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BELLWETHER LOGO  Rose Street  Mother and Son Cambridge Apts
Autumn 2015 Newsletter DonateNowButton2 2

In this issue:
 

The Faces of Bellwether: Justin was raised by his grandmother from the age of six, in Tuscaloosa, Alabama. In 2011, a tornado destroyed much of his town – including his grandmother’s home. Read more.

Bellwether's Impact Investment Funding Exceeds Goal: A new approach to funding affordable housing in Seattle is proving successful. Read more.

Closer to Home Breakfast a Success! With your help we raised nearly $140,000 at our 5th annual fundraising event, our most successful breakfast to date. Read more.

Sacred Land | Common Ground ForumExamples of how faith communities have leveraged their assets to create permanent affordable housing was the focus of last weekend’s forum. Read more.

Giving Tuesday is December 2nd: Have you heard about Giving Tuesday? This is a day of giving dedicated to giving back. Read more.

Update from Doug: After now being on the job five months I more fully appreciate the work that this great organization does every day in making our community a more diverse, compassionate place for everyone of all income levels to live, work and raise a family. Read more.



The Faces of Bellwether


Justin

Justin Cody Hewitt, Former Bellwether Resident

Justin was raised by his grandmother from the age of six, in Tuscaloosa, Alabama. In 2011, a tornado destroyed much of his town – including his grandmother’s home.
 
Justin was unemployed at the time and decided to volunteer with the American Red Cross. The Red Cross took notice and offered him a job with the Red Cross in Olympia, WA. He jumped at the chance to move out west. With little notice he was transferred to Seattle - with only two weeks to find an apartment – and it worked out. Justin moved into The Cambridge Apartments. He shared that “it was the first time on my own - I had always had my grandma or the Red Cross – [when volunteering] – for support before. Cambridge was a positive experience.” Justin continued: “I wanted to live alone, in the city and The Cambridge made it easy. I’m a public transportation person. I could walk around the corner to grab a sandwich, and was close to everything [by bus]. It was really nice.”
 
Justin recently got promoted and is now Regional Disaster Workforce Program Support Manager. He has since moved on and lives in the Columbia City neighborhood. He misses the location and convenience of The Cambridge and shared that – although no longer downtown - still enjoys living in Seattle and being part of the Red Cross family. ”I believe that if you work hard and take opportunities – you’ll be fine.” Living at Bellwether reinforced this belief.


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


Bellwether’s Impact Investment Funding Exceeds Goal


The Parker

The Parker Apartments

A new approach to funding affordable housing in Seattle is proving successful, and indicates a powerful new trend in philanthropy. Bellwether exceeded the $1.8 million goal for their first impact investment offering to support the critical need for affordable housing in Seattle. This collaboration brought together socially-minded impact investors, who invested in this model and will receive a two-percent return on their money, as well as the return of principal in the future. The capital raised from this first offering completed funding for purchase and renovation of the recently opened, 50-unit Parker Apartments in the Queen Anne neighborhood. Of the $1.8 million raised, 20% came through The Seattle Foundation from its donors. Thanks to the success of this model, Bellwether plans to offer another opportunity for investment in the future.

Want to learn more? Take a look at Puget Sound Business Journal’s
recent story. Or, contact Tory Laughlin Taylor.


Closer to Home Breakfast a Success!


CTH logo
 

Thank you! With your help we raised nearly $140,000 at our 5th annual fundraising event, our most successful breakfast to date. Your contributions will support our work to create affordable housing in Seattle - and throughout Washington - and will help us provide affordable place to live for those who in need.
 
This year’s guests enjoyed a panel discussion that featured present and past residents who focused on what it means to have an affordable place to live. Marc Stiles, staff reporter for Puget Sound Business Journal facilitated the discussion. Attendees also watched
this inspirational film which included interviews with two current residents. The film expanded on their stories and highlighted the need for all of us to be a part of the housing crisis solution. 
 
We are already planning for next year’s event. Please contact Outreach & Communications Manager
Julie Lombardo to learn more about sponsorship opportunities and how you can be involved. 


Sacred Land | Common Ground Forum


Sacred Land Common Ground web tile

Examples of how faith communities have leveraged their assets to create permanent affordable housing was the focus of last weekend’s forum, Sacred Land | Common Ground. This event - a joint effort of Bellwether Housing and Seattle University’s School of Theology and Ministry - took place on Sunday, October 18th and brought together leaders within the faith community and affordable housing providers  to discuss the technical, financial, and political challenges of creating high quality affordable housing, and dedicate the power of their shared mission to keep our region a place of opportunity for all people, regardless of income. All those in attendance left the forum inspired and filled with ideas about how to make affordable housing a reality within their communities. You can learn more about the forum here. And you can watch some media coverage here.
 
The forum was made possible by a generous grant from Impact Capital. 



Giving Tuesday is December 2nd
Giving Tuesday

Have you heard about Giving Tuesday? This is a day of giving dedicated to giving back. It’s scheduled for the first Tuesday after the launch of the holiday season and has one purpose only: to celebrate generosity through giving, with less emphasis on spending.  Whether you are new to Giving Tuesday or a veteran supporter, please consider a gift to Bellwether. Together we can build on the momentum that this day brings and help more people live affordably. We welcome your participation! Mark your calendars to give on December 2nd for Giving Tuesday



Update from Doug 
 
Doug Daley

Doug Daley

After now being on the job five months I more fully appreciate the work that this great organization does every day in making our community a more diverse, compassionate place for everyone of all income levels to live, work and raise a family. This is an exciting time to enter the affordable housing industry but at the same time one of the more challenging. Our strong and growing economy has created an even greater housing affordability challenge as rents continue to soar. At the same time, our City leaders have embraced this challenge in pushing forward one of the most comprehensive housing affordability plans in our City’s history. The Housing Affordability and Livability Agenda (HALA) and its recommendations will make this City a national model for addressing the housing affordability crisis we now face. As a leader in the affordable housing industry, Bellwether has fully embraced and supported these initiatives and we will continue to advocate for implementation of these recommendations so that Bellwether can play an even larger role in meeting the challenges of housing affordability in our community.  

This past summer we successfully closed our first impact investment which brought together socially minded investors to support affordable housing in the North Queen Anne neighborhood. We look forward to doing more of this in future and evaluating other new and creative ways to attract more private capital into the affordable housing industry. We will also continue to expand our development consulting work with other nonprofits and faith communities to help them fulfill their housing missions. With your support we can all make a difference and create vibrant and healthy communities we are all proud to call home. 


Thanks for your support. 

Doug Daley
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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