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MacKenzie Scott Gifts $10M to Homestead Community Land Trust

Philanthropist MacKenzie Scott has gifted $10 million in unrestricted giving to Homestead Community Land Trust, a Seattle developer and steward of permanently affordable homeownership opportunities for income-qualified people in King County.

Homestead has celebrated several recent milestones, including the opening of Village Gardens in the Central District of Seattle, the groundbreaking of The Southard, the first multi-unit affordable homeownership project in Tukwila, and cultivating a pipeline of projects to build up to 200 new homes.

Homestead CEO Kathleen Hosfeld says, “We are beyond grateful for this unprecedented investment in our work, and for Ms. Scott’s recognition of our leadership in addressing the affordable housing crisis, building community wealth and partnering with communities experiencing displacement. This gift will enable us to accelerate our work to build homes that are permanently affordable to current and future generations.”

Home prices in the area are up to seven times the median household income, according to State of Washington research.


Inside The Story

Homestead Community Land Trust

About Jasmine Kilman

Jasmine Kilman is Content Director of Connect Commercial Real Estate, covering Chicago and greater Chicagoland, the Midwest, Seattle, and the Pacific Northwest. She covers industry trends, transaction deals, market research, and produces daily news stories. With experience in marketing and communications for academic nonprofits and corporate clients, including Hearst Media, Hilton, and Coldwell Banker, Kilman has written about commercial real estate, environmental, social, and corporate governance (ESG), technology, healthcare, and philanthropy. She was born and raised in California and graduated with a degree in public relations. In her spare time, Kilman enjoys hiking and traveling to new locations with her family.

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