Today we are announcing the successful completion of our Building Opportunity Campaign. We are grateful for the overwhelming support we have received.
When we started this campaign, our goal was to raise $9M to build 750 homes. With your help, we have exceeded our goals:
We raised $9.2M.
We are building nearly 800 homes in four new buildings.
We finished the campaign a year early.
The purpose of the campaign was to use private support to create affordable homes and more rapidly respond to the housing crisis in our region.
Belllwether was the first nonprofit in the nation to use crowdfunding to build affordable homes, attracting 180 investors who ultimately contributed $4.7M.
We raised $4.5 million in donations from corporations, foundations and individuals. Thank you to The Wells Fargo Foundation and the Bank of America Foundation who provided lead gifts at the campaign's outset. Deepest gratitude to the Bill & Melinda Gates Foundation, the Norcliffe Foundation and the Puget Sound Boeing Employees Community Fund whose gifts rapidly advanced our campaign and to Amazon who matched employee giving dollar for dollar.
Cedar Crossing, in Roosevelt, is currently under construction.
Our 800 new homes will be in First Hill, Roosevelt, Rainier Beach, and Tukwila. Three of these projects, The Confluence, Cedar Crossing, and The Rise on Madison are currently under construction. All these developments are near light rail, transit, and host of other community resources.
We are thrilled by the support we have received. Thank you to every one of you who has supported the campaign.