Shared Commitment to Delivering Quality Affordable Homes
Housing affordability has reached crisis levels across much of the Western US, with rapidly growing cities, such as Seattle, facing a dearth of affordable housing options. This not only impacts the delivery of vital public services as workers are priced out of local areas, it also puts stress on the social fabric of cities and neighborhoods.
Since 2015, we partnered with Vintage Housing to bring together our respective strengths to tackle this challenge together. Vintage Housing has specialized in the development and operation of affordable housing in the Western US for more than 20 years. Through affordable housing tax credits and other state and federal financing resources it offers apartment homes to income-qualified families and active seniors. We invested the time to understand Vintage Housing’s culture and business model and saw them as a natural partner as we expanded into this growing sector.
Fundamental to our success is a shared commitment to delivering quality affordable homes and building communities that enrich residents’ lives, including providing programs such as social support groups, after-school programs, transportation assistance, computer training, and wellness classes.
Our partnership has created more than 6,000 workforce and active senior housing units with approximately 2,600 more under development. With homes reserved for residents that make 50%-60% of the area’s median income, Vintage Housing provide an affordable long-term solution for qualifying working families and active senior citizens, coupled with modern amenities that are a hallmark of our traditional multifamily portfolio.
