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Housing Diversity lands $34M to finish micro apartments in DTLA

by Adina Eaton | Mar 22, 2024

Housing Diversity has secured $34.2 million in financing for a nearly completed, 147-unit “micro apartment” complex in Downtown Los Angeles. The Seattle-based developer landed the loan to complete the eight-story Vida DTLA at 1317 South Grand Avenue, in South Park,...

Housing Diversity Corp.’s Downtown L.A. Micro-Units Land Another $34M

by Adina Eaton | Mar 20, 2024

Housing Diversity Corporation (HDC) has secured more financing for its growing portfolio of affordable housing micro-units in the South Park neighborhood of Downtown Los Angeles, Commercial Observer has learned. The firm announced a $34.2 million loan package for its...

74 apartments to break ground soon at 9201 Delridge Way SW in West Seattle

by Adina Eaton | Mar 6, 2024

Housing Diversity Corp. has closed debt and equity for a new multifamily residential development at 9201 Delridge Way SW in West Seattle. The Keystone development, slated to replace an auto repair shop, calls for the construction of a new five-story,...

Housing Diversity creates complex capital stack for LA “micro apartments”

by Adina Eaton | Mar 4, 2024

United Way, equity investors and crowdfunders put money into studio units with 265 SF. Housing Diversity has secured a $34.9 million loan for a nearly completed, 227-unit “micro apartment” complex in Downtown Los Angeles. The Seattle-based developer landed the loan to...

Residential project underway in downtown receives $50M investment

by Adina Eaton | Mar 1, 2024

Seattle-based Housing Diversity Corp. is developing Liv DTLA at 1411 S. Flower St. in downtown’s South Park. Liv DTLA will bring 227 units to downtown’s residential market.
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About Housing Diversity

Housing Diversity Corporation (HDC) is a leading impact investment fund manager and real estate developer pioneering innovative housing solutions. We create high-quality housing across the affordability spectrum (0-120% AMI) through multiple approaches, with a growing focus on tax-exempt bond structures and municipal master leasing partnerships. Our strategic collaborations with Enterprise Community Partners, United Way of Greater Los Angeles, Amazon Housing Equity Fund, and LAHSA have produced nearly 3,000 units, including 374 homes for people experiencing homelessness. Founded by Brad Padden, HDC strategically locates developments near transit, employment, and amenities (94 average Walk Score), creating communities that foster economic diversity and social cohesion. With projects in Seattle and Los Angeles, we’re adding a new leg to the stool of affordability—creating essential housing for residents, municipalities, employers, and communities.

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Housing Diversity Corporation
600 1st Ave Suite 330
PMB 58151
Seattle, WA 98104

Office Address

Housing Diversity Corporation
500 Broadway
Seattle, WA 98122

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