Tacoma News Tribune: “250+ units of affordable housing open in Pierce County. ‘We’re just getting started’”
Spanaway has 256 new units of affordable housing following the opening of the Copper Way Apartments complex at 19422 Mountain Highway E.
South Sound Magazine: “Evergreen Impact Housing Fund Opens Affordable-Housing Development in Spanaway”
The new development, Copper Way, includes 256 apartment units for working families, and is EIHF’s first development in Pierce County.
Puget Sound Business Journal: “Low-income housing project aimed at families opens in Pierce County”
Apartments at 256-unit development will be reserved for households earning 60% of the area median income.
Evergreen Impact Housing Fund Wins National HUD Award
Evergreen Impact Housing Fund earns 2024 Secretary’s Award for Public-Philanthropic Partnerships
Novogradac Journal of Tax Credits: “Stars Align in Seattle for Financing of LIHTC-Supported Development The Aries”
Novogradac Journal of Tax Credits published a profile of The Aries project written by Nick Decicco, Senior Writer.
Renton Reporter: "Affordable housing units open near Renton City Hall"
The Watershed Apartments on Williams Avenue are within walking distance of downtown, City Hall and the future site of the city’s new transit center.
425 Magazine: "New Affordable Housing Complex for Working Families Opens in Renton"
The Evergreen Impact Fund and GMD Development opened the Watershed apartment community on April 18 in Renton.
Puget Sound Business Journal: “Affordable housing project backed by Microsoft opens in Renton”
The Watershed apartment building, which officially opened Friday in Renton, offers affordable housing for up to 350 residents earning about half of King County's area median income.
Connect Commercial Real Estate: “Public-Private Partnership Finances Affordable Apartments in Renton”
The Evergreen Impact Housing Fund (EIHF) and GMD Development hosted the grand opening of the Watershed apartment community, a new 145-unit affordable housing project located in Renton.
Filene Research Produces EIHF Case Study
Filene, dedicated to changing lives through innovation, truth and cooperation, recently released a case study on Washington State credit unions support for EIHF.
Connect Commercial Real Estate: “Bellwether Housing, EIHF Open North Seattle Affordable Apartments”
Bellwether Housing and the Evergreen Impact Housing Fund (EIHF) have officially opened The Aries at Bitter Lake, a new 200-unit affordable apartment complex in North Seattle.
Kirkland Reporter: “Possible antidote to the Eastside’s housing crisis?”
The Evergreen Impact Housing Fund (EIHF), an investment fund managed by Seattle Foundation has taken an approach that covers funding gaps to projects through their first-of-its-kind model.
Connect Commercial Real Estate: “EIHF, Inland Group, Microsoft to Bring Affordable Housing Project to Kirkland”
Evergreen Impact Housing Fund (EIHF), developer Inland Group, and Microsoft have fully financed Polaris at Totem Lake, an affordable housing development in Kirkland, Washington.
Puget Sound Business Journal: “Large affordable housing development in Spanaway gets underway”
Spokane-based developer Inland Group broke ground in late July on a 256-unit garden-style affordable apartment development in Spanaway. The Evergreen Impact Housing Fund provided low-interest, long-term loans that help bridge the financing gap.
Tacoma Weekly: “Truly affordable housing coming to Pierce County”
The Evergreen Impact Housing Fund’s low-interest, long-term loans play a vital role in bridging financing gaps and enabling the realization of affordable housing projects. Copper Way is the second EIHF project supported by a consortium of Washington State credit unions.
The Tacoma News Tribune: “Low-income apartment project with 256 units is coming to Pierce County”
Copper Way, a new affordable housing development with 256 apartments, is coming to Spanaway soon. The development will be the first in Pierce County from Seattle-based Evergreen Impact Housing Fund and Spokane-based development company Inland Group, according to a Wednesday news release.
The Urbanist: “Evergreen Impact Housing Fund Contributes to Nearly 750 Affordable Homes”
EIHF, a social impact investment fund managed by the Seattle Foundation, delivers last dollar funding to affordable housing projects. EIHF is a first of its kind model, and according to Kris Hermanns, Chief Impact Officer at Seattle Foundation, it is attracting national attention.
Seattle Daily Journal of Commerce: “Sierra now building 145 Renton units, all affordable, for GMD”
The six-story, 145-unit Watershed affordable housing project has broken ground.
Kent Reporter: “Large-scale affordable housing development breaks ground in Renton”
The Watershed project will offer 145 units of affordable housing for over 350 people. The project received private financing from Evergreen Impact Housing Fund (EIHF) and Citi Community Capital, alongside public funding from the Washington State Housing Finance Commission.
Puget Sound Business Journal: “Microsoft-backed affordable housing fund helps finance Renton development”
Microsoft-backed affordable housing fund helps finance Renton development
Synopsis: Financing for a 145-unit affordable housing project in Renton closed this week thanks to private funding from Microsoft-backed Evergreen Impact Housing Fund (EIHF) and Citi Community Capital. It also used public money from the Washington State Housing Finance Commission.