Report: Paul Allen gives $30 million to house South Seattle families
Sep 19, 2018, 10:20 AM | Updated: Sep 20, 2018, 9:51 am
Paul Allen. (AP)
(AP)
Microsoft co-founder Paul Allen is spending $30 million to house 94 homeless and low-income families in South Seattle.
RELATED: Allen invests $5 million in affordable housing startup
that Allen’s donation to the Mount Baker Family Housing development is the largest funding piece for the project. Allen throughout its design process. Mercy Housing Northwest and Mary’s Place will help run the 8-story complex a block away from the Mount Baker Link light rail station. Half of the units are reserved for homeless families. The other half will be for low-income families of three.
The bottom floor will be a resource center for families who need help finding daycare services, after school programs, or homeless diversion.
The construction project will cost $46 million in total. The donated the $30 million. Seattle Mayor Jenny Durkan’s office is also providing $5 million to the project. Another $10 million is coming from a housing tax credit.
It’s the largest in a series of donations Allen has made in recent months which have drawn attention. His investment firm Vulcan. Allen has also donated $100,000 to help . He is also helping to fund Blokable, a Seattle startup aiming to revolutionize affordable housing.
Allen’s donation comes nearly one week after another Seattle tech giant announced he is providing funds to tackle homelessness. Amazon’s Jeff Bezos is targeting $2 billion at organizations serving homeless communities, such as Mary’s Place. He is also using the money to fund 鈥淢ontessori inspired鈥� early childhood education centers in low-income areas.
鈥� Jeff Bezos (@JeffBezos)
