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.
Renton Report: “Mixed-income housing project breaks ground in Renton Highlands neighborhood”
A new development that aims to transform a block in the Renton Highlands neighborhood broke ground on Aug. 31. The Solera development is a mixed-income apartment community and aims to provide affordable housing options.