History

Beacon was founded in 1999 to provide development, consulting, and planning services to non-profit, public, and faith-based organizations dedicated to building affordable housing and healthy communities.

During the last eleven years, 2084 units of affordable housing have been completed with a total project cost of over $285 million. Currently, Beacon has 256 units under construction, another 148 units fully funded and ready for construction, with 230 units in development.

Beacon has utilized every major funding source available to affordable housing:

  • Washington State Housing Trust Fund
  • Low Income Housing Tax Credits
  • Historic Rehabilitation Tax Credits
  • Seatle Housing Levy
  • City CDBG
  • County 2060
  • HUD Financing
  • Gates Foundation Sound Families
  • Seatle City Light Built Smart
  • Washington Community Reinvestment Association
  • Federal Home Loan Bank
  • Impact Capital

Since 1999 Beacon has been a leading author of successful Low Income Housing Tax Credit applications. We have secured more tax credits on behalf of clients than any other developer in the state of Washington.

Beacon works with multiple tax credit investors including: Homestead Capital, ESIC, Alliant Capital and National Equity Fund.
A Vision Fulfilled

Since 1999, Beacon has developed 2,504 units of affordable housing in 63 projects located in 30 cities throughout Washington State at a budget of $437 million.
Featured News

Advocating for quality affordable housing at the federal, state, and local levels.


Beacon Development Group participates in Advocacy Day
Out of Reach Report:
The National Low Income Housing Coalition released the 2011 Out of Reach report.  This annual report  calculates the Housing Wage: the amount a person working full-time must earn to afford the Fair Market Rent on a modest two-bedroom unit. Out of Reach also calculates the number of hours one must work at the minimum wage and the average renter wage in order to afford typical rents. The Housing Wage for Washington State is $19.10 - while the typical renter wage is just $13.96.  As this report details, housing is out of each for many in our state.  To read the full report, click here.

Beacon Development Group works with Catholic Charities of Eastern WA
Funding Awarded:  Beacon Development Group will be working with Catholic Charities Housing Services of Eastern WA to build a 50-unit complex in downtown Spokane.  The project will serve the chronically homeless and extremely low income people receiving state disability.  To learn more about this project click here

Grand Opening--St. Martha Plaza
Paul Purcell, President of Beacon Development Group, is all smiles at the grand opening of St. Martha Plaza in George, WA.  Read more about this event at http://qvpr.com/articles/st-martha-opens-doors  View a full description of  this Family Farmworker Project  in our Projects Gallery. 
Beacon Developement Group opens project in George, WA
Current Projects Under Development

Take a look at our current projects being developed.