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Microsoft, King County Join Forces to Fight Housing Crisis
Microsoft Corp., King County Housing Authority (KCHA) and King County made a combined $245 million investment to protect 1,029 units of affordable rental housing throughout King County. The partnership comes in the form of a 15-year, $60 million loan from Microsoft to KCHA, combined with $20 million in low-interest debt and additional credit enhancements provided by King County, and $140 million in bonds issued by KCHA.
It will help finance KCHA’s acquisition of five residential apartment complexes, ensuring rents will remain affordable long term and allowing over 3,000 low- and middle-income people to remain in their communities. The complexes include Kendall Ridge in Bellevue; Emerson, Juanita View and Kirkland Heights in Kirkland; and Riverstone in Federal Way (pictured).
This investment marks a significant milestone for Microsoft’s $500 million commitment to advance affordable housing solutions in the Puget Sound region. Local studies estimate King County has lost at least 36,000 affordable rental units in the last decade, as rents increased by 43%.
For comments, questions or concerns, please contact Dennis Kaiser
- ◦Financing
- ◦Sale/Acquisition


