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FinanceIndustry NewsResidential

Seattle Office of Housing Opens $110MM NOFA for Affordable Rental Housing Development

A $110 million NOFA opens Seattle’s second annual levy-funded round under Mayor Wilson, smaller than last year’s record but paired with a second...

Planning and design for architects
AECFeaturedIndustry NewsResidential

Seattle Shelves 80% MHA Fee Cut as Builders Say 30 Stalled Projects and 6,000 Homes Hang in the Balance

A nonprofit coalition’s abrupt reversal killed the summer timeline for Seattle’s proposed two-year Mandatory Housing Affordability fee reduction, stranding a compromise that market-rate...

Process of cutting the red ribbon during the grand opening of a new property.
AECIndustry NewsResidential

SRM and Urban League Cut Ribbon on 207-Home Altaire at Jackson Park in North Seattle

The North Seattle community, backed by Amazon, the Washington State Housing Finance Commission and the Seattle Office of Housing, targets workforce renters earning...

Bellevue Washington Cityscape and Meydenbauer Bay Aerial View
AECFeaturedIndustry NewsResidential

Demolition Underway on Stalled Bellevue Hotel Foundation, Clearing Path for 146-Unit SRM Affordable Project

The teardown ends a nearly six-year stall on a 4.5-acre Mercer Slough-adjacent site and triggers Phase II of an Amazon-backed development designed to...

Apartments with Space Needle in the background
FeaturedFinanceIndustry NewsPortlandResidential

Private Capital Tightens Grip on Washington Multifamily as Pierce County Heats Up

A Berkadia Q1 2026 report shows mid-market investors driving deal flow, institutional buyers retreating to scale plays, and a coming delivery cliff setting...

Fremont Cut, Lake Union Ballard Locks, Salmon Bay, Olympic Mountains
AECIndustry NewsResidential

BRIDGE Housing Opens 84-Unit St. Luke’s Apartments, Bringing First Affordable Housing to Seattle’s Ballard in Over Two Decades

The eight-story community, developed on land owned by the Episcopal Diocese of Olympia, will serve households earning up to 60 percent of Area...

Sunny Cityscape- Downtown Seattle from Highway Interchange South
AECIndustry NewsResidential

Mercy Housing and Lake City Collective Advance Developments Bringing 112 Affordable Units and Multicultural Resilience Center to Seattle

The paired developments — one a first-of-its-kind city partnership co-locating affordable housing atop a public community center, the other a BIPOC-led cultural hub...

Seattle skyline from Lake Union
FinanceIndustry NewsResidential

Hearthstone and Redwood Housing Affiliate Acquires 60-Unit Elizabeth James House in Seattle for $13MM

The HUD-subsidized affordable housing building, restricted to elderly and disabled residents, trades at roughly $216,600 per unit as Seattle accelerates its affordable housing...

Housingn construction worker on the site
AECIndustry NewsResidential

Seattle Church Partnership Breaks Ground on 92-Unit Affordable Housing Development

Mixed-use project marks first use of city’s density bonus program for religious institution land New Hope Community Development Institute and the Low Income...

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FinanceIndustry NewsNews ReleasesResidential

Seattle Mayor Proposes $349MM Affordable Housing Investment, Largest in City History

Despite forecasted deficit, Harrell proposes largest affordable housing investment in City history Seattle – Today, Mayor Bruce Harrell announced that his 2026 proposed...

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AECIndustry NewsNews ReleasesResidential

Community Roots Housing to Host Ribbon Cutting for 62-Unit Affordable Devonshire Apartments in Seattle’s Belltown

SEATTLE–Belltown’s historic Devonshire Apartments will celebrate its reopening following a full scale renovation led by local Public Development Authority Community Roots Housing, which...

Low angle view of a modern style business building, with lots of windows on a sunny, cloudy day
AECIndustry NewsNews ReleasesResidential

Bellwether Housing to Redevelop 164-Unit Kingway Apartments in Seattle into 730-Unit Affordable Housing Community

SEATTLE — Bellwether Housing will redevelop the Kingway Apartments in the Rainier Valley to build 730 new affordable homes on the six-acre lot....

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