Shelter Resources, Inc

Shelter Resources, Inc. develops a full range of affordable housing, engaging in both new construction and substantial rehabilitation efforts throughout the Pacific Northwest. Our home office is based in Bellevue, Washington and our primary geographical focus has been on developments in the states of Washington, Oregon, Idaho, Alaska and Arizona for the past 35 years. We have engaged in many types of affordable product types including family and workforce housing, senior and independent living retirement complexes, veterans housing with associated services, manufactured housing, and turnkey product in conjunction with local housing authorities.

In total we have developed 6,160 affordable housing units that are successfully operating across 144 individual projects since our corporate formation in 1980. We believe this to be more than any other affordable development entity in the Pacific Northwest. While this is a large number of completed developments, our greatest source of pride is completing projects that are of good quality, while meeting the public objectives their financing was designed to promote.

What makes our approach unique and sets us apart is that we put up our own capital and assume the development risk on the projects that we engage, in direct benefit to our non-profit partners. We essentially remove almost all downside risk for our partners through the rent up and stabilization of a development project. SRI guarantees project construction completion, tax credit delivery to investors, and funds any operating deficits not covered by reserves. These risks are real, as the events on any given project can deviate from original planning. SRI provides that extra level of assurance that at the end of the day the project will be delivered as intended without undue exposure to partners.