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SEAMAR HONORS IMPACT CAPITAL AT OPENING OF CESAR CHAVEZ VILLAGE
SEATTLE, WA – April 27, 2010 – On Wednesday, March 31st, to coincide with Cesar Chavez’s birthday, Sea Mar celebrated its opening of the Cesar Chavez Village in South Park with live mariachi music and dancing. Heyward Watson, CEO of Impact Capital, received the award on behalf of Impact Capital for their contribution to the successful development of Cesar Chavez Village. Impact Capital was the first funder
to lend to Sea Mar in order to get the project off the ground.
“We are proud to have been an early contributor to this much-needed project,” said Heyward Watson, CEO of Impact Capital. “Sea Mar and Impact Capital recognize that housing and health are linked. To have a healthy family, you have to provide them with a safe, healthy, and affordable home.”
The Village encompasses 25 townhomes ranging from two to four bedrooms. These 25 units are separated in to three categories in order to best serve the Seattle Community, including 5 apartments for formerly homeless families, 13 apartments for families at 30% of King County median income, 7 apartments for families at 40% of King Country median income, and 5 apartments for families at50% of King County median income. The units have been so popular with residents, that they have all been occupied since October 2009.
According to Mike Leong, Sea Mar Housing Director, the South Park Project has already accomplished some remarkable achievements. “We’ve moved a family of five, two parents with three kids that had been living in a pick-up truck for the past several weeks. To move them in on a cold chilly day like today into a warm apartment was an amazing thing.”
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Impact Capital’s mission is to help build and sustain vibrant neighborhoods in underserved communities throughout Washington.