Preserving 68 Units of Affordable Micro Housing in Seattle
Clearinghouse CDFI provided $4.4 million in financing to preserve 68 units of affordable micro housing in Seattle in the Capitol Hill neighborhood. The community includes compact apartments well-suited to city living. Each unit features a private sleeping area with its own bath and access to a shared kitchen and laundry area. These homes provide a critically needed, affordable living option conducive to privacy and independence, while also supporting a strong sense of community for residents.
Long-Term Affordability and Sustainable Growth
This project allows residents to remain in place in a neighborhood where housing costs continue to climb. Clearinghouse CDFI’s loan supports tenant stability in a dense urban area through long-term preservation of the property itself, as well as its affordable nature. The building’s footprint also reflects Seattle’s focus on thoughtful growth and responsible land use. All units are designated affordable for households earning up to 60% of area median income (AMI), including 38 reserved for very low-income (31%–50 % AMI) and 19 for extremely low-income (≤ 30% AMI) residents.
Advancing Micro Housing in Seattle and Beyond
Micro-housing supports sustainable development by reducing energy use and making efficient use of existing infrastructure—principles emphasized by the U.S. Department of Energy and the Urban Land Institute. Across the country, affordable housing plays a central role in community stability. Research from the Harvard Joint Center for Housing Studies shows that nearly half of U.S. renter households spend more than 30% of their income on housing, underscoring the importance of preserving affordable micro housing in Seattle and other growing metropolitan areas.
Ongoing Impact
Clearinghouse CDFI continues to expand access to affordable housing nationwide. The 1806 23rd Partners project adds to that work by preserving attainable homes in a fast-growing city and demonstrating the long-term value of steady, community-based investment.
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