Housing Diversity Corporation

Please join us on February 6, 2024, as we break ground at 7324 MLK Jr. Way S, and a longstanding patch of dirt undergoes its initial transformation into 271 homes for the Othello neighborhood. This event will feature remarks from some of our stakeholders who played vital roles in the project, including?Amazon?Housing Equity Fund,?Allivate Impact Capital, and?CEI-Boulos Capital Management, and?OZ Navigator?followed by a groundbreaking and a lunch. RSVP here:?https://lnkd.in/g95xHiiB #CommunityTransformation?#OthelloNeighborhood?#AffordableHousing?#BreakingGround?#HousingEquity?#InvestingInOurCommunity

Yesterday marked the grand opening of Liv DTLA, Los Angeles County's largest master-leased housing development. This project represents a powerful collaboration between Arctaris Impact Investors and Housing Diversity Corporation to address LA's critical housing needs. This project exemplifies what's possible when mission-driven capital partners with experienced developers and public and nonprofit organizations, to create lasting community impact. Congratulations to everyone who helped make this vision a reality! #AffordableHousing #LosAngeles #CommunityDevelopment #SocialImpact Learn more about this transformative project here:

As housing prices in Toronto soar, residents are turning to garden suites in their backyards to create affordable living spaces. With home prices peaking at $920,000 in 2022, the demand for solutions like these highlights the urgency for high-density, affordable housing in urban areas. The trend reflects the strain of an 800,000-person influx into the region, underscoring the critical need for sustainable housing in high-traffic areas. #housingcrisis #lahousing #seattlehousing

Washington state's recent shift in migration patterns highlights a growing trend that could benefit urban density and housing initiatives. While there has been a decline in people moving from other U.S. states, particularly California, the state has seen a significant increase in international migration, especially from countries outside of Canada. As more people from diverse backgrounds make Washington their home, the demand for housing in urban areas, including those close to high-traffic locations, may rise, potentially supporting the case for sustainable, high-density housing solutions to meet evolving needs. #seattlehousing #seattlerealestate #housingcrisis

In Los Angeles County, many college students are balancing the pursuit of higher education with the challenge of finding stable housing. This issue reflects a broader reality where people from different backgrounds and circumstances are facing housing insecurity. Providing safe, stable shelter, along with supportive services, helps students overcome these challenges and stay focused on their goals. Addressing these barriers is key to opening up more opportunities for success in life. #lahousing #housingcrisis #larealestate

Seattle’s proposed "One Seattle Comprehensive Plan" aims to add zoning for 330,000 new homes by 2044, increasing density near transit and in single-family neighborhoods while creating 30 new midrise housing centers. The plan has sparked debate, with proponents emphasizing the need for density to address housing demand, while opponents cite concerns about infrastructure and environmental impacts. As public hearings approach, the city faces the challenge of balancing affordability and growth with neighborhood preservation. #seattlehousing #housingdensity #housingcrisis

In 2024, 40% of U.S. households earned between $53,000 and $161,000, and 14.4% earned over $200,000. That leaves approximately 45.6% of households earning $52,000 or less. With average rents in Seattle and LA above $2,500 and $2,700, respectively, households earning below $52,000 struggle to stay within the recommended 30% income threshold for housing. This creates a growing need for affordable housing solutions in high-demand urban areas. #lahousing #seattlehousing #housingcrisis

Over the past decade, Washington has seen home prices grow by 129.1%, with Bellevue ranking sixth among top-growing midsize cities and Seattle’s median home price rising from $434,352 in 2014 to $848,982 in 2024—a 95.5% increase. High mortgage rates and inflation have further squeezed affordability for potential buyers. With these rising prices, housing density continues to emerge as a crucial strategy for high-demand cities to increase supply and improve accessibility. #housingcrisis #seattlehousing #housingcosts

In Seattle, 64% of households earn below the area median income, while in Los Angeles, 80% of renters spend more than half their income on housing. Housing is typically categorized into grades—affordable, workforce, and market-rate—designed to serve a spectrum of residents, including students, families, and professionals. Both cities show a growing need for balance among these grades to meet tenant needs. Studies indicate that cities with diverse housing types experience higher tenant retention and faster economic growth. #lahousing #seattlehousing #housingcrisis

Renters make up 35% of U.S. households and spend, on average, 30% or more of their income on housing, compared to 16% for homeowners. According to the Aspen Institute, 52% of renters lack wealth-building assets like retirement accounts or investments, while nearly 80% of homeowners have them. Renters are also more likely to carry student loan debt, contributing to their lower net worth. Rising rents leave many unable to save for homeownership, creating a need for more accessible rental options. #seattlehousing #housingdiversity #housingcrisis