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MarketFront’s Senior Housing

Posted by beacon on Fri, Oct 2, 2015 at 2:54 PM
Senior Housing, Sustainable Buildings, Urban/Mixed Use, Washington

Many people think of the Pike Place Market only as a wonderful place to shop locally or as a tourist destination. While these attributes are certainly core to its identity, the iconic Seattle institution, governed by the Pike Place Market Public Development Authority (PPMPDA), is also a developer and manager of rental housing at the Market, most of which is reserved for low-income seniors in the Seattle community.

MarketFront OLW 300dpi

Western facade of MarketFront (housing on right)

In May the PPMPDA broke ground on their latest $73 million redevelopment project called MarketFront. The Market-centric project will convert a .75-acre surface parking lot on Western Avenue into a dynamic public plaza with fantastic views of Puget Sound and Olympic Mountains, table space for farmers, craftspeople and artisan purveyors, commercial space, low-income housing, a neighborhood center, and 300 public parking spaces. The 40 low-income housing apartments in this project will serve seniors making up to 30% and 50% of Seattle’s area median income, or $18,840 and $31,400 respectively.

Housing  Social Service with parking P 11.07.14

Western Avenue Senior Housing – Image credit Miller Hull Partnership

Beacon is privileged to serve as a consultant to the PPMPDAon the $9 million low-income housing portion of MarketFront. Beacon has assisted the PPMPDA in assembling financing for this exciting project including securing an award from the City of Seattle Housing Levy, and is currently working with them to identify a Low-Income Housing Tax Credit investor for the project. Working with the Miller Hull Partnership throughout design development, we have provided feedback on the design of the senior apartments based on our deep experience with this type of housing. Once in construction, Beacon’s Construction Manager will attend weekly construction meetings to ensure adherence to the Evergreen Sustainable Development Standard criteria and to monitor overall construction progress.

091420150184

Aerial photo of MarkeFront site work – Sept. 2015

As of this month, mass excavation on the MarketFront project is nearly complete. Construction on the senior housing is slated to start in April 2016 and wrap-up by the end of the year, with the entire project coming online in 2017. Sign up for detailed construction updates on Sellen Construction’s project website and consider donating to the MarketFront’s Pike Up! capital campaign, to ensure the long term success of this wonderful project.

During a time of unprecedented lack of affordable housing in Seattle, it is bold new projects like MarketFront that will continue to ensure a sustainable lifestyle without a car for downtown residents, and a City that is affordable to everyone.


A Commitment to Agricultural Worker Housing

Posted by beacon on Tue, Sep 22, 2015 at 4:31 PM
Agricultural Workers, Family Housing, Project Openings, Sustainable Buildings, Washington

Beacon has a long history of working with clients to develop permanent agricultural worker housing across Washington State, having developed over 950 apartments for these vital workers since 1999. As Washington continues to experience labor shortages during peak harvest times, according to the most recent annual 2013 Agricultural Workforce Report, the quality and stability of this kind of housing is absolutely essential to the health of our State’s economy.

Over the summer Beacon celebrated the opening of Varney Court, its latest agricultural worker project undertaken in partnership with the Housing Authority of the City of Pasco and Franklin County (HACPFC). Located at the intersection of 4th and Pearl in Pasco, WA, the project features 38 apartments spread across seven buildings around a central courtyard, community building and playground. The two-, three- and four-bedroom apartment layouts and child-focused amenities were specifically designed for families working in the local agricultural industry.

“We are very pleased to be able to offer these new apartments to families working in the region’s agricultural industry,” stated Andy Anderson, HACPFC’s Executive Director.   “Far too often these families are forced to live in unacceptable conditions.  Varney Court provides families a safe and decent place to live so their children can live happy, healthy lives in our great city.”

ZBA Architects designed the community and Walker Construction served as the general contractor. Beacon Development Group provided development services and Foster Pepper PLLC provided legal services. Other engineering and design team members were: AHBL, Coffman Engineers, Fulcrum Environmental Consulting, and Baer Testing. Cascade Management is providing property management services.

The total development cost was approximately $8.5 million. Funders included the Washington State Housing Trust Fund, the Washington State Housing Finance Commission, National Equity Fund, Wells Fargo and Impact Capital. The City of Pasco also provided $50,000 of Community Development Block Grants to pay for street improvements along Pearl Street.

“This community exemplifies what the State and local jurisdictions can do when they work together to support affordable housing,” said Paul Purcell, President of Beacon Development Group.   “In particular, the project wouldn’t have been possible without the support of the State legislature and the Housing Trust Fund.”

Beacon congratulates the HACPFC and the Pasco community on another successful project!


National Affordable Housing Advocacy

Posted by beacon on Tue, Sep 8, 2015 at 10:17 AM
Advocacy, Beacon

In late July, Paul Purcell, President of Beacon Development Group, had the pleasure of meeting Julian Castro, United States Secretary of Housing and Urban Development, at the NAHRO (National Association of Housing and Redevelopment Officials) Summer Conference in Austin, TX. Throughout the year Paul travels to conferences such as this to advocate for stronger national and regional affordable housing resources and policies. Also pictured here is Andrew Lofton, Executive Director of the Seattle Housing Authority.


Crafting Unique Solutions to Affordable Housing Preservation

Posted by beacon on Fri, Aug 28, 2015 at 5:18 PM
Acquisition/Rehab, Family Housing, Occupied Rehabs, Senior Housing, Washington

Beacon has a long track record of working with clients to create more affordable housing, both in new construction and in the repositioning of older assets, thereby extending a building’s affordability and useful life. There are typically a host of financial tools available to do this in WA State – from Low-Income Housing Tax Credits (LIHTCs) to State and local dollars such as the Seattle Housing Levy. But over the last several years many of these, especially at the State level, have been under constant threat.

Yet the need for affordable housing keeps growing. As a result, Beacon has worked hard on behalf of clients to turn over every rock for new funding. Two recent examples of projects that utilized groundbreaking “first of its kind” financing in Washington State are Yakima Family Housing in Yakima and Hilltop House in Seattle.

Yakima Family Housing with the Yakima Housing Authority (YHA) was completed in late 2014 and was the one of the first HUD Rental Assistance Demonstration (RAD)-funded projects in WA State. Beacon and YHA worked together to secure the award from HUD and then packaged it with 9% LIHTCs to refinance and renovate 150 units of scattered-site public housing across the City of Yakima. Beacon also served as construction manager, working with YHA to oversee the complex process of tenant relocation and renovation, while ensuring minimal disruption to families and maintaining the tight timeline for LIHTC delivery. Partners on this project include Raymond James, Walker Construction Co., and ZBA Architecture. Kantor, Taylor, Nelson, Evatt & Decina PC provided legal services.

Hilltop House Apts., Hilltop House Inc.

Hilltop House Apts., Hilltop House, Inc.

In May of this year Beacon also started construction on Hilltop House Apartments in the First Hill neighborhood of Seattle. On behalf of this 124-unit non-profit-owned senior project, Beacon secured one of only twelve HUD SPRAC (Senior Preservation Rental Assistance Contract) awards in the United States. Working with CBRE Group, Inc. through its FHA lending program, this unique financing was leveraged to retire existing HUD 202 and Flexible Subsidy loans so that a new permanent FHA 221(d)(4) loan could be used to extensively rehabilitate the property and prevent displacement of low-income seniors. In addition to CBRE, partners on this project include SMR Architects and Walsh Construction Company. Kantor, Taylor, Nelson, Evatt & Decina PC provided legal services.

According to Muriel Cashdollar, Board President of Hilltop House, “Beacon Development has worked tirelessly to help Hilltop House refinance our HUD mortgage, find an architect and a contractor, and manage the entire process.  We could not have accomplished our goals without their significant help.  Beacon’s experience has made our current construction possible!”

Together these projects represent nearly 275 affordable homes that would not have been preserved without these unique and creative approaches to affordable housing development. Together with our clients, Beacon strives to always secure the right financing for the needs of your project and your tenants.

 


Welcome J.P. and Barry!

Posted by beacon on Mon, Jun 8, 2015 at 1:26 PM
Beacon, California, Washington

Beacon Development Group welcomes our newest team members, J.P. and Barry!

Beacon headshots123 35079-Edit

J.P. Stocco, Deputy Director of Development, CA Office

J.P. leads Beacon’s California Office, overseeing all aspects of planning and development for projects throughout the State. As a member of the Leadership Team, J.P. jointly manages the development pipeline, supervising staff and projects in development. He possesses over ten years of affordable housing project management experience working on complex publicly funded projects across the United States. Prior to joining Beacon, J.P. served as the Senior Acquisitions, Project & Asset Manager for THC Affordable Housing, Inc. in Washington, DC. In this position he established policies and procedures for an asset management system, completed an extensive permanent supportive housing rehabilitation project and one of the first Passive House energy-efficient buildings, and negotiated a successful joint venture with a national for-profit affordable housing developer. As Principal/Broker for Skyline Realty Advisors in California since 2006, J.P. has gained deep experience in financial modeling, budget analysis, construction services, market analysis and lease-up of multi-family development in California. He holds a BS in Business Administration from the University of Southern California and an MBA from the University of California, Irvine. Outside of work J.P. enjoys snow skiing and stand-up paddle boarding with his wife and daughter, and photographing landscapes.

Baker

Barry Baker, Senior Housing Developer, WA Office

Barry manages a variety of complex publicly funded projects for clients at Beacon in Washington State. As project manager, he oversees all aspects of development, from feasibility analysis to financial packaging to construction completion and close-out. He brings over two decades of real estate experience to his role at Beacon, having worked in property development, management, finance and software development. Most recently Barry served as Development Officer at Community Development, Inc. in Caldwell, ID, where he managed multi-family affordable housing development projects across the United States. Prior to Community Development, Inc., he invented, brought to market and licensed loan management software for real estate companies and worked as the Director of Finance at Brighton Corporation. At Brighton he was responsible for the sourcing and management of the financing for land holdings and buildings, specializing in big box retail, residential subdivision development, production home building, and office development. Barry holds an MBA from the University of Oregon and a BBA from Pacific Lutheran University. In his free time, Barry enjoys playing soccer, travel and boating.


Beacon’s CA Office is Hiring!

Posted by beacon on Tue, May 26, 2015 at 11:04 AM
Beacon, California

Beacon is excited to announce that we have an open position for a Senior Housing Developer in our new California Office. Below is the full job description and contact information to apply, also found here.

Job Description

Beacon Development Group is an affordable housing consulting firm that works with nonprofits and housing authorities to create high-quality multifamily communities that serve a wide range of populations including seniors, families, homeless households, and those with disabilities. Beacon was formed in 1999 and has been serving clients in the Northwest, with its primary focus on Washington State. Beacon has served 31 different clients and has helped produce over 3,300 units of housing in 72 projects with a combined value of half a billion dollars.

On January 1, 2015, Beacon became a part of the ABHOW family of companies as a separate non-profit affiliate of ABHOW’s newly created Beacon Communities. Beacon Communities will own, manage, and develop affordable housing throughout the West Coast.

GENERAL STATEMENT OF POSITION

Senior Housing Developers work with a team of staff to develop multiple affordable housing and community development projects. Senior Housing Developers work with minimal supervision in the areas of development of new project proposals, feasibility, pre-development review, project construction/rehabilitation management, and public / private financing for new and rehabilitated housing for low-income households. The Senior Housing Developer position is responsible for supporting all aspects of project development from planning to closeout, and may provide guidance and advice to Housing Developers in support of development activities. The scope of this position’s responsibility may include the following: assessment of community needs, identification and acquisition of appropriate sites, formulation of feasible housing proposals, including development and operating budgets and project schedules, assisting the sponsor in conducting community notification, preparation and review of funding applications, and coordination of internal members of the project development teams and external consultants.

REPORTS TO – Development Director

POSITION CLASSIFICATION AND LOCATION

This position is classified as exempt, full-time with benefits and location in Beacon Development Group office in Pleasanton, CA.

Essential Functions

The following duties are normal for this position.  These are not exclusive or all-inclusive. Other duties may be required and assigned.

Work Duties:

  1. Feasibility Analysis
  • Researches and develops information required for project concept development;
  • Researches and develops realistic project budgets;
  • Provides research and due diligence on funding sources and site acquisition.
  1. Project and Construction Management
  • Manages construction contract/bid process with input from construction manager;
  • Manages acquisition of properties from purchase and sale agreement to closing and escrow;
  • Manages design process with clients and architects including securing all land use and building permits;
  • Processes and maintains accurate and functional filing system for all construction process documents including draws, change orders, meeting minutes etc;
  • Participates in regular construction meetings, ensures flow of communication throughout construction process.

3.   Funding Source Development

  • Maintains open and positive relationships with public funders, investors and financial institutions;
  • Works with sponsors to understand loan, contract and other documents;
  • Identifies appropriate funding and subsidy sources for each development project;
  • Prepares clear and effective private and public funding applications;
  • Negotiates funding documents with various funding sources and private investors.

4.   Project close-out

  • Completes appropriate reports to all funders;
  • Facilitates completion of necessary cost certifications with accountants and consultants;
  • Completes archiving of project files;
  • Finalizes transition of all files and other materials to the client and/or management agent.
  1.  External and Internal Development
  • Initiates new project proposals with current and potential clients;
  • Independently compiles and responds to Requests for Proposals;
  • Independently manages and maintains effective work relations with clients and external partners;
  • Provides guidance and advice to Housing Developers in support of development activities;
  • Helps create and oversee client relations efforts, including relationship management with key clients;
  • Represents Beacon on external committees and boards.

Mission Essential

  • Display behavior that supports the Beacon mission, vision and values.
  • Understand and adhere to company, community and department programs, policies and procedures.
  • Communicate effectively to perform the essential functions of the job.

MINIMUM REQUIREMENTS:

Education – BA degree in finance, public administration, business, or related field (demonstrated successful experience (4 year minimum) in multi-family affordable housing development may be substituted);

Experience/Training

  • 4 years experience in affordable housing development;
  • Experience working with various types of public and private financing (e.g. bank loans, bridge loans, Tax Credits, etc.);
  • Working knowledge of HUD, Low Income Housing Tax Credit Program, State and /or City housing requirements;
  • Proven ability to manage multiple projects;
  • Demonstrated ability to lead teams;
  • Demonstrated ability to independently oversee large, complex projects and effectively problem solve variety of issues that may occur;
  • Experience in project and staff supervision (preferred);
  • Proficient in MS Word and Excel;
  • Excellent oral and written communications skills;
  • Experience working in diverse groups;
  • Commitment to the mission and goals of the organization.

Certificates, Licenses, Registrations – Valid CA Driver’s License and willingness to travel;

KNOWLEDGE, SKILLS, AND ABILITIES REQUIRED TO PERFORM THE ESSENTIAL FUNCTIONS OF THE JOB

Working knowledge of HUD, Low Income Housing Tax Credit Program, State and /or City housing requirements;

Please send resume and cover letter to: BCCJobs@BeaconCommunities.org.

Beacon Development Group is proud to be an Equal Opportunity Employer. We’re committed to the highest standards of professionalism, and to maintaining a progressive, welcoming and satisfying work environment.

ABHOW HR Department
6120 Stoneridge Mall Rd. 3rd Floor
Pleasanton, CA 94588
Phone: 925-924-7224 or 1-800-222-2469, Ext. 7224
Fax: 925-924-7232


PRM Reaches Important Construction Milestone

Posted by beacon on Tue, May 19, 2015 at 12:18 PM
Construction, Family Housing, Sustainable Buildings, Urban/Mixed Use, Washington

E Building Footings Web Edit

Concrete Footings on the East Building of PRM

As of today, all of the concrete footings for El Centro de la Raza’s Plaza Roberto Maestas (PRM) are poured! The Walsh Construction team has been fortunate to have only a few days of wet weather since work began on April 10th. This has allowed for quick movement through demolition, excavation and concrete work. It also means we are through the dirt portion of the project with relatively few surprises – a great place to be early on in a large development like PRM!

PRM is an exciting new mixed-use transit oriented community featuring 112 units of affordable housing, a seven classroom expansion for El Centro’s Jose Marti Child Development Center, a multi-cultural community center, neighborhood retail/restaurant space, office space and a central plaza for micro-business, events and enjoyment of the surrounding campus and community. Most of the apartments at PRM will be two- or three-bedrooms to address the critical shortage of affordable family-sized rental housing in the City of Seattle.

Plaza Roberto Maestas will be complete in July 2016. Please visit the project website here for more information.

West Building Festival St Facade Web Edit

West Building Festival Street Facade – Future Neighborhood Retail/Restaurant Space(s)

 


Paul Purcell wins Cyber Choice Mirror Ball Trophy at Plymouth’s Seattle Dances!

Posted by beacon on Fri, May 15, 2015 at 1:24 PM
Awards & Recognition, Beacon, Special Needs, Washington

Paul Dancing

Paul & Deron in Action!

This spring Paul Purcell, President of Beacon, participated in Plymouth Housing Group’s Seattle Dances! Modeled after the national TV sensation Dancing with the Stars, the event matches local leaders with professional dancers to compete and raise funds for Plymouth’s mission of providing permanent homes and services for the homeless in Seattle. Paul trained for 10 weeks with his professional partner, Deron Hayes-Hirschy to prepare for the big night!

Paul Purcell Mirror Ball

Enjoying the Cyber Choice Mirror Ball Trophies!

We are excited to report that Paul and his partner Deron won the Cyber Choice Mirror Ball; for the celebrity dance couple who raises the most money online before the event. Collectively, the eight celebrity dance couples raised over $53,000 in online votes for Plymouth Housing Group. Overall, the 6th annual Seattle Dances gala brought together 460 generous guests who gave an incredible $442,000! Congratulations Plymouth Housing Group on another great event!

Beacon is proud to have worked with Plymouth on the Pat Williams Apartments and on the recently funded 7th & Cherry project.

 

 


News at Beacon

Posted by beacon on Fri, Dec 19, 2014 at 9:53 AM
Beacon, California, Washington

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.

 

 


Casa Kino Featured in Affordable Housing Finance Magazine

Posted by beacon on Fri, Nov 14, 2014 at 1:52 PM
Agricultural Workers, Family Housing, Press, Sustainable Buildings, Washington

Washington Developer Continues to Serve Farmworkers

By, Christine Serlin
Central Washington state has a robust agriculture industry, accounting for 20 percent to 25 percent of the region’s total economy.

Farmworkers are a critical part of that economy, handpicking crops, such as asparagus, cherries, and apples.  But affordable housing can be scarce in rural areas, and these needed laborers are forced to live in overcrowded or unsafe conditions.

But Yakima, Wash.–based Catholic Charities Housing Services (CCHS) is helping to provide more safe, affordable housing opportunities for farmworkers one project at a time in the seven-county area where it works.

“The need for farmworker housing is acute throughout central Washington,” says CCHS director Bryan Ketcham.

To read the whole article click here.

 

 

 

 

 

 

 


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