Rising wealth from Seattle’s technology boom changed the face of a neighborhood that used to be the black community’s historic core. Now, tech wealth is joining efforts to push back against gentrification.
The project, to secure affordable housing in Seattle’s Central District, is one of several backed by a new $10.25 million fund run by a nonprofit that has attracted high-profile investors from the technology world, including two of Amazon.com Inc.’s earliest investors.
Forterra is an unconventional land trust that works across Washington’s communities and landscapes, from the ranches and shrub-steppe of the Yakima basin, to the estuaries, farms and forests of Washington’s coast, reaching more than 100 counties, cities, towns and rural communities. Working cooperatively with people and nature, Forterra drives land stewardship, management and planning; innovative programs and policies; farming and forestry approaches; community ownership opportunities; and development solutions. Visit www.forterra.org.