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Atrium Court Grand Opening Brings 271 Affordable Homes and Community-Owned Retail to Seattle’s Othello Neighborhood

by Adina Eaton | Mar 11, 2026

Transit-oriented development backed by Opportunity Zone equity, Amazon’s housing fund, and a 99-year affordability covenant opens steps from Othello Light Rail Station. Community leaders and development partners gathered on Tuesday for the grand opening of...

Amazon’s Housing Equity Fund Announces $122MM Commitment for More Than 1,700 Affordable Homes Across Puget Sound

by Adina Eaton | Mar 25, 2024

Amazon announced today that since December 2023, the company’s Housing Equity Fund (HEF) has committed more than $122 million to help preserve and support the development of over 1,700 affordable homes in Seattle, Bellevue, and Kirkland. “Since launching the Amazon...

With Amazon backing, start nears for 271 Rainier Valley units, all to be affordable

by Adina Eaton | Dec 24, 2023

Housing Diversity Corporation says it’ll break ground next month on an affordable housing project at 7324 Martin Luther King Jr. Way S., near Othello Station.

Housing Diversity Corp. Secures $16MM Loan From Amazon Fund for 271-Unit Affordable Housing Project in Seattle

by Adina Eaton | Dec 22, 2023

Housing Diversity Corporation Buys 107-Unit Apartment Building in Seattle for $27.5MM

by Adina Eaton | Dec 23, 2022

An apartment complex that was just completed last year in Seattle’s Squire Park neighborhood was sold for $27.5 million, or approximately $257,009 per unit, according to King County public records. The buyer is an entity affiliated with Housing Diversity Corporation,...
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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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