Project Completed Scope of Work Total Cost Funding Sources
Sunset House Apartments 2519 First Ave. Belltown
2012 Acquisition, renovation and preservation of Section 8 housing of 82 units for low-income seniors and people with disabilities.
Renovations included common areas and units.
$15,500,000 9% tax credit investor City of Seattle OH
Rose Street Apartments 8124 Rainier Ave S Rainier Valley 2011 New construction of 71 one- and two-bedroom units of housing for low-income individuals and families in 4 stories with some ground-floor commercial space.
$19,700,000 Tax Exempt Bond Debt 4% tax credit investors WSHFC Bond Equity City of Seattle OH State of WA CTED Capital Campaign
Canaday House 424 Minor Ave N Cascade 2010 New construction of 83 studio units of housing for chronically homeless men and women. Bellwether provided development finance consulting to the owner and manager, Downtown Emergency Service Center.
$16,600,000 9% tax credit investor City of Seattle OH King County HUD EDI Grant State of WA HTF
Meridian Manor 1345 Meridian Ave N Northgate
2009 Acquisition, renovation and preservation of Section 8 housing of 109 units for low-income seniors. Renovations included common areas and units.
$17,500,000 Tax Exempt Bond Debt 4% tax credit investors City of Seattle OH
Ozanam House 801 9th Avenue First Hill
2009 New construction of 56 efficiency units for homeless senior men. Bellwether provided development services for Archdiocese Housing Authority, which owns and manages the building.
$11,000,000 9% tax credit investors City of Seattle OH State of WA CTED Holden Family Housing 2429 SW Holden St West Seattle 2009 New construction of 26 two- and three-bedroom units with services for formerly homeless families. Bellwether provided development services for Archdiocese Housing Authority, which owns and
$7,000,000 9% tax credit investors City of Seattle OH King County 2060 State of WA CTED Sound Families
Kenyon House 3936 S Kenyon St Rainier Valley
2008 New construction of 18 studio units for people living with HIV/AIDS and/or chronic mental illness. Bellwether provided development services. Seattle Mental Health owns and manages the building.
$4,500,000 9% tax credit investors City of Seattle OH State of WA CTED Capital Campaign HOPWA
Urban League Apartments at
Colman School 2300 South Massachusetts St North Rainier
2007 Rehabilitation/reuse of the historic Colman School into 36 units of housing for low-income individuals over museum space. Bellwether provided development services for the Urban League, which owns and manages the residential portion of the building.
$20,700,000 9% tax credit investors Tax-exempt debt City of Seattle OH State HTF Capitol Campaign King County Jump Start
Stone Way Apartments 2501 N 45th Wallingford
2006 New construction of 70 one-, two-, and three-bedroom units of housing for low and very-low income individuals and families in 4-stories over ground-floor commercial space.
$18,000,000 Bank loan
4% tax credit investors City of Seattle OH SHA Holly Park
Replacement Housing State of WA CTED King County HIPDD
Genesee Housing MLK Way S Rainier Valley
2006 New construction of 50 units of housing for very low income individuals and families with
developmental and physical disabilities including HIV/AIDS. Part of Seattle Housing Authority redevelopment of Rainier Vista.
$9,800,000 Bank loan HUD 811
4% tax credit investors HOPWA
City of Seattle OH Federal Home Loan Bank AHW Capital Campaign Sound Families King County HIPDD State of WA CTED Judkins Park Apartments 23rd Ave S Central Area 2004 New construction of 16 units of two- and three-bedroom flats and townhomes in the Judkins Park neighborhood for families earning between 30% and 60% of AMI. Bellwether collaborated with AIDS Housing of Washington on this project.
$3,800,000 Bank loan
9% tax credit investors HOPWA
City of Seattle OH Sound Families SHA – Holly Park Replacement Housing Morrison Hotel 409 Third Ave Pioneer Square 2004 (Phase I) 2005 (Phase II)
Substantial renovation and historic preservation of 190 studios, 100 bed shelter and 11,000 sq ft of commercial space. Bellwether provided development services for Downtown Emergency Service Center, which owns and manages the building.
$26,500,000 Bank loan
9% tax credit investors City of Seattle OH State of WA CTED Capital Campaign King County HOF HOPWA
YWCA Opportunity Place
2026 Third Ave Belltown
2003 New construction of 145 studio & one-bedroom units, and three floors of administrative, educational, case management and commercial space. Bellwether provided financial consulting services for the YWCA, which owns and manages the building.
$29,900,000 Tax Exempt Bond Debt 4% tax credit investors City of Seattle Housing
Bonus State of WA CTED Capital Campaign King County HOF
The Gilmore 1530 Third Ave Downtown Seattle
2003 Partial demolition, renovation, and new construction of 65 studio, one and two bedroom units over 8,000 sq ft of commercial space.
$13,700,000 Tax Exempt Bond Debt 4% tax credit investors Bank loan
City of Seattle Housing Bonus State of WA CTED Stewart Court 8th at Stewart Denny Triangle 2002 New Construction of 65 studios and one bedroom apartments affordable at 50% to 60% of median income and 7,000 sq ft of commercial space and 96 parking spaces.
$13,200,000 Tax Exempt Bond Debt Bank loan
4% tax credit investors City of Seattle Housing
Bonus
Admiral Housing 42nd Ave SW Admiral, West Seattle
2000 New construction of 15 studio units of housing for chronically mentally ill homeless adults for Harborview Mental Health Services.
$1,600,000 HUD Section 811 King County HOF Federal Home Loan Bank Capital Campaign
Security House 2225 Fourth Ave Belltown
1999 Acquisition, renovation and preservation of Section 8 housing of 107 units for low-income seniors and 15,000 sq ft of office and retail space. Renovations included new roof, windows, common areas and elevator
improvements.
$14,500,000 Tax Exempt Bond Debt 4% tax credit investors City of Seattle OH State of WA CTED Casa Pacifica 1167 N Republican Cascade 1998 New construction of 65 units of mixed-income housing, including 10,000 sq ft of commercial space
$6,002,000 Tax Exempt Bond Debt 4% tax credit investors City of Seattle OH Other
Tate Mason House 1100 Minor Avenue First Hill
1998 New construction of 97 units for residents 55 years of age and over. Land donated by Virginia Mason Hospital with shared parking agreement.
$8,760,000 Tax Exempt Bond Debt 4% tax credit investors Convention Center
Replacement Housing
Kerner Scott House 510 Minor Ave N Cascade
1997 New construction of 40 studio units of housing for chronically mentally ill homeless adults for Downtown Emergency Service Center.
$4,197,000 HUD Section 811 WA State HFU King County HOF City of Seattle OH Federal Home Loan Bank
Eagles Housing 706 Union Street Downtown Seattle
1996 Restoration of historic landmark in joint development with ACT Theatre including 44 studios and one-bedroom apartments and three new performance theatres.
$3,200,000 Bank loan
9% tax credit investors HRG loan TDR Mercer Court 527 12th Ave E Capitol Hill 1996 New construction of 24 one- to three- bedroom apartments and 31 parking spaces.
$2,270,000 Tax Exempt Bond Debt 4% tax credit investors City of Seattle OH
Bellevue & Olive 1651 Bellevue Ave Capitol Hill
1995 New construction of 48 studio to three-bedroom apartments using energy efficient design and recycled building material with 6,750 sq ft of commercial space and parking.
$5,426,000 Bank loan
9% tax credit investors City of Seattle OH WA State HFU Cascade Court 1201 Summit Ave First Hill 1994 New construction of 100 units providing studios to three-bedroom apartments and 138 underground parking spaces. Land partially donated by Priscilla Collins.
$8,132,500 Bank loan
9% tax credit investors State of WA CTED Other
Heg/Phillips House 711 East Union First Hill
1994 Rehabilitation of this 1902 home into 11 studio & one-bedroom units. Bellwether manages these units under contract with owner, Historic Seattle PDA.
$1,400,000 Owned by Historic Seattle, PDA Union Hotel 204 Third Ave S Pioneer Square 1994 Rehabilitation of an historic hotel into 52 units of permanent housing for formerly homeless adults for Downtown Emergency Service Center. Includes 1,650 sq ft of commercial space.
$3,525,000 Bank loan
9% tax credit investors State of WA CTED Family Housing: Juneau Townhouses 3801 S Juneau Rainier Valley Pardee Townhouses 1630 14th Ave Capitol Hill 1994 1993 New construction of 10 townhouses and apartments for larger families - 8 three-bedroom units and 2 two-bedroom units.
New construction of 8 three- and four-bedroom townhouses and renovation of an existing single family home into a five-bedroom townhouse.
$2,413,000
(combined) Bank loan 9% tax credit investors State of WA CTED HRG loan Graham/Terry Apartments 2014 Terry Ave Denny Triangle 1993 New construction of 107 units and a 24-car garage with additional surface parking. Gut rehabilitation of 14 units.
$6,600,000 Bank loan
9% tax credit investors Convention Center Replacement Housing State of WA CTED TDR Victorian Row 1234 King Chinatown -International District
1993 Rehabilitation of homes into studios to three-bedroom units. Bellwether manages these 14 units under contract with owner, Historic Seattle, PDA. These pre-1900 apartments are listed as a City of Seattle Landmark.
$1,000,000 Owned by Historic Seattle, PDA
Bel/Boy 1411 Boylston First Hill
1990 Rehabilitation of six turn-of-the-century (1893-1902) homes into 47 single room occupancy units. Bellwether manages these units under contract with owner, Historic Seattle, PDA. $ 2,000,000 Owned by Historic Seattle, PDA The Cambridge 903 Union Street First Hill 1990 and 2001 Restoration of 152 studio apartments and common areas. Acquired from Seattle Housing Authority in 2001.
$4,800,000 Tax Exempt Bond Debt State of WA CTED City of Seattle OH Oregon Hotel 2305 First Avenue Belltown 1990 Complete renovation of the former Oregon Hotel and new construction on adjacent parcel producing 83 studio units with 3,628 sq ft of retail space.
$4,050,000 Bank loan
9% tax credit investors Convention Center Replacement Housing Kingway 5900 37th Ave S Rainier Valley 1989 and 1998 Renovation of 165 units in a garden-style complex including interior renovations, new roofs, security improvements, courtyard, laundry and entryway.
$5,000,000 501(c)3 bond State of WA CTED Boeing Fund King 5 TV
United Way volunteers
John Winthrop 1020 Seneca Street First Hill 1989 and 1994 Rehabilitation of 79 studio units located in a 1924 brick apartment building.
$2,416,000 501(c)3 bond Convention Center Replacement Housing HRG loan Other sources Vine Court 103 Vine Street Belltown 1987 New Construction of 54 studio and alcove units and 3,000 sq ft retail space.
$2,300,000 Bank loan
9% tax credit investors Convention Center Replacement Housing City of Seattle DHHS
Annapolis 1531 Belmont Ave Capitol Hill
1987 Renovation of 23 units and window and major systems replacements. This 1901 brick building includes 1,025 sq ft of retail space.
$1,042,000 Bank loan
9% tax credit investors City of Seattle OH HRG loan Adams 304 Bell Street Belltown 1986 Rehabilitation of 22 units including major systems upgrades and replacements upgraded this 1916 brick building.
$927,000 Tax exempt loan City of Seattle OH Investor HRG loan TDR Sterling Court 1722 Belmont Ave Capitol Hill 1984 and 1994 Rehabilitation of 10 studio units for residents with up to 45% of median income followed later by a full rehabilitation.
$250,000 Tax credit investors Bank loan Olive Tower 1624 Boren Ave Downtown Seattle 1984 and 1994 Rehabilitation of 86 studio apartments in a 1928 downtown high rise apartment building, including replacement windows and major systems. $2,458,000 Bank loan City of Seattle OH Convention Center Replacement Housing TDR
