Wake up seven days a week with the Cascades Reader. Get local news, event information, podcasts, discounts and more. Sign up now!

Sign up

Microsoft recently revealed it’s pledging $500 million for affordable housing in the Seattle, Wash. area. The company will commit $25 million in grants and subsidies to address homelessness, $250 million to low-income housing developers, and $225 million in below-market rates to workforce housing developers. Microsoft will continue making more loans as the money is repaid.

The affordable housing crunch is bringing out innovators trying to come up with solutions. In many larger U.S. cities, local problems are magnified, so it’s beneficial to look at what others are doing to come up with solutions. Housing trust-type scenarios such as this stand out as being very promising.

This article appears in Jan 30 – Feb 6, 2019.

MAKE LOCAL JOURNALISM HAPPEN

One-time Monthly Annually

One-time

$25

$50

$150

Other Donation amount

$

Monthly

$10

$20

$85

Other Donation amount per month

$

Annually

$120

$500

$1,000

Other Donation amount per year

$

We're stronger together! Become a Source member and help us empower the community through impactful, local news. Your support makes a difference!

Donate Now

Republish This Story

Republish our articles for free, online or in print, under a Creative Commons license.

Close window

Republish this article

This work is licensed under a Creative Commons Attribution-NoDerivatives 4.0 International License.

Microsoft Pledges $500 Million For Seattle Affordable Housing

by Nick Nayne, Principal Broker, The Source - Bend, Oregon
January 30, 2019

<h1>Microsoft Pledges $500 Million For Seattle Affordable Housing</h1> <p class="byline">by Nick Nayne, Principal Broker, The Source - Bend, Oregon <br />January 30, 2019</p> <p> <span class="fdnDropCap">M</span>icrosoft recently revealed it's pledging $500 million for affordable housing in the Seattle, Wash. area. The company will commit $25 million in grants and subsidies to address homelessness, $250 million to low-income housing developers, and $225 million in below-market rates to workforce housing developers. <a href="https://www.microsoft.com/en-us/" target="_blank">Microsoft</a> will continue making more loans as the money is repaid. </p> <figure class="wp-block-image size-full aligncenter aligncenter"><a href="https://www.bendsource.com/wp-content/uploads/2019/01/tmh1-1-e89cc4c0111243d2.webp"><img src="https://www.bendsource.com/wp-content/uploads/2019/01/tmh1-1-e89cc4c0111243d2.webp" alt="" class="wp-image-50796" /></a></figure> <p> The affordable housing crunch is bringing out innovators trying to come up with solutions. In many larger U.S. cities, local problems are magnified, so it's beneficial to look at what others are doing to come up with solutions. Housing trust-type scenarios such as this stand out as being very promising. </p> <p> </p> <p>This &lt;a target=&quot;_blank&quot; href=&quot;https://www.bendsource.com/news/microsoft-pledges-500-million-for-seattle-affordable-housing-9248390/&quot;&gt;article&lt;/a&gt; first appeared on &lt;a target=&quot;_blank&quot; href=&quot;https://www.bendsource.com&quot;&gt;The Source - Bend, Oregon&lt;/a&gt; and is republished here under a &lt;a target=&quot;_blank&quot; href=&quot;https://creativecommons.org/licenses/by-nd/4.0/&quot;&gt;Creative Commons Attribution-NoDerivatives 4.0 International License&lt;/a&gt;.&lt;img src=&quot;https://i0.wp.com/www.bendsource.com/wp-content/uploads/2026/03/cropped-Untitled-design-4.png?resize=150%2C150&amp;amp;ssl=1&quot; style=&quot;width:1em;height:1em;margin-left:10px;&quot;&gt;</p> &lt;img id=&quot;republication-tracker-tool-source&quot; src=&quot;https://www.bendsource.com/?republication-pixel=true&amp;post=50792&quot; style=&quot;width:1px;height:1px;&quot;&gt;&lt;script&gt; PARSELY = { autotrack: false, onload: function() { PARSELY.beacon.trackPageView({ url: &quot;https://www.bendsource.com/news/microsoft-pledges-500-million-for-seattle-affordable-housing-9248390/&quot;, urlref: window.location.href }); } } &lt;/script&gt; &lt;script id=&quot;parsely-cfg&quot; src=&quot;//cdn.parsely.com/keys/bendsource.com/p.js&quot;&gt;&lt;/script&gt;

Copy to Clipboard

1

Trending

Without an Operator, Managed Homeless Camp in Redmond Sits Vacant April 21, 2026Clayton Franke

Six People Treated for Drug Overdoses in 24 HoursApril 20, 2026Peter Madsen

Central Oregon Leaders Press U.S. Highway 97 Safety Projects Amid State’s Transportation Budget WoesApril 20, 2026Clayton Franke

Two Restaurants Close, Two New Restaurants Are Opening in Their PlaceApril 15, 2026Nic Moye