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June 27, 2019

Bellwether starts $4.5M crowdfunding initiative

Bellwether Housing has launched what it calls the Building Opportunity Fund, which will use a crowdfunding model to raise $4.5 million to help create 750 affordable units. The initiative was created with local group Tech 4 Housing. Bellwether says it's the first nonprofit to use such a model for housing. CEO Susan Boyd said in a statement, “This fund is not just about raising money, It's about engaging an entire community directly and powerfully in the creation of a more affordable and inclusive region.” The fund apparently isn't targeted toward any one particular project. Tech 4 Housing is an advocacy group founded by Ethan Phelps-Goodman, whose website Seattle in Progress is regularly used and cited by the DJC and other industry annals. The program was launched last week at the Amazon Spheres, and Amazon announced that it will match employee contributions.




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