Press Release

Sale to D.R. Horton

June 9, 2013

Tacoma Housing Authority (THA) has just closed on a real estate transaction for D.R. Horton purchase of 143 single family finished community of New Salishan. D.R. Horton homebuilder.

This marks a major milestone in New Salishan.

D.R. Horton plans to begin construction this summer. D.R. Horton anticipates offering up to fifteen different floor plans in mostly three- and four-bedroom homes. The for-sale homes will be affordable to a range of incomes; thirty-five of the 143 homes will be sold to lower income families at below market rate prices; the balance will be sold at market rate.

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About Tacoma Housing Authority

Established in 1940, Tacoma Housing Authority provides high-quality, stable and sustainable housing and supportive services to people in need. It does this in ways that help them prosper and help our communities develop equitably. THA develops and manages real estate and provides rental housing. In partnership with thousands of private landlords, it helps families pay the rent in the private rental market. It delivers supportive services to help families succeed as “tenants, parents, students, wage earners and builders of assets who can live without assistance.” THA seeks to do its work in ways that help our community be an “attractive place to live, work, attend school, shop and play,” and that help Tacoma be “safe, vibrant, prosperous, attractive and just.”