Tacoma Rescue Mission considers selling low-income apts

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by JOHN LANGELER / KING 5 News

Bio | Email | Follow: @jlangelerKING5

KING5.com

Posted on May 4, 2014 at 5:05 PM

TACOMA -- Citing a need to focus on its "core future," the Tacoma Rescue Mission is considering selling two low-income apartment buildings it has owned for roughly 10 years.  The properties have around 80 tenants, and putting the properties on the market could bring in around $4 million.

"This is an appropriate time for us to start looking," said Executive Director Brian Sonntag, "The board has asked for us to start looking at what we might be able to do."

Sonntag indicated there is no immediate financial reason for selling, but there could be in the "forseeable future" given the decrease in funding for non-profits.

"When does it become a money pit?  When does it something we can't afford to do any longer?" said Sonntag.

Sonntag gave no timeline on if, or when a decision on selling the buildings may come.  He said the organization would "do whatever we can" to make sure the current tenants are not displaced.  New agencies are being sought to fill the void, including the Tacoma Housing Authority.

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