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Seattle is facing a major limitation in affordable housing, directly caused by the steady increase of rent prices in several neighborhoods. This issue is resulting the dislocation of former residents of moderate to medium income. The spike in real estate is directly linked to the city's attraction of new residents and general growth.
In order to lessen this burden for Seattle residents searching for a solution, the Bellwether Housing's Seattle Futures Fund invested over $1.8 million into a newly renovated housing project named Parker Apartments. This new project is one step in the right direction for fifty families pushed out of high-cost neighborhoods like Queen Annie, where the new development is located. This intervention also initiated important public attention from the Seattle Foundation that will support additional long-term interventions (e.g. The Seattle Impact Investing Program that focuses on the Puget Sound area).
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Selected Foundation News
A customized collection of news from foundations from around the Web.
Hort Innovation develops venture fund to back startup solutions.Fund was created in partnership with impact investment firm, Artesian, and includes a A$60mn investment through Frontiers.The Hort...more
Fraserburgh entrepreneur celebrated with honorary degree from University of Stirling.Stanley Morrice became an influential figure in both the retail and wholesale sectors.He was recognised for his...more
Highland charities to be offered inspiration to boost income at major Inverness networking event hosted by Social Enterprise Scotland.The Eden Court Theatre meet-up is designed to give leaders of...more
The Creme de la Creme of the local business community gathered for the prestigious Cheshire Business Awards.This year's theme was Hollywood Glamour with special "star guests" including Laurel &...more
Entrepreneurs have appealed to the government to lift the ban on Facebook.They said Facebook is a crucial platform for their online operations.The ban, imposed in 2021, has crippled the livelihoods...more
Jeju United (hereinafter referred to as Jeju club) won the Minister of Employment and Labor Award to boost social enterprise growth.It co-promoted the hosting of the Korea Social Economy Expo in Jeju...more
Foundation: Changemakers
The three-day International Symposium invited over 60 experts, scholars, and business representatives from around the world to delve into how collaborative innovation can address complex social...more
ADB Approves $7.85 million Grant to Help Improve Fiscally Sustainable Growth in Samoa.ADB approves a $200 million loan to upgrade Sri Lanka's power sector infrastructure.Norway announced it will...more
The Adirondack Foundation will award $1000 for up to 30 community events this winter.The Kindling Awards are open to nominations from anybody for a community event that brings people together, and...more
AAACU donates $10K to Bay View Park courts project.The project would replace the old courts with a new tennis, pickleball, and basketball complex, complete with new LED lights.The total cost estimate...more
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Childcare Charitable Group Named Top Social Enterprise
Employers For Childcare Charitable Group (EFCG), a Lisburn-based charity, has been crowned top Social Enterprise at the Ulster Final of 2014’s Ulster Bank Business Achievers Awards. EFCG seeks to “make it easier for parents with dependent children to get into work and to stay in work.”