When Carlo Fights, Everett Wins!
25 Garvey St.
This 100% affordable housing development is situated within the Commercial Triangle Economic Development District and will contain 125 units of affordable and deeply-affordable housing (30%-60% AMI). It has received full entitlement from the City and is currently under construction, with an estimated completion in late-2027/early-2028.
Unlike many other developments taking place in the Commercial Triangle, which prioritize smaller units such as studios and 1-bedroom apartments due to their lower impact on municipal infrastructure, this project places an emphasis on family-housing. A majority of the units will consist of 2- and 3-bedroom layouts. Remarkably, this marks the first opportunity for a fully-affordable family-oriented development within the City of Everett since 1975.
The City of Everett has allocated $3.5 Million towards the project’s development. Notably, none of these funds are drawn from the City’s General Fund, meaning that they have no impact on the Everett taxpayer. Rather, $750,000 originates from our annual Community Development Block Grant (CDBG) and $2,750,000 is sourced from Linkage Fees. These Linkage Fees are statutorily funded by private developers and is exclusively designated for addressing affordable housing needs here in Everett. The North Suburban Consortium, composed of 8 communities, including Everett, has approved $2,000,000 in HOME and HOME-ARP funds toward the development of this project.
In summary, this project will introduce 125 affordable and deeply-affordable housing units to the City’s housing inventory, with a significant proportion tailored for families. The City’s total commitment towards this project’s development amounts to $5.5 million ($3,500,00 directly and $2,000,000 through NSC). Importantly, this commitment is structed to have no financial impact on the taxpayer.
Summary of Community Benefits
Increase affordable housing supply in support of Everett’s housing goals
Provide housing for a wide range of income levels
Transform former industrial area into a vibrant, new residential neighborhood, integrating with surrounding redevelopment sites
Encourage public transit use with a robust TDM program
Create healthy, environmentally-sustainable homes
100% Affordable Project located in the Commercial Triangle. 70% of these 125 units will be dedicated solely for existing Everett residents (maximum allowed by EOHLC regulations)
St. Therese
Formerly the site of a local parish, the City of Everett partnered with a local non-profit developer to crease 77-units of rental housing for low- and extremely-low-income (30%-60% AMI) senior citizens (ages 62+), with a 70% local preference for existing Everett residents. In addition to the 77 rental units, the project also created 6 3-Bedroom townhouses, marketed for moderate-income, first-time homebuyers. The property also boasts an on-site health center, operated by NeighborHealth through its Neighborhood PACE program, which provides comprehensive care and support for seniors (available for both the building’s residents as well as members of the Everett community), including preventive care, specialist visits, prescription drug coverage, and health and wellness programs.
The property also contains a pocket park on-site, incorporating architectural elements from the former church building and an interpretive exhibit to honor the rich history of the St. Therese Parish in Everett.
Summary of Community Benefits
Adds affordable housing options for Everett seniors
The ground-floor health center provides comprehensive care for Everett’s seniors, regardless of whether they are residents of St. Therese.
A ground-floor meeting room is made available for community organizations to reserve, free of charge.
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