BRIDGE Housing Launches Private Equity Fund Aimed at Investing $1 Billion to Acquire and Create Affordable and Workforce Housing on the West Coast
BRIDGE Housing, the leading nonprofit affordable housing owner and developer on the West Coast, has launched its first private equity fund to accelerate its mission-driven work to address the affordability crisis for low- and moderate-income families in some of the nation’s costliest housing markets.
Acquisition of 340-Unit Housing Community in Portland Metro Area Preserves Low-Income Apartments Before Affordability Restrictions Expire
BRIDGE Housing has acquired an affordable housing community outside of Beaverton, Oregon, preserving 340 apartments that soon face a potential transition to market-rate rents as low-income housing for the long term.
BRIDGE Housing Continues to Earn Strong S&P Credit Rating
Citing BRIDGE Housing’s “extremely strong management” that is forging ahead with a mission-supporting strategic plan, S&P Global Ratings has reaffirmed its AA- credit rating for the nonprofit housing developer.
BRIDGE Housing Receives $1 Million Grant, its Second Major Gift in Recent Weeks
BRIDGE Housing – a leading nonprofit developer, owner, and manager of affordable housing for 40 years – announced today it has received a $1 million donation from the Orkney Trust, BRIDGE’s second major philanthropic gift in recent weeks.
BRIDGE Housing Awarded $8 Million Grant from Philanthropist MacKenzie Scott
BRIDGE Housing, a leading nonprofit developer, owner, and manager of affordable housing, announced today it has been awarded an $8 million donation from MacKenzie Scott’s philanthropic organization, Yield Giving.
BRIDGE Housing Acquires Multifamily Community in Bay Area Community of Daly City, Accelerating Its Strategy to Preserve Affordable Housing on West Coast
BRIDGE Housing, a leading nonprofit developer, owner, and manager of affordable housing for 40 years, has expanded its efforts to address increasingly unaffordable rents in the Bay Area with the acquisition of a multifamily housing community in Daly City. This is the third acquisition of a mixed-income community by BRIDGE in San Mateo County.
BRIDGE Housing Secures $250 Million Affordable Housing Commitment From Morgan Stanley, National Equity Fund
BRIDGE Housing secured a $250M set-aside for project-level financing from Morgan Stanley and National Equity Fund (NEF) under a program that promotes affordable and workforce housing. This allocation serves as evidence of the shared commitment and mission of all parties to preserve affordable housing for low- and middle-income residents, while allowing BRIDGE to efficiently expand its scope and responsiveness to housing needs and opportunities.
