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.
Realty Biz News: “Aries at Bitter Lake Opens with 200 Affordable Apartments in North Seattle”
The Aries at Bitter Lake is a 200-unit affordable housing project owned and developed by Bellwether Housing, designed by SMR Architects, built by Walsh Construction, and funded by the Evergreen Impact Housing Fund (EIHF).
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.
425 Business: “Affordable Housing Project Underway in Renton”
Seattle-based GMD Development, in partnership with the nonprofit AOF/Pacific Affordable Housing Corp., has closed financing and begun work on Watershed, which will have 145 affordable housing units for 350-plus people.
Seattle Daily Journal of Commerce: “Bellwether, Walsh break ground on 200 affordable Bitter Lake units”
Bellwether Housing announced that it is breaking ground on a new development in early January 2022. SMR Architects designed a seven-story, 200-unit affordable housing project.
The Registry: “Bellwether Housing Breaks Ground on 200 Apartments in Bitter Lake”
The development is one of the first affordable housing developments to be supported by Seattle Foundation’s Evergreen Impact Housing Fund (EIHF). When coupled with more traditional financing sources, EIHF’s patient and low-cost capital allowed Bellwether to build this deeply affordable housing development.
425 Business: “686-Unit Renton Project Breaks Ground”
Construction has begun on the 686-unit Solera, a mixed-use/mixed-income development in Renton’s Sunset neighborhood
Puget Sound Business Journal: “Giant mixed-use housing project in Renton moves forward”
Solera is the first project to be financed by the Evergreen Impact Housing Fund, an affordable housing collaboration among the Seattle Foundation and five area credit unions.
The Registry: “686-Unit Mixed-Income Solera Project in Renton Breaks Ground”
Solera will have 590 rental units; 275 units will have rental limits to meet the community’s housing affordability needs.