COMPANY PROFILE
Shelter Resources, Inc. (SRI) develops and renovates a full range of affordable housing, operating from its regional office in Bellevue, Washington. The firm has built or renovated 6,160 apartment units in inner-city, suburban and rural communities in the western states of Washington, Oregon, Alaska, and Idaho. Over 2,400 of these apartment units are located in approximately 50 communities serving senior citizens. Some of these facilities are congregate care and assisted living complexes. Many projects involve local government participation and/or joint venture with nonprofit organizations.
MISSION STATEMENT
SRI specializes in utilizing tax-exempt bonds, the Low-Income Housing Tax Credit Program and various other federal, state, and local resources targeted at generating affordable housing. The principals have financed over 140 multifamily projects using these programs, acting as developer or consultant. They currently have 537 such units under construction or pre-development through SRI or its affiliated companies.
SRI strives to be a meaningful player in the production of affordable housing in the Pacific Northwest thereby contributing to the remedy of a national dilemma – lack of suitable housing opportunity. We are compelled to provide quality affordable housing that respects the need to deliver significant returns to three primary beneficiaries. First, to the affected under-housed individuals and families of limited means in PNW communities, to enhance their living experience and promote their ability to improve their station in life. Secondly, to the public funding sources that contribute valuable resources to assist with solving this problem, to whom we owe a commitment to spend said resources prudently and in a fashion that leads to the most positive outcomes. Finally, to the private investors and lenders who invest their hard-earned capital in our housing efforts who deserve a reasonable return on investment.
AWARDS
Governor’s Smart Communities Award – 2015
Outstanding achievement in creating livable and vibrant communities
Awards Gold Nugget Grand Award – 2011
Best Affordable Project Larger than 30 units
Builder’s Choice Merit Award -2011
Affordable/Workforce Housing
ABC Excellence in Construction – 2011
Award for Mixed Use Construction
NAIOP Night of the Stars – 2011
Community Impact of the Year
Novogradac JTC Development – 2010
Community Impact Award
Novogradac JTC Development – 2010
Financial Innovation Award, Honorable Mention
Vision 2020 Award – 2004