The two-building complex provides housing for families earning 30 to 60 percent of area median income, or $24,000-$49,000 a year.
Apartments range from one- to three-bedroom units. They have all been leased — residents have moved in — and prospective tenants face a five-year wait list.
The complex also houses a child development center, a multicultural community center, office and retail space, and a large public plaza between the two buildings.
Beacon Development Group, the development consultant, will occupy the office space. Two of the three retail bays are leased to the Seattle Metropolitan Credit Union and a locally owned cafe called The Station.
The cafe and credit union plan to open in January.
The nonprofit El Centro de la Raza has a business opportunity center that will provide business development courses and micro-lending programs to small business owners.
The six-story project was named Plaza Roberto Maestas in honor of the late founder and executive director of El Centro de la Raza.
The total development cost was around $45 million. Financing was provided by the U.S. Bank Community Development Corp., the Seattle Office of Housing and Human Services Division, the Washington Community Reinvestment Association and a private capital campaign.
Enterprise Community Partners and Impact Capital provided pre-development funding.
Design team members included architect of record SMR Architects with Third Place Design Co-operative and 7Directions Architects. Walsh Construction Co. was the general contractor. Other team members were Cerna Landscaping; Shannon and Wilson; South Earth Strategies; Bush, Roed and Hitchings; Nakano Associates; and Swenson Say Faget.