Federal Way, Washington
Silver Shadow is a former market-rate property that was acquired and converted into permanently affordable housing. As part of the broader Redondo Heights redevelopment, it now features renovated family units, shared gathering spaces, and on-site resident services. Conveniently located near schools, parks, libraries, and transit, the community offers both accessibility and long-term stability.
Financed as a 4% LIHTC project with tax-exempt bonds issued by the Washington State Housing Finance Agency, equity from Enterprise Community Partners, Amazon Housing Equity funds, direct appropriation funds from the state of Washington, King County Funds, and debt from JP Morgan Chase and JLL.
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