The Multicultural Child and Family Hope Center (MCFHC) closed financing to take ownership of a former church property near its current home on the edge of Tacoma’s Hilltop neighborhood. Enterprise is very excited to announce that this transaction is our first loan closing through our Washington Early Learning Loan (WELL) Fund.
Cedar Crossing is our Home & Hope ideal with its combination of affordable housing and early learning oriented towards walkable living and transit and the result of extraordinarily productive neighborhood engagement. Here's how it came to be.
Congress included nonprofit organizations under the Small Business Administration Payroll Protection Program. This program provides a 1 percent loan that can be forgiven if certain conditions are met and allows recipients to cover payroll expenses and rent for 2-3 months.
The Bob and Marcia Almquist is a “Housing First” development that will provide 105 units of permanent, supportive housing in a six-story building for chronically homeless, single adults. This project, like most of Plymouth Housing’s portfolio, will include 24 hour on-site staffing and on-site case management for residents.
This unique partnership between Proud Ground, a Community Land Trust, and Habitat for Humanity, will enable families with incomes ranging from 35% to 100% AMI to purchase condominiums that will re-establish roots in an area experiencing a rapid rate of displacement. It is a return home for many Portlanders whose families lived here years ago.
Enterprise Pacific Northwest is closely following state and local resources for affordable housing as they become available. We will be providing regular updates on resources for residents and housing providers on this page, and on social media. You can also follow Enterprise’s list of national resources and federal policy response.
Enterprise worked with the Washington State Housing Finance Commission (WSHFC) to provide priority in the competition for tax-exempt bond financing and 4 percent low income housing tax credit applications, by way of application points. The result was that over half of the projects funded in this round will be including early learning centers.
While the nation focuses on the risk that the deadly coronavirus poses to seniors in nursing homes and cruise ships, there’s another population of extremely vulnerable people that have been largely ignored. Our nation’s subsidized housing is home to almost 2.5 million people age 62 and older with low incomes.
Over the last few days, state and local governments have taken unprecedented measures to protect their residents during the COVID-19 outbreak. Policy makers and elected officials have already proposed and even implemented dozens of measures that place temporary moratoria on evictions and ensure running water and utilities for residents.
On January 31, 2020 over 90 affordable housing and early learning professionals across Oregon state gathered to discuss the benefits and challenges of co-locating early learning centers in or with affordable housing communities.
Interview with Susan Duren from Washington Community Reinvestment Association (WCRA). Learn more about this CDFI and their partnership with Enterprise Pacific Northwest in implementing the WA Early Learning Loan Fund.
The problem of homelessness in the greater Seattle area has reached a crisis level in recent years, that requires ever more creative solutions. The most recent example of innovation in partnership and financing broke ground in Seattle’s Uptown neighborhood, near Seattle Center, on publicly owned land provided at nearly no cost by the city of Seattle (a $1 per year ground lease arrangement).
Craft3 is a regional non-profit CDFI that makes loans to strengthen the economic, ecological and family resilience in Oregon and Washington. Enterprise Pacific Northwest is currently partnering with Craft3 to implement the newly established Early Learning Facilities Fund
Enterprise VP and Pacific Northwest Market Leader M.A. Leonard recently moderated a Housing Washington panel on Emerging Philanthropic Trends in Affordable Housing and spoke at Chicago Title’s Fall Symposium Access on the Home & Hope Initiative.
Enterprise's Pacific Northwest market, Craft3 and Washington Community Reinvestment Association (WCRA) are launching an Early Learning Facilities Fund to support facility predevelopment, to create and develop early learning centers and to update facilities and equipment.
Seattle became the first city under a 2018 state law to transfer surplussed publicly owned lands for the development of affordable homes and allotted $5 million to support community-originated projects through its Equitable Development Initiative.
Staff and faculty at educational institutions are among the scores of people in the Puget Sound region that are struggling to make ends meet on their current salaries, which have not kept up with the rapid rise in housing costs. But Lake Washington Institute of Technology has a plan.
The Yakima Housing Authority recently broke ground on the Veterans Supportive Housing and Service Center, an adaptive reuse of a former Marine Corps armory that will provide 41 affordable apartments with on-site services to homeless veterans.
The City of Tacoma developed its Affordable Housing Action Strategy as an urgent response to growing housing needs among residents. Due to its innovative approaches of using data and conducting wide-reaching community engagement, it recently received Washington Governor Jay Inslee’s 2018 Smart Housing Award.
In high-pressure real estate markets such as Seattle and King County, early learning facilities are often squeezed out, not only exacerbating the crisis, but also causing disruption to what should be a stabilizing presence in the lives of families and for our neighborhoods.
Furthering our Home and Hope goals beyond Washington, Enterprise is having conversations to bring together affordable housing providers and early learning providers, along with government and philanthropic organizations, in Oregon.