Betula House
Betula House is a mixed-use workforce development at the intersection of Seattle’s Capitol Hill and Central Area neighborhoods. It is ideally sited adjacent to both Seattle University and the Swedish Cherry Hill hospital complex.
Completed in 2023, it was rapidly stabilized and his now home to 50 households and 3 beloved community businesses.
Location
355 15th Ave, Seattle, WA 98122
Scale, Unit Types, Affordability
- 50 homes, including studio, 1BR and 2BR
- 40-70% AMI
Notable Partnerships
Opportunity Zone Equity partnership
Mixed-Use / Non-Housing
3 commercial spaces, totaling 1600 sf
Total Development Cost
$13 M
Funding Sources
- Construction Loan from East West Bank
- Permanent financing from CBRE/Freddie Mac under the Sponsor Initiated Affordability program
- Opportunity Zone Equity sourced by Great Expectations


