The Foundation for a Better Future
Investing in affordable housing means investing in people.
Catalytic Investment Opportunity
Evergreen Impact Housing Fund (EIHF) offers catalytic capital to build more affordable apartments. This capital comes from bold investors who want to make life-changing impact for working families in our region.
EIHF’s Investments
Ensure financial feasibility. We fill a financing gap to make more affordable housing projects possible.
Counteract market distortions. EIHF uses a strategic infusion of private funds to incentivize developers to build affordable housing, especially family-size units.
Complement established financing for affordable housing. We work alongside the Washington State Housing Finance Commission, complementing their financing with patient, low-interest capital.
Advance positive outcomes for Black, Indigenous, and People of Color (BIPOC) communities. With the Commission, EIHF encourages BIPOC developers and community-led developments to generate wealth and housing for communities of color.
How It Works
EIHF transforms investor equity into long-term, low-interest loans that make more affordable housing projects possible. We target investments to large-scale (200+ apartments), family-friendly projects. Increasing the scale of housing projects makes each unit more affordable, creating the opportunity to house more people more efficiently.
“We wanted to do more. We wanted to figure out how to use our balance sheet to make an even larger impact that could go further than what we could do by making a grant.”