Ballmer's philanthropy commits to funding 10,000 affordable housing units in WA
The Ballmer Group is committing hundreds of millions of dollars to fund 10,000 new affordable rental homes in Washington state, a dramatic investment focused on keeping families out of homelessness.
The money, announced Thursday, will cover up to $150,000 in forgivable loans per unit, which could result in as much as $1.5 billion from the philanthropy founded by former Microsoft CEO Steve Ballmer and his wife Connie. Though it’s unclear if the total will reach that level.
“We’re a little careful about not saying that we’re committing $1.5 billion, but if that’s what it ends up taking to build the units, we are committing to what it takes,” said John Griffith, the group’s executive director of strategy and operations as well as national housing.
Eligible rentals will have at least two bedrooms and be affordable to families earning roughly 50% of the area median income. For a family of four in Seattle, that would be $82,200.
https://washingtonstatestandard.com/2026/06/11/ballmers-philanthropy-commits-to-funding-10000-affordable-housing-units-in-wa/