WaFd Bank contributes $7,500 grant for affordable housing initiatives

CHELAN - To address the pressing need for affordable housing in the Manson and Chelan regions, WaFd Bank has extended support to the Chelan Valley Housing Trust (CVHT) by offering a $7,500 grant. This funding injection aims to facilitate the construction of two single-family homes tailored for income-qualified individuals.

CVHT operates with a clear mission to establish secure and stable housing options that remain within the financial reach of local wage earners in Manson and Chelan. Recognizing the pivotal role that secure housing plays in fostering thriving communities and robust economies, CVHT underscores the pressing need for accessible housing options catering to families, young professionals, and seniors.

The housing crisis gripping the area has left a majority of wage earners grappling with the challenge of residing in the very communities where they work due to unaffordable living costs. CVHT is implementing the community land trust model to tackle this issue head-on. This model prioritizes elements such as home ownership, perpetual affordability, and stewardship to provide sustainable solutions to the housing predicament.

WaFd Bank's contribution to CVHT aligns with a shared vision of enabling community-centric solutions to housing disparities. This partnership marks a step forward in the pursuit of accessible housing for income-qualified individuals in the Manson and Chelan areas, underscoring the importance of collaborative efforts in addressing the pressing housing needs of the region.