Staff Addition, Affiliation & Celebration, Year-15 Exit Update

In March, DASH added a new member to the DASH team, Melissa Correll. Melissa previously served as Portfolio Manager through Quantum Property Management for six of DASH’s properties, and we are thrilled to bring her in house to oversee the asset management for the entirety of DASH’s portfolio!  Her expertise and oversight will greatly benefit the sustainability and preservation of all 13 of our properties.

In May, the DASH board executed an agreement with Transforming Age to affiliate.  Transforming Age is a national nonprofit that serves over 2,000 residents in 16 communities located in Washington, Minnesota, and Nebraska. These communities include 270 low-income affordable apartments as well as Continuing Care Retirement Communities, Independent Living, and Assisted Living. DASH will support and enhance Transforming Age’s vision to extend affordable housing options across the nation.

For more information please click here to view the official press release.

To celebrate the affiliation and commemorate the work our dedicated board members have done throughout the years we hosted a party at Lunchbox Laboratory. It was an emotional evening filled with funny stories, heartwarming memories, and an overwhelming sense of gratitude to each of DASH’s board members.  Moving forward, several board members will continue to meet regularly as an advisory board on affordable housing development to the Transforming Age board.  Greg Russell, DASH’s current board chair, will join the Transforming Age board of directors as DASH’s liaison.

At the end of June, DASH prevailed in a Year-15 exit dispute that had been in litigation since the beginning of the year.  As a result DASH will receive the investor limited partner interests in four of its LIHTC partnerships at no cost.  This has allowed us to move forward and prepare a bond application to rehab several properties that were previously tied up in the litigation. We are eternally grateful to David Davenport and his colleagues at Winthrop & Weinstine for their steadfast commitment to support DASH’s mission of creating and sustaining affordable housing.

For more details about the case, please visit Winthrop & Weinstine’s website for the press release here.

DASH Affiliates with Transforming Age

The Board of Directors of DASH are excited to announce our affiliation with Transforming Age. With complementary skills and resources, we will be able to expand our mission together and provide more permanent affordable housing for seniors as well as working families and individuals at a time when more of both is critically needed. The affiliation will also raise awareness, resources, and expertise to our combined efforts.

For over 28 years, Bellevue-based DASH has developed, owned, and operated affordable communities for seniors and workforce housing. Almost 1,600 people live in 13 DASH communities across King County.  Transforming Age is a 63 year old not-for-profit senior living organization serving over 7,500 people in 28 senior living and housing communities nationwide, through home and community based services as well as technology solution, business services and philanthropy initiatives. Transforming Age is positioned, thanks to the affiliation with DASH, to strengthen its commitment to develop and provide more affordable housing. We welcome you to discover the remarkable difference that Transforming Age makes by visiting their website, www.transformingage.org.

DASH and Transforming Age will continue to run as their own 501(c)(3) not-for-profit organizations. The affiliation will align our organizations under one board, which now includes long time Board chair of DASH, Greg Russell, allowing us to better serve both organizations. Through our history of collaboration, we know that our shared values and shared commitment to the families we serve will only deepen with our affiliation.

This is an exciting new chapter in the continued growth of DASH and Transforming Age mission as it enriches our network. Thank you for your steadfast support of DASH over our last 28 years. We continue to strive to provide affordable, dignified housing to our community. It is because of our dedicated team members, partners and our remarkable residents, clients, and program participants that we are able to create opportunities with like-minded organizations such as Transforming Age.

2017 Annual Report

Happy New Year!

Our 2017 Annual Report is available. Please select the cover below to view.

We are pleased to welcome a new staff member, Mark Mullen. Mark recently joined the DASH team as Evergreen Court’s Executive Director. For the past two years, Mark conducted outreach to stand-alone senior communities looking for partnerships that would strengthen their operations and ensure their ability to serve their constituents for an organization called Transforming Age.  Mark convened the onboarding of newly acquired and affiliated organizations.  Mark also served as Executive Director of Fred Lind Manor, an assisted living community in Seattle for over 15 years.  We are happy to announce he joined DASH as a key partner in our team.

CAT – AtWork! Breakfast – HDC’s 30th Anniversary

DASH continues to make progress on the Vision 2025 strategic plan that focuses development in the Bel-Red corridor. In partnership with Imagine Housing and YMCA, DASH was awarded the Enterprise Community Builders Section 4 Grant last year to facilitate the collaboration of creating an affordable, family friendly, transit-oriented community. The grant’s period of performance was recently extended, allowing the Community Action Team (CAT) to continue discussions for a coordinated effort amongst Eastside providers and stakeholders to ensure a collaborative plan exists in the Bel-Red corridor. The team continues engaging all perspectives of the community and identifying solutions to ensure success of their desired outcomes and benchmarks.

On March 22, DASH attended the AtWork! Annual Funding Breakfast. AtWork! provides support and employment services for individuals with disabilities and the employers who hire them, increasing diversity in the workforce and empowering them to be productive, integrated, and contributing members of their communities.  We are inspired by AtWork!’s efforts supporting people with disabilities to maintain rewarding jobs in the community. Thank you to our devoted Board Chair, Greg Russell, also a long time Board member of AtWork! for hosting us at your table.

This year, Housing Development Consortium (HDC) celebrated its 30 year anniversary. Through education, advocacy, and leadership, HDC supports and inspires its members as they work collaboratively to meet the housing needs of limited-income people throughout King County.  HDC’s annual Affordable Housing Week, an effort to promote affordable housing in our local communities through learning and advocacy, is taking place May 14-18. View the countywide events here as it is updated. We hope to see you there!

2016 Annual Report and Liberty Square Project

Our 2016 Annual Report is available! Click the report to view.

Improvements at Liberty Square are now complete! Work was done in the exterior plaza areas to replace the waterproofing assembly that spans over the parking garage, along with installation of detectable warnings to assist individuals with vision impairments.

We threw a party with residents, the construction team, designers, and on-site staff to celebrate the completion of the project. Thank you to all who joined us outdoors among the newly updated landscape and outdoor common area.  We appreciate the crew for their hard work and thank the residents for all their patience during the completion of this project.

We wish you a wonderful holiday season. Happy Holidays and Happy New Year!

Tiny Houses and the 2017 Housing WA Conference

DASH and Evergreen Court staff spent a day in Seattle to build tiny houses. On August 18, we had the opportunity to participate in the Jim Rouse Day of Service led by Enterprise, Low Income Housing Institute, and Seattle Vocational Institute to help protect vulnerable people who are living unsheltered on the streets. Each tiny house is 8 feet by 12 feet, the size of a small bedroom with windows and a locked door. A family of four can fit cozily in each tiny house. Because these houses are under 120 square feet, no permits are required as it is not considered a dwelling unit under the International Building Code. This allowed all volunteers to efficiently work together towards the goal of building 8 tiny houses. The 8 homes that were built are now on a Port of Seattle leased site at Interbay. Learn more here.

Sarah at Housing WA 2017

DASH traveled to Spokane during the first week of October to attend Housing Washington 2017. This nationally recognized conference on affordable housing allowed us to learn from national experts, regional leaders, and local professionals. We learned about funding strategies, housing policy initiatives, and engaged in collaborative discussions while attending various educational sessions. DASH had a great time connecting with colleagues and networking with other professionals in the industry.

AHW and Staff Retreat

DASH invited visitors to tour Evergreen Court Retirement Community during AHW

DASH hosted an open house at Evergreen Court during Housing Development Consortium’s second annual Affordable Housing Week (AHW). We took this opportunity to provide our visitors with tours around our independent and assisted living senior community. HDC lined up an events calendar and had cities and organizations across King County to participate and bring attention to affordable housing. DASH attended various events throughout the week and felt inspired with all the local advocacy efforts for affordable homes.

DASH staff recently reviewed goals, strategic initiatives, and learned about housing development planning and financing at our annual DASH Staff Retreat. We also shared our personal commitments to DASH’s mission, established higher trust among team members, and discussed the organization’s strengths and areas of opportunity. We left with clarity and understanding about our roles, DASH’s purpose, guiding principles, and impact to our community.

Imagine Housing’s AHW event at Velocity

Did you know DASH was founded in 1991 in response to an affordable housing need in downtown Bellevue? Since its founding, DASH has provided more than 1,000 units of housing to support over 9,300 residents in the last 25 years. DASH has built homes and apartments that serve a diverse range of people that include adults, families, seniors, and individuals with special needs.

Thank you to all who took their time to visit Evergreen Court during AHW. Stay tuned for our next update in September!

Board Retreat, HDC Celebration, and Staff Changes

We started the year with the DASH Board to discuss issues of affordable housing at a deeper and more thoughtful level while creating a degree of shared ownership in key planning issues. At the annual DASH Board Retreat, the Board had the opportunity to learn more about DASH and dived into matters regarding our residents, employees, and business model.  We also learned about future trends in the workforce and population and how that will impact the need for affordable housing in the future.  We all left with a renewed sense of motivation and enthusiasm to work towards our mission this year.

HDC’s Annual Celebration Luncheon – 2017

On March 7, DASH attended Housing Development Consortium’s Annual Celebration Luncheon. HDC unites organizations, mobilizing members to advocate for public policies and come together to build leaders and networks around one shared vision.  We all believe that people should live in dignity in safe, healthy, affordable homes within communities of opportunity. It was great to recognize their work in the affordable housing sector.

Recently, the DASH staff has been undergoing change as our cherished colleague and team leader, Alicia Campo, accepted an exciting job offer at another organization.  We hosted a farewell party at Evergreen Court to thank her for 10 years of dedicated service and express our best wishes for her future.  It was bittersweet to say goodbye as she will be greatly missed by everyone who had the opportunity to work with her.

DASH welcomes a new staff member, Tim Locke. Tim has joined DASH as our Director of Portfolio Management.  He brings 15 years of experience in affordable housing development and more than 20 years of experience in real estate and community development work.  He previously worked with Brawner and King County Housing Authority for 11 years.  We are happy to announce he joined DASH as a key partner in our team.

Affordable and public housing providers are invested in the lives of their residents and want to offer the support people need to thrive. We know affordable housing is fundamental to the health and well-being of individuals, families, and seniors, so we are excited to continue on towards our mission.

Stay tuned for our next update coming June!

2016 Year in Review

We are excited to update you on DASH activity this last quarter of 2016 and review DASH’s 25th year.

(left to right: Roberta Schur, Bank of America; Chris Buchanan; Dan Landes, King County Housing Authority; Alicia Campo)

In October, DASH attended the 23rd Annual Affordable Housing Conference. The conference provided us a forum for learning, discussion, networking, and allowing us to connect with our partners and colleagues. The conference was a good reminder about the amount of talent and passion within the affordable housing field. We were happy to see familiar faces and make new friends at Housing Washington 2016.

New staff – DASH now has a Director of Real Estate Development.  We welcome Chris Buchanan! Chris originally joined DASH in 2014 as a consultant, managing the design and construction of our multiple communities.  Her expertise was shaped through her involvement in building design and construction across a wide range of industries over the last 20 years.  We are happy to announce she joined DASH as a key partner in our team.

2016 Year in Review:

Affordable Housing Advocacy

DASH was founded in 1991 to preserve affordable housing in downtown Bellevue. As the demand for affordable housing in our Eastside and nearby south communities grew at staggering rates, we are now one of the most progressive non-profit housing developers in the greater east King County region.

DASH is an active member on the Technical Advisory Group that is working on recommendations to inform the City of Bellevue Housing Strategy Plans.

Our fundamental goal is to make housing permanently affordable. Last year, DASH attended City of Bellevue’s Affordable Housing Community Education Forum and participated in HDC’s first ever Affordable Housing Week (AHW) to raise awareness.  We advocate policies that support the development of affordable housing and the increase of subsidies that make housing more affordable. With ARCH, we had an opportunity to meet Patty Kuderer to talk about affordable housing.  We worked hard last year to mobilize these efforts by working together.

DASH strives to be a leader in the affordable housing movement with the belief everyone should have access to live in safe, healthy, affordable homes in thriving communities.

Organizational Development

In March, we reached a milestone for DASH’s organizational health and business development. DASH transitioned into self-management of Evergreen Court Apartments, our independent and assisted living community.  DASH’s historic expansion into senior assisted living with Evergreen Court marked the first assisted living senior project using low-income housing tax credits and tax-exempt bond financing in King County.  As we continue self-managing the site, operations remain stronger than ever.  We thank all the Evergreen Court staff for working hard to allow a smooth transition and continued success of this community.

We also thank our Board of Directors, who all help DASH be a successful and sustainable organization. We set out to increase our knowledge in finance, organizational development, and housing development in the group last year, and welcomed Andrew Miller and Roberta Schur to our Board.

We also welcomed new staff– Chris, our Director of Real Estate Development and Sarah, our Project Coordinator, to the DASH team.

Housing Development

In 2016, DASH gained site control of a transit oriented development (TOD) site in Woodinville through a purchase and sale agreement. DASH envisions a mixed-use community featuring a commercial space for a child development center that is integrated with affordable housing serving incomes below 60% AMI.

We made progress on our Vision 2025 strategic plan that focuses development in the Bel-Red corridor in collaboration with the YMCA. This year, we had the opportunity to bring partners together to realize a vision for a state of the art, transited oriented, affordable, and family friendly community throughout the Bel-red Corridor.  In collaboration with Imagine Housing, DASH has been awarded a grant to support the Vision 2025 effort.  We’re determined to continue to advance our Vision 2025 strategic plan.

New Partnerships

DASH believes in the power of collaboration and working together. Last year, we worked with other non-profit organizations to help with development plans and expand programs.  YMCA continues to provide afterschool enrichment programs at Summerwood Apartments.  The program is at full capacity with 25 kids participating.

DASH began working with a non-profit provider in the City of Kirkland to develop a concept for a diverse community providing sober and low-income senior housing.   The concept is in early design stages.

Asset management

Committed to our founding philosophy to maintain an entrepreneurial, but non-profit approach with low overhead, we continue to execute the repositioning of our portfolio. Last year, we worked diligently to prepare for the re-syndication of Heron Run and Heron Landing in Kenmore, WA.  The Herons communities are projected to receive $4.2 million in renovations.  We plan to prioritize these funds to ensure these communities are preserved for its next lifecycle.

DASH transitioned Garden Grove, Glendale, Wildwood communities to Quantum Management Services. This strategy was to recognize efficiency in working with a third-party company to provide management to DASH’s entire portfolio of affordable housing assets.  DASH values the well-being of our residents and thank Quantum for their property management services provided to our communities.

Looking ahead:

DASH delivers on the promise of affordable housing for working families, seniors, adults and people with special needs by creating communities where people can live safely, independently, within their means and near their work. We continue to search for new opportunities to build housing and increase density on our communities.

We look forward to our Herons preservation plans and meeting with lenders and funders to ensure resources are available to execute Vision 2025.

Thank you to all our partners and friends that allowed another successful year for DASH.

Happy Holidays!

Our 2015 Annual Report is available!

front Check out our 2015 activities which include celebrating 25 years of affordable communities, building new partnerships, growing our organization, new developments, and our affordable housing advocacy efforts.

Management Change
Our Bellevue properties, Garden Grove, Glendale and Wildwood Court, are now managed by Quantum. We thank them for their commitment to provide professional and results oriented property management services for our communities.

Lunch with Legislator
On September 13, ARCH and DASH had the pleasure of having Representative of 48th Legislative District, Patty Kuderer, join us for lunch at Evergreen Court to talk about affordable housing.  It was great to invite Representative Kuderer to Evergreen Court, the only place on the Eastside that offers seniors assisted and independent living in the same facility.  As we spent time together, it was clear that Representative Kuderer is an advocate for affordable housing. We appreciate her taking time to meet with us and celebrating grandparent’s day at Evergreen Court!

2016 Housing Summit
DASH attended the 2016 Housing Summit presented by Master Builders Association of King and Snohomish County.  The outcome of the summit was a call to action for the 2017 legislative session to increase affordable workforce housing near job centers,  focus policy action on buildable land supply, and restore and protect vested development rights.

Thank you to our partners and friends for helping us ensure everyone has an affordable and quality place to call home. As the end of the year approaches, we are pleased to say DASH is achieving its 2016 goals.  Stay tuned for our year in review!

Happy holidays to all from DASH! For those who are traveling this holiday season, we wish everyone safe and trouble-free travel.