Everett, Washington, has taken a leap forward in innovative development this spring with the groundbreaking of HopeWorks Station II, a $30-million, transit-oriented building designed to utilize net-positive energy.
In partnership with Futurewise – and with support from the King County Assessor and funding from the Bill & Melinda Gates Foundation – Enterprise is creating a mapping tool to help stakeholders search for public and tax-exempt sites.
Enterprise has invested more than $4 million in private equity along with $3.9 million in debt financing from the Enterprise Community Loan Fund while partnering with Shelter Resources, Inc. (SRI), to preserve 164 affordable homes in Lacey, Washington.
Loan Fund is among the 25 Community Development Financial Institutions (CDFIs) and 15 nonprofit housing organizations which received a Capital Magnet Fund (CMF) award today from the U.S. Department of the Treasury's CDFI Fund.
Less than three months into 2018, the Washington Legislature has already had an incredibly productive year. Like most states, Washington is experiencing an affordable housing crisis, but this year affordable housing advocates achieved some significant victories that would spur the production of new units, provide more tenant protections, and improve services for the homeless.
A new development, 22 North in Bellingham, Washington, by Opportunity Council will add 40 homes for the homeless, transition aged youth (18-24 years old) and individuals with mental illness. Enterprise will provide $7 million of equity.
Now more than ever, American cities must be self-reliant to create homes and opportunity. But, they need not go it alone. In October 2016, the local housing commissioners from nine of the most expensive cities in the United States came together in Seattle for Enterprise’s High-Cost Cities Housing Forum (HCHF).
Over the course of two days, the HCHF commissioners discussed a wide range of policy issues, from best practices for acquiring and preserving affordable housing, to lessons learned in the implementation of HUD’s Affirmatively Furthering Fair Housing rule, to recent legislative efforts to strengthen and expand the Low-Income Housing Tax Credit.