HopeWorks Social Enterprises provides career opportunities to the residents and communities served by Housing Hope. HopeWorks develops and incubates businesses in “in-demand” industries, providing training opportunities that put low-income adults on a career ladder to living-wage employment. Their latest project is a new 67,312 sq. ft. building in Everett, WA that was completed in 2019. The ground floor commercial space provides workforce training, incubator space for job-creating businesses, and the office headquarters for HopeWorks. Project financing included $4.2 million in public grants, $2.2 million in capital campaign contributions, and a $1.7 million loan from HopeWorks social investors.
Yakima YMCA Association is constructing a new $20 million, 72,000 sq. ft. YMCA facility in Yakima, Washington. The project will create living wage jobs and provide high quality programming to the city’s at-risk population. Yakima YMCA offers no-cost programs year-round for early childhood education and for drop-in youth that provide a safe, adult supervised space for social, recreational and academic support. The new facility will quadruple the number of individuals served by the YMCA and encourage more families to experience the YMCA as part of their everyday lives.
This transaction will support the preservation and substantial renovation of Firehouse 23, a two-story, 11,000 sq. ft. former fire station in the Central District neighborhood of Seattle, Washington. The project is vital to preserving Firehouse 23 as the long-term home for Byrd Barr Place, a Black-led, nonprofit organization with a 56-year history of providing safety-net services for low-income persons, and effective advocacy to combat racial inequity and spur community-driven solutions. BBP serves approximately 15,000 low-income individuals annually, primarily people of color. This project will allow BBP to serve 30% more clients, or 4,500 additional low-income households.
