Accelerating Housing and Education Development on Public and Tax-exempt Land
Led by Enterprise in conjunction with elected officials, public agencies, educators, nonprofits and developers, the Home and Hope project facilitates the development of affordable housing and early childhood education centers on underutilized, tax-exempt sites owned by public agencies and nonprofits in King County, Washington.
As Seattle grows, space for affordable housing and early childhood education centers is becoming scarce. Public and tax-exempt lands can increase the supply of developable space and provide a useful avenue for overcoming issues in the development process.
- Produce an inventory of potentially developable public and tax-exempt properties.
- Analyze properties for their suitability for affordable housing and early learning centers.
- Organize community partners and build their capacity to develop the sites, as well as coordinate the necessary negotiations among partners and public owners.
- Secure additional public and philanthropic funds to realize the full potential of these sites, as well as the potential in the surrounding neighborhood.
- Facilitate collaboration and co-development between affordable housing and early learning centers.
- Catalyze the redevelopment of 10 sites within King County to create approximately 1500 affordable homes and 8 preschool sites.
Home & Hope will:
- Help create replicable models for financing and developing ground-floor spaces that incorporate early-learning facilities.
- Help create longstanding examples for better- aligned strategies among public agencies and non- profits to enable future partnerships.
- Pilot creative approaches to leverage and make better use of urban land resources to achieve maximum community benefits.
Home & Hope is generously supported by the Bill & Melinda Gates Foundation and the City of Seattle.