$110 million Pierce County development will have 276 affordable housing units
AI-generated summary reviewed by our newsroom.
- Cedar Flats broke ground March 31 as a 276-unit affordable housing development.
- Units will serve households up to 60% of area median income starting in early 2027.
- Project cost totals $110 million including $7 million from Pierce County funds.
The Frederickson area is getting more than 200 units of affordable housing.
Cedar Flats – a 276-unit affordable housing development at 17320 82nd Ave. E., between South Hill and Frederickson – broke ground on March 31, according to a news release from Admiral Strategies, the public relations firm for Cedar Flats’ developer, Southport Financial Services.
“With construction on Cedar Flats officially underway, the project’s first units will begin leasing in early 2027, and full project lease up [is] expected by 2028,” the release said.
According to the release, Cedar Flats will have a mix of two-, three- and four-bedroom units, with 20% of units reserved for large households and 10% for people with disabilities.
Housing will be available for people who make up to 60% of the area median income, the release said.
The city of Tacoma lists 60% area median income as:
- $45,180 for one person.
- $51,600 for two people.
- $58,080 for a family of three.
- $64,500 for a family of four.
- $69,660 for a family of five.
“As one of the largest affordable housing developments currently underway in Pierce County, Cedar Flats represents a significant step forward in addressing Washington’s growing housing affordability crisis,” the release said. “With all 276 units being offered at affordable rent levels, a market study conducted on behalf of the project showed average tenant rent savings of $550 per month, compared to equivalent market-rate rents.”
The release did not say how much these units are expected to cost. According to Zillow, the average rent in Frederickson is $2,592.
Cedar Flats cost $110 million, the release said, which includes $7 million from Pierce County’s Maureen Howard Affordable Housing Act. Libby Catalinich, former spokesperson for Pierce County, previously told The News Tribune the rest of the project’s funds come from Low Income Housing Tax Credit Equity, Tax Exempt Bond Financing and other private sources.
“Cedar Flats is the newest example of how we are using local investments to meet our housing challenges,” County Executive Ryan Mello said in the release. “In its first couple years, the Maureen Howard Affordable Housing Fund has already supported more than 1,300 units across Pierce County. That’s the kind of progress we need – projects that move quickly thanks to strong partnerships and an unwavering commitment to making home possible for everyone.”
This story was originally published April 13, 2026 at 12:43 PM.
