Affordable Homes, Thriving Communities
Evergreen Impact Housing Fund will help thousands of working families gain access to affordable housing in Washington state.
We are providing affordable homes for decades, impacting generations of families.
Here’s what success will look like for us.
Housing that’s affordable for people in households earning less than 60 percent of local median income.
More than 8,500 people in 3,750 modest-income, working households by 2028.
Investments today deliver new homes in two years and ensure they remain affordable for decades.
EIHF’s projects are funded by Microsoft, a consortium of five credit unions: BECU, Salal Credit Union, Sound Credit Union, Verity Credit Union, and WSECU, and Washington Trust Bank.
Given high demand by developers for this type of financing, we welcome new investors.
EIHF has already invested in five projects that will provide 1100+ units of affordable housing for working families in our region.
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Watershed opened in early 2024 and features two- and three-bedroom units for families. Developed by GMD, Watershed will be located within walking distance of downtown Renton and Rainier Avenue. The property has a total of 145 affordable housing units.
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Copper Way is the second project supported by a consortium of local credit unions. Developed by Inland Group, Copper Way consists of 256 units of multifamily housing and a variety of amenities in Spanaway with easy access to a Bus Rapid Transit Line. Copper Way started welcoming residents in late 2024.
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Astra was EIHF’s first project supported by a consortium of five local credit unions. Developer DevCo completed the project and welcomed residents in early 2025. This mixed-income project is close to public transportation and centrally located in Renton. It consists of 275 multifamily units, 20% of which are set aside for persons with disabilities. In the same complex is the Solera development, which consists of 313 market rate units.
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The Orchard Vista Apartments project is a 240-unit garden-style apartment community, with 70% of the units 2+ bedrooms for families. The development is located from a 10-minute walk to Pence-Cole Valley Transit Center, one of three of Spokane’s primary transit centers. The transit Center has eight different bus routes with express service to downtown Spokane. In addition to the residential buildings, Orchard Vista includes a heated seasonal outdoor pool, a playground, multi-sport court, and a picnic area as well as a WinCo Foods across the street. Orchard Vista is scheduled to open in late 2026.
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Polaris at Totem Lake is in Kirkland near public transit and shopping. Developed by Inland Group with the support of Hopelink and using a variety of funding sources, Polaris will provide 260 affordable housing units and will feature two- and three-bedroom units for families. In addition, it will include 40 units for lower-income families, as well as supportive housing for formerly homeless families. Polaris is scheduled to open in 2026.
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Aries is a property in the Bitter Lake neighborhood of Seattle that features two- and three-bedroom units for families. Developed by the nonprofit Bellwether, there will be 40 units dedicated to persons with disabilities. The project is close to public transit, including a future Sound Transit Light Rail station, and many neighborhood amenities. Aries opened in early 2024.