Seattle Tries Crowdfunding to Solve Tech-Driven Housing Shortage
- A nonprofit is trying to draw small investments from techies
- Campaign aims to accelerate work on 750 affordable apartments
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Seattle has struggled to respond to an affordable housing crisis fueled by its booming tech scene. Now it’s turning to techies to help solve the problem.
On Tuesday evening, the city’s largest nonprofit affordable housing provider, Bellwether Housing, is hosting an event inside the spheres at Amazon.com Inc.’s headquarters to kick off a $4.5 million fundraising campaign. The organization expects a sizable chunk of that to come from tech workers contributing no more than a few thousand dollars each.