October 14, To view the full report, click here. Navy warships were built during World War II. This connection is meaningful for the formerly unhoused veterans who call Mercy Magnuson Place home. In just its first full year of operation, Mercy Magnuson has helped to combat homelessness in King County, specifically by providing affordable housing to veterans in the area.
This development has repurposed the storied land it operates on to function as a safe and empowering community for veterans facing housing insecurity in the Pacific Northwest. Edson Tax Credit Excellence Awards competition, a nod to the creative way that the development links the past with the present.
Such affordable housing developments are crucial to sheltering the homeless population in Seattle โ a city that has seen housing insecurity rise by more than 2, individuals over the past decade. According to All Home , a Seattle based non-profit that works to decrease the occurrence and duration of homelessness in Seattle and King County, there were 11, people experiencing insecure housing situations in the area during a point-in-time count that took place at the end of January Despite that increase in homelessness in the region, affordable housing communities like Mercy Magnuson Place have helped bring the number of homeless veterans in Seattle down to individuals in โ a drop of more than unsheltered veterans since We were thrilled to have played a part.
Living on this notable land sparks inspiration for one year-old formerly unhoused Army veteran. There are on-site resident services staff to organize events for school aged children and to organize health and wellness workshops and other community programs as well. Many of the activities and services are centered around community, a key part of the mission for its developer, Mercy Housing, and a key reason that Capital One got involved.
This allowed the development to move into the construction phase and sped it toward its opening. Capital One is on a mission to change banking for good. To be authentic and impactful, our goals for our customers, associates and our communities must be clearly linked. Our Corporate Social Responsibility Report illustrates this commitment. Mercy Magnuson Place: Repurposing a Former Navy Barracks Helping to combat homelessness by providing affordable housing to veterans in the greater Seattle area.
