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BELLWETHER LOGO  Rose Street  Mother and Son Cambridge Apts
June 2015 Newsletter DonateNowButton2 2
In this issue:

The Faces of Bellwether: 
Mike lived in Seattle’s Denny Triangle neighborhood for several years until his landlord increased his rent beyond what was comfortable. 
Read more.

Mark Your Calendar: Our fifth annual Closer to Home breakfast is coming up! Read more.

A Warm Welcome to Doug: We’re pleased to announce Doug Daley as our new executive director. Read more.

Celebration at The Parker Apartments: We celebrated the renovation of The Parker Apartments on May 21st. Read more.

Update from Sarah: I’m about to start new adventures and make way for new leader-ship. Read More.
 

The Faces of Bellwether

Mike Chang

Mike Chang, Bellwether Resident

Mike lived in Seattle’s Denny Triangle neighborhood for several years until his landlord increased his rent beyond what was comfortable. A friend mentioned Bellwether Housing and soon Mike found himself living in The Parker Apartments – our most recent acquisition and our first on Queen Anne.
 
Mike enjoys the new neighborhood. He gets to work and school with ease thanks to nearby transit and is able to take advantage of all the neighborhood has to offer.
 
Mike didn’t hesitate when asked what it meant to have an affordable place to live, “it means peace of mind and that I can afford other things in life, not just rent.”

 
Your support changes lives. To find out how you can help more people like Mike, visit Bellwether Housing.


Mark Your Calendar

CTH logo
Fundraising Breakfast
Thursday, October 8th, 2015
7:30am networking and registration
8:00 – 9:00am program
Samuel & Althea Stroum Grand Lobby, Benaroya Hall
 
Our fifth annual Closer to Home breakfast is coming up! This year’s event will feature a panel of current and former Bellwether residents who will discuss what affordable rents have meant to them. Come expecting something different and inspiring. Join us and show your support of Bellwether’s efforts to help ensure brighter futures for low-income residents, all of whom need an affordable place to call home.
 
Please contact Outreach & Communications Manager
Julie Lombardo to learn more about sponsorship opportunities and how you can be involved. 

A Warm Welcome to Doug

Doug Daley


Bellwether's new executive director,Doug Daley

We’re pleased to announce Doug Daley as our new executive director. Doug officially started on June 15th, replacing Sarah Rick Lewontin, who will retire on June 30th.
 
Doug’s professional experience includes more than ten years at Harbor Properties - now known as Mack Urban - including eight years as CEO.  Prior to his time at Harbor, he was the chief financial officer at Trammel Crow Residential West Coast Group. Doug also served as the regional manager responsible for commercial real estate lending at Wells Fargo Bank. Doug has also been a member of the Bellwether board since 2010, and served as board chair in 2013 and 2014.

“I am excited about this opportunity at a time when there’s a confluence of socially-minded investors who want to make a difference by supporting housing affordability in their community,” said Doug. “I am honored to be a part of this organization.”

You can learn more about Doug’s background
here. Welcome, Doug! 


Celebration at The Parker Apartments


The Parker Celebration

Resident Jessie Welker talks about the benefits of living at The Parker
 
We celebrated the renovation of The Parker Apartments on May 21st. Mayor Ed Murray attended and spoke about Seattle’s need for more affordable places to live, his goal to add 20,000 more affordable homes throughout the city, and how The Parker is part of this solution.

The building is located in Seattle’s Queen Anne neighborhood  where moderate-income workers and families are being priced out.These apartments address that challenge by charging rent affordable to people who earn up to 60% of the area median income (from $37,680 for one person to $48,420 for a family of three) - rents that are about half of the average market rate for Seattle today.

With The Parker Apartments, we introduced a novel approach to funding our developments. This project is being funded in part through an impact investment initiative – an innovative program that makes affordable housing feasible by bringing the last dollars of needed capital to development projects. Through the program, community-minded investors come into partnership with us by investing in affordable housing for a very modest return, ultimately expanding the supply of affordable housing for the community’s lower income workforce. 
Want to learn more? Contact Tory Laughlin Taylor
.
 


Update from Sarah 

 
SRL with David CTH 2014 CROPPED


Hard to believe that after working here at SHRG/Housing Resources Group/Bellwether Housing for more than twenty years – eleven of those as Executive Director – I’m about to start new adventures and make way for new leadership. During my years here (I started in 1994) the team has helped countless people live affordably and stably in Seattle and throughout Washington, doubled the number of affordable apartments in our portfolio, helped pass three Seattle Housing Levies, changed our name (twice!), merged with Common Ground, celebrated numerous milestones, been recognized as one of the 100 Best Companies to Work For in Washington… the list of this team’s accomplishments is too long to fit here.
 
Affordable housing is my second career, and while I appreciate the friends I made and all that I learned during the first one, this one has always been more satisfying. To know that what we do at Bellwether has an impact on people’s lives, to work for a cause I believe is crucial to our communities’ success, to be able to bring my whole self to work every day, and to work with the smartest, funniest, most committed professionals – I’ve been given so much. And I’m grateful to all of you who have supported our work, through your time, your relationships and your donations.
 
Now it’s time to pass the baton – many of the housing affordability challenges are the same as or greater than they were in 1994, and it will take energy and perseverance to find new resources and build new alliances. It’s good to know I leave this organization, the affordable housing profession, and this community in excellent hands.
 
 
Carry on!

Sarah Rick Lewontin
Outgoing Executive Director
Bellwether Housing

     
 
Bellwether Housing is a 501(C)3 nonprofit organization, tax ID 91-1116960. All contributions are  tax deductible to the extent of the law.

1651 Bellevue Ave, Seattle, WA  98122     206.623.0506    bellwetherhousing.org
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1651 Bellevue Avenue
Seattle, Washington 98122
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