units of affordable
housing, plus redevelopment of existing facilities for integrated
treatment and support services for people with chronic mental and
behavioral health issues.

In May, Gov. Jay Inslee announced a five-year plan to modernize and
transform the state's mental health care systems, expanding and
strengthening the network of community-based behavioral health
facilities – and the Commerce grants align with that effort.

"These are huge milestones, and we are thrilled with the momentum this
funding provides to positively impact thousands of lives, expand
affordable housing and address homeless and mental illness – some of the
most critical issues facing our community and region," said Tom
Sebastian, president and chief executive officer for Compass Health.
"All that said, we know we have a long way to go, and will look forward
to continued support from the state, county and community to make this
project a reality."

The development, sited on the 3300 block of Lombard Avenue, will add 82
new Permanent Supportive Housing units and will provide key services to
help address critical housing shortages and homelessness issues in the
area – particularly among those with chronic mental illness. Once full
project funding is secured, Compass Health anticipates breaking ground
in 2019 with project completion slated for mid-2020.

The affordable housing project aligns with the City of Everett's Housing
First and Safe Streets initiatives, to help people transition out of
homelessness by providing them with housing while they receive the other
services and support they need. The 62,000-square-foot supportive
housing complex will be staffed 24/7 by Compass Health residential
counselors, with clinical services and other housing supports also
provided on-site. Most residents will be formerly homeless individuals
referred through Snohomish County's Coordinated Entry System.

As part of a phased approach, Compass Health is also in early-stage
planning for a redevelopment of its existing Broadway Avenue location to
support evaluation and treatment, residential treatment services, and
innovative models for integrated medical and behavioral health care. The
Commerce grants support this component, which is slated to follow
construction of the housing project and will require additional public
and private funding through a dedicated capital campaign.

In addition to these latest awards, Compass Health also received $4.5
million in key funding from the Washington State Housing Trust Fund in
March, financial support from Snohomish County in the fall of 2017 and
will continue to seek additional public and community funding.

Compass Health already provides affordable housing support to more than
500 people with mental illnesses each year throughout Snohomish County
and the north Puget Sound region. The organization serves community
members of all ages with comprehensive behavioral healthcare services
throughout Northwest Washington. From mental health treatment to crisis
prevention and intervention, supportive housing, children's services and
much more, Compass Health delivered care to more than 22,000 people in

Learn more about Compass Health, its services in the community, housing
programs and ways to support its mission on its website:

About Compass Health:

Compass Health is Northwest Washington's behavioral healthcare leader.
The organization integrates behavioral health and medical care services
to support clients and communities when and where they are needed.
Building on a century of experience, Compass Health is forging new,
nationally recognized models of care that bring together highly skilled
mental health professionals, primary care providers, peer counselors and
others to treat the whole person. From comprehensive mental health
treatment to crisis intervention, children's services and community
education, Compass Health serves people of all ages throughout Island,
San Juan, Skagit, Snohomish and Whatcom counties.

Learn more:

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