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March 12, 2026

Bridge reaches $90M benchmark

By JOURNAL STAFF

Photo via Walsh Construction [enlarge]
CopperLeaf

Based in the Bay Area, Bridge Housing is very active in the affordable-housing sector up here. (One example? The 235-unit CopperLeaf, which opened at Northgate Station in December.)

Last fall Bridge announced a capital campaign projected to raise $350 million. This week it said it has reached a $90 million milestone. When the fund closes, that should enable it to leverage up to $1 billion to both develop and preserve affordable units all along the West Coast. Contributing to the fund thus far have been KeyBank, BMO, Capital One, U.S. Bank, Century Housing and PGIM.

Bridge plans this year to acquire some 20 properties with around 3,500 units. CEO Ken Lombard said in the announcement, “By pairing institutional capital with Bridge's own balance sheet, we are working alongside our partners to preserve long-term affordability and expand housing opportunities in some of the nation's most challenging markets.”




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