Capitol Hill Housing (CHC) owns and operates affordable housing in the Capitol Hill area and other Seattle neighborhoods.
Proven Success
CHH currently owns and operates 1,157 apartments and 44 properties providing affordable housing for low-income individuals and families. The 12th Avenue Arts Center will be a mixed-use building on Capitol Hill, which will integrate the performing arts into a new affordable housing development and provide 88 apartments. Construction will begin in January 2012 with a planned opening in the summer of 2014.
Accessibility and Cultural Competency
Capitol Hill Housing residents represent a diverse population including families transitioning from homelessness, seniors with limited or non-existent incomes, and immigrants and refugees from Asia, East Africa, and Latin America. CHH has a special focus on affordable housing for families and children make up nearly a quarter of their 1700 residents.
Collaboration
CHH is adept at partnering with other organizations to increase the stock of affordable housing across Seattle. They are collaborating on a new affordable housing project near White Center. The project, Strength of Place Village, is a partnership between CHH and White Center Community Development Association and Delridge Neighborhoods Development Association. The three organizations are combining resources to bring affordable housing to this underserved community.
Financial Health
To encourage funders to support the entire organization rather than single real estate projects, CHH realized they would need to create greater organizational liquidity and a stronger financial balance sheet. To achieve this CHH created a board-controlled operating reserve fund, with the goal of depositing $100,000 per year to reach their ultimate goal of $1 million in reserves. The first $100,000 was deposited into this fund in January of 2012. In August of 2012, CHH sold a five-unit apartment building on Capital Hill allowing them to add an additional $500,000 to the board-controlled operating reserve fund.
Sustainability
In 2010 CHH embarked on a strategic planning process. They developed a series of core strategies and initiatives to guide their work for the next 5 years. This includes optimizing their assets, building a strong infrastructure, exploring partnerships, leveraging their core competencies, growing their capital reserves, furthering their community development work, exploring a capital campaign and developing affordable housing in the community.
Grant History with The Seattle Foundation:
Grants Awarded through The Seattle Foundation Grantmaking Program:
| Date | Amount | | Purpose |
|---|
| 3/10/2011 |
$20,000.00 |  | support general operating expenses. | | 9/10/2009 |
$40,000.00 |  | support general operating expenses. | | 10/18/2007 |
$40,000.00 |  | support general operating expenses. | | 9/22/2005 |
$30,000.00 |  | support general operating expenses. | | 9/18/2003 |
$30,000.00 |  | support general operating expenses. |
|