Tacoma Housing Authority Finalizes Purchase of North Highland Court Apartments

Date Published: 
August 29th, 2022

From the Tacoma Housing Authority's press release:

The Tacoma Housing Authority (THA) has acquired the North Highland Court apartment complex. Located at 3015 North Highland Street, the 35-unit community becomes the third such THA-owned property in the north end. THA purchased the property using a combination of reserve funds and a loan from Banner Bank.

“We are excited to add the North Highland Court apartments to the THA portfolio and expand access to renters who want to live in the north end,” says Tacoma Housing Authority Executive Director April Black. “Participants in the Housing Choice Voucher program continue to struggle to find available units, especially in neighborhoods in the north end. Through this purchase, we will be able to prioritize voucher shoppers at North Highland Court as units become available.”

THA has contracted with third-party property management company, Spinnaker Property Management, to manage North Highland Court. One of THA’s trusted landlord partners, Spinnaker Property Management understands the benefits of renting to tenants with rental subsidies from THA: access to a robust supply of tenants, consistent monthly payments, free inspections, and helpful trainings from property management experts. In return, Spinnaker and other landlord partners help to provide quality and affordable housing opportunities for families in our community. Over 10,000 people in Tacoma have housing because of strong landlord partnerships.

Read THA's presss release.

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