Housing Renovation City Approves Federal Loan To Help Finance Improvements To Carlyle Hotel

City Council

The Spokane City Council has approved a federal community development loan to help pay for renovation of the Carlyle Hotel at Second and Post.

Nearly $3.9 million is being poured into the renovation through a conventional loan, donations and the federal loan money.

The council on Monday approved the $150,000 loan for permanent furnishings in the rebuilt apartments.

In 1992, the Downtown Housing Stabilization Program loaned the Carlyle’s owners $224,800 for improvements to the boiler, wiring and elevator.

The current renovation is in addition to the earlier work.

The hotel is occupied mainly by low-income residents, and maintaining its usefulness has been a priority for business and civic leaders in Spokane for several years.

The remodeling will give residents a clean, safe and air-conditioned living environment at a low cost.

Some of the money for the renovation came from gifts from the nonprofit organization that runs Rockwood Manor and from Wells Fargo Bank.

Owners Ed and Debbie Hoffman have arranged conventional financing for the majority of the project.

In other business, the council on Monday set a hearing for the formation of a local improvement district to pay for paving 33rd Avenue from Fiske to Ray streets.

The hearing will be during the regular council meeting on Sept. 16.

The project, which will include curbs and sidewalks, involves 24 residential lots and is estimated to cost $150,000.

Some of the adjacent property owners are eligible for community development subsidies through the federal government.

The council also approved a contract to Red Diamond Construction of Spokane County to pave Madelia Street from First to Second avenues at a cost of $44,249.

Three other contractors bid on the project.

The next lowest bid was from Shamrock Paving Inc. at $51,700.

, DataTimes