Beacon is excited to share that it recently formed a new strategic alliance with American Baptist Homes of the West (ABHOW). ABHOW has been a client and partner of Beacon for many years, and has provided senior affordable housing in Washington since 1997. They are a large, mission-driven nonprofit housing provider dedicated to housing seniors and the disabled, based in California.
Our alliance is founded on shared values and a common mission to grow affordable housing. ABHOW is acquiring Beacon to draw on our expertise in developing diverse types of affordable housing and Beacon will benefit from the stability that a larger organization provides. Together, we’ll work to continue our core work of affordable housing consulting and expand affordable housing opportunities up and down the West Coast.
We will continue to be Beacon Development Group with the same mission, same leadership, same staff, and same diverse set of services. Our core business will remain affordable housing development in Washington and the Northwest. In addition, we will work with ABHOW to enhance its development opportunities in California, Arizona, Oregon and Idaho.
As always, we will continue to provide the highest level of service and professionalism you know and expect of us.
Answers to Questions You May Have
Why is ABHOW interested in Beacon?
ABHOW saw a shared set of values and an aligned mission to develop affordable housing for low-income households. Looking to expand affordable housing for seniors in California and the West, they see Beacon’s development expertise as an opportunity to assist in this goal.
Why is Beacon interested in affiliating with ABHOW? Why are you doing this?
Established in 1949, ABHOW is a large, well-respected 65 year-old nonprofit housing provider that shares our values of providing affordable housing. At the same time they provide a broader market for our services and a more stable funding base for the long-term operations of Beacon. By having a broader footprint, Beacon can provide more stability to our staff and clients, expand our services, and provide an organizational base for the long-term leadership and financial strength of the organization.
Will Paul Purcell remain the leader of Beacon?
Yes. Paul will remain as President.
Does this mean Beacon will move to California?
No. We will continue at our same location, based here in Seattle, Washington.
Will your services change?
No. All our services will stay the same. Down the road, we hope to be able to utilize the health care experience of ABHOW in their Continuum of Care Residential Communities to expand our integration of health care and affordable housing.
Will Beacon’s staff change?
No. All of our staff will remain in their current positions. We will be hiring additional staff in California to assist with a pipeline of projects that ABHOW has in development there.
What will change?
Beacon Development Group will become a nonprofit LLC and remain a separate but affiliated organization within ABHOW.
What will not Change?
Our commitment to our clients, to excellence, to collaboration, to professionalism, to advocacy and to the low income communities we are honored to serve.