WA Dept of Commerce Invests $1.6 Million in Parkview Services Homeownership Program

LYNNWOOD, WA, The Washington State Department of Commerce announced historic investments totaling $312.6 million to address the urgent need for affordable housing in communities throughout Washington state. Parkview Services received a record $1.6 million and will dedicate these funds to support first-time home buyers seeking down payment assistance, in Washington, through its Homeownership Program.

This award allows Parkview Services to amplify the depth and reach of the program, and means many qualified applicants could receive as much as $60,000 to $100,000 in down payment assistance. This comes at a very important time for Parkview as interest rates and home prices remain volatile. Affordable home inventory (for both existing and new construction) is very low, and the home supply is expected to remain this way for the near future. These funds will be distributed to first-time home buyers, throughout Washington. For many, the down payment assistance has the potential to shrink the competitive gap, and improve individuals and families’ chances at getting their home purchase offer accepted.
Details about Parkview’s pre-purchase, mortgage default, and free homebuyer education programs are available online at parkviewservices.org. Interviews with Parkview staff, clients and families that have received down payment assistance, are available upon request.

Parkview Services is one of Washington’s largest, and most successful, nonprofit affordable housing providers specializing in serving adult individuals with I/DDs. Their programs create affordable housing, provide supported living services, and provide community engagement programming (Camp Parkview and Vibrant Palette) that dramatically improve the quality of life for adult’s living with I/DDs.

About Parkview Services
Founded in 1967, by parents of a child with intellectual and developmental disabilities, Parkview Services creates affordable, inclusive housing solutions that promote stability, opportunity and community for all Washingtonians. We believe that housing is a fundamental human right. Unprecedented statewide need for affordable housing and support services has fueled Parkview’s program expansion which, today, includes affordable housing options, supportive living services, summer camp, visual art programs, dozens of partnerships, mortgage default assistance, homebuyer education and counseling, and down payment assistance. In 2023 Parkview Services was designated a By-and-For organization by the Washington Department of Commerce.
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Click to access 2024-HO-Funding-Press-Release.pdf