Multifamily news in Affordable Housing - Seattle
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SLI Breaks Ground on Sustainable Seattle High-Rise
The 15-story development will be the world’s first multifamily tower to meet net-zero energy requirements.
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TWG to Develop 2 Affordable Properties in Seattle
These communities represent the firm's first fully affordable housing developments in the market.
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NorthMarq Arranges $70M JV Equity for Seattle Projects
The funds will go towards two opportunity zone developments totaling 556 units of affordable and workforce housing.
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Developers Land $58M for Seattle’s First Affordable High-Rise
Plymouth Housing and Bellwether Housing are working together on the 365-unit project slated for completion in 2022.
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Mill Creek Sells Seattle Luxury Community for $125M
The 288-unit deal marks the second-largest multifamily transaction to close in the metro this year.
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Seattle’s Micro-Housing Movement: A Developer’s Take
Housing Diversity Corp.’s Brad Padden makes the case for small-footprint apartments to accommodate the pressing demand for more affordable housing options closer to the city center.
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Top 5 Seattle Submarkets for Development by Number of Units
Seattle’s top five submarkets by development volume accounted for nearly half of the metro’s pipeline, which was in excess of 22,000 units in March.
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Compass Health Breaks Ground on $26M Regional Center
The first phase of the Broadway Campus redevelopment project in Everett, Wash., will provide behavioral health care, primary health care and permanent supportive housing services.
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Turner Impact Makes 1st Pacific Northwest Foray
The move is part of the company’s strategy to acquire $2 billion of assets nationwide through its investment funds.
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Upzoning: Building More to Rent for Less
A few U.S. cities are overhauling zoning rules to increase density and expand the supply of affordable housing. It might take years, however, to find out if significant improvements were made.
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Magma Equities Debuts Seattle-Area Community
The firm has completed a 52-unit condo community designed for entry-level buyers. The project is Seattle’s first condo conversion in more than a decade.
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Seattle Modular Building Gets $13M Refi
CBRE secured the 10-year loan for Cubix North Apartments, a 108-unit affordable community in the northern part of the metro. Parkstone Properties owns the project.
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Microsoft Commits $500M to Affordable Housing in Seattle
The software giant proposes a combination of loans and grants to help expand the Puget Sound region’s inventory of affordable housing.
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2 Affordable WA Assets Land Acquisition Loans
Hunt Real Estate Capital has secured $5.5 million in funding for Colvos Terrace and Street Fawcett, two communities in Tacoma totaling 87 units.
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Local Developer Adds 70 Units to Seattle Affordable Housing Supply
Lake City’s former Fire Station 39 site has been revitalized as an apartment building dedicated to low-income individuals and families. Rents range from $526 to $1,353.