A Memorandum of Understanding (MOU) between Africatown-Central District Preservation and Development Association (Africatown), The Black Community Impact Alliance (BCIA), Capitol Hill Housing (CHH), and Centerstone formalized a plan for the development of the Liberty Bank Building (24th and E Union).
Founded in 1968 as a community response to redlining and disinvestment in the Central District, Liberty Bank provided needed services to the neighborhood until 1988. This new partnership will continue the legacy of Liberty Bank, providing 115 affordable homes and bringing arts, culture, affordable commercial space all under one roof.
This MOU was made possible through support from the Seattle Office of Housing and the Office of Economic Development. “I am excited about the future of Liberty Bank,” Mayor Ed Murray said. “Liberty Bank has a long history serving Seattle’s African-American community. Future development will continue to build upon that tradition while keeping ownership of the building within the African-American community.”