Coastal Community Bank (the “Bank”, “Coastal”, “our”) announced its participation in Koz Development’s PNW Attainable Workforce Housing Fund, a community development investment focused on expanding high-quality, environmentally responsible housing for working individuals and families across the Pacific Northwest.
Koz Development’s PNW Attainable Workforce Housing Fund (“Fund”) was established to provide equity financing for attainable and workforce housing in growing communities throughout Washington and Oregon. The Fund focuses on well-located housing near employment centers, educational institutions, transportation, and essential services — places where working households can remain connected to the communities in which they live and work.
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The Fund is designed to serve households that are often caught in the housing affordability gap: people who may earn too much to qualify for traditional housing assistance but still face significant challenges affording quality market-rate housing. By pairing disciplined multifamily development with mission-aligned capital, the Fund seeks to expand housing choice for this workforce or “missing middle” while supporting resilient local economies and employers.
In Washington, Coastal’s investment will also provide equity for Koz developments participating in Ballmer Group’s Washington Family Housing Fund, a philanthropic partnership with the Washington State Housing Finance Commission created to accelerate the production of affordable rental homes for families.
In announcing the investment, Coastal Community Bank said, “Across the Pacific Northwest, many working individuals and families are finding it increasingly difficult to live in the communities where they work.
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