上海夜网 未分类 Seattle Affordable Housing

Seattle Affordable Housing

Inside the nonprofit investment fund shaping Seattle RE Contributors to the $10.2M fund include some of Amazon’s early investors

(Credit from back: Pixabay; RM Media Ltd, Alpha Stock Images, Nick Youngson, CC BY-SA 3.0)

A nonprofit-owned investment fund, Forterra, is becoming a major player in shaping how Seattle real estate is carved up and developed.

The $10.25 million fund with its 2 percent returns b阿拉爱上海同城

爱上海龙凤419桑拿
uys properties that are then developed into affordable h上海千花网龙凤论坛

上海千花社区
ousing or business and recreation spaces by partners ranging from nonprofit developers to community groups. Recently, according to the Wall Street Journal, the fund has poured $3.8 million into three affordable housing projects that will include a retail component.

Many of Forterra s investors come from the tech industry, which is w上海龙凤论坛

新上海贵族宝贝论坛
idely-recognized for causing the gentrification and displacement that the nonprofit fund is trying to defend against. Its investors include venture capitalists who were among the earliest to bet on Amazon, Tom Alberg and Nick Hanauer.

“There has been a shift among investors, and particularly folks who have done well in this region, to recognizing that they can redirect the money they’ve made in the last decade i爱上海同城手机版

新爱上海同城对对碰论坛
nto actually improving this region,” said Forterra president Gene Duvernoy to the Journal. [WSJ] Erin Hudson

Tags: affordable housing, a爱上海同城论坛

爱上海同城
mazon, Real Estate Finance
We are having some technical difficulties. Try again later.

By clicking Subscribe you agree to our Privacy Policy.

Tags:

Leave a Reply

Your email address will not be published. Required fields are marked *