Microsoft
10.05.2023
Heartland is working with Microsoft to implement their $750M Affordable Housing Initiative. The initiative is a multi-year, multipronged effort to create innovative and replicable models to address housing affordability in the Puget Sound region, with a specific emphasis on Eastside markets, and beyond. Heartland is acting as both a strategic advisor as well as providing implementation support, including, but not limited to developer outreach, capital structuring, and opportunity underwriting and negotiation to facilitate the development and preservation of housing for people experiencing homelessness, low-income households (up to 60% of area median income) , middle-income households (60% to 120% of area median income). Since inception in 2019, Microsoft’s investments through this initiative have helped create or preserve over 7,900 units throughout the Puget Sound.
