Housing Resources Bainbridge
Housing Resources Bainbridge is a 501(c)(3) community land trust on Bainbridge Island, WA that develops and stewards permanently affordable rental and homeownership housing for low- and moderate-income households through 99-year ground leases and resale-restricted pricing.
- Company typePrivate
- Founded1989
- HeadquartersBainbridge Island, United States
- Headcount1–10
- GTM typeB2C
- OfferingServices
What Housing Resources Bainbridge does
Housing Resources Bainbridge (HRB) is a 501(c)(3) nonprofit community land trust founded in 1986 (incorporated 1989) and headquartered on Bainbridge Island, Washington. The organization operates three core programs: Rental Housing (103 apartments across nine properties, with rents set below market by government funders and adjusted annually), Homeownership through a community land trust model (60 homes in the existing portfolio plus 42+ in development), and Independent Living at Home (home modifications for older adults and people with disabilities, having served over 250 islanders since inception). The underlying technology is the community land trust model: HRB retains ownership of the land and sells only the home, with a 99-year ground lease that uses a resale formula (typically 1.5% interest compounded annually) to permanently preserve affordability while allowing homeowners to build equity. Since 1989 HRB has developed or acquired 164 permanently affordable homes on Bainbridge Island, where the median home price exceeds $1.3 million.
HRB's revenue model is multi-stream and characteristic of a nonprofit community land trust: charitable donations and fundraising (including a capital campaign for Finch Green with premier sponsor Via Rosa 11), rental income from 103 below-market units, one-time home sales at below-market prices to income-eligible buyers, and competitive government grants (notably a $2.5 million award from the Washington State Department of Commerce Housing Trust Fund in 2024 and $15,000 per home from HUD's Self-Help Homeownership Opportunity Program). Eligibility is determined by Area Median Income (AMI) percentages, with most homeownership units reserved for households at 80% AMI or below and rental units typically for those at 50% AMI or below. Go-to-market is community-led, combining a waitlist system with direct outreach to employers, churches, schools, and healthcare providers whose workforces depend on affordable housing. Approximately 250 families are on the rental waitlist and 200 households inquire about purchasing annually. The organization is led by Executive Director Phedra Elliott (since 2017) and a volunteer board chaired by Siri Kushner (since 2005), with 11 staff and a single Bainbridge Island office.
Housing Resources Bainbridge firmographics
Firmographics- Name
- Housing Resources Bainbridge
- Legal name
- Housing Resources Bainbridge
- Website
- https://housingresourcesbi.org
- Company type
- Private
- Founded year
- 1989
- Operating status
- Operating
- Headcount range
- 1–10 employees
- Short description
- Housing Resources Bainbridge is a 501(c)(3) community land trust on Bainbridge Island, WA that develops and stewards permanently affordable rental and homeownership housing for low- and moderate-income households through 99-year ground leases and resale-restricted pricing.
- Ownership category
- akta.pro rank
Housing Resources Bainbridge industry classification
Industry- Product category
- Community Land Trust / Affordable Housing
- NAICS
- Residential Property Managers (531311), Lessors of Residential Buildings and Dwellings (53111)
- SIC
- Real Estate Agents & Managers (For Others) (6531), Lessors Of Real Property, Nec (6519)
- akta.pro primary industry
- Affordable Housing & Community Development (Housing, Community Land Trusts) (BPAGALAC)
- akta.pro secondary industries
- Affordable & Subsidized Housing Property Management (LIHTC, Section 8) (BPAJAFAD), Public & Affordable Housing Programs (Subsidies, Vouchers, Public Housing) (BPAIANAA)
Keywords
Where Housing Resources Bainbridge is headquartered
LocationHeadquarters
- HQ city
- Bainbridge Island
- HQ country
- United States
- HQ region
- North America
Offices1 record
Markets served
Housing Resources Bainbridge business model
Business model- GTM type
- B2C
- Offering type
- Services
- Cost components
- Personnel, Operations, Marketing or Sales, Infrastructure, Others
Revenue model
- Donations and Fundraising: HRB relies on charitable donations from individuals and businesses, with a capital campaign for specific projects like Finch Green. The organization has a premier sponsor (Via Rosa 11) and accepts business sponsorships.
- Rental Income: HRB owns nine properties totaling 103 rental homes. Rents are set below market rate by government funders and adjusted annually. Some units are subsidized where tenants pay 30% of income.
- Home Sales: HRB sells homes through its community land trust to income-eligible buyers at below-market prices, with the organization retaining land ownership.
- Government Grants: HRB receives competitive grants including $2.5 million from Washington State Department of Commerce Housing Trust Fund in 2024, and $15,000 per home from HUD's Self-Help Homeownership Opportunity Program (SHOP).
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| One time/ perpetual license | One time/ perpetual license | Wintergreen Townhomes Phase 2 - Base price with subsidies |
| Subscription | Monthly | Rental units - Income-based pricing |
| Unit Pricing | Multi-year contract | Homeownership eligibility - Income limits |
Go-to-market motion1 record
Distribution channels4 records
Marketing channels6 records
Housing Resources Bainbridge product offering
Product offeringCore offering
Housing Resources Bainbridge operates as a community land trust providing affordable rental housing (103 rental homes across 9 properties) and permanently affordable homeownership opportunities (60 homes with resale restrictions) through a 99-year ground lease model. It also runs an Independent Living at Home program providing home modifications for older adults and people with disabilities, targeting income-qualified households on Bainbridge Island.
Product overview
Housing Resources Bainbridge operates as a community land trust offering three core programs: Rental Housing (103 affordable apartments across 9 properties), Homeownership through a community land trust model (60 homes with permanent affordability restrictions), and Independent Living at Home (home modifications for seniors and people with disabilities). The organization is currently developing multiple new housing projects including Wintergreen Townhomes (31 townhomes), Ericksen Community (18-unit rental), Finch Green (22 single-family homes), and a Lovgreen partnership, bringing total homes to over 160 with 60 more in development.
Differentiator
Problem solved
Functional benefit
Products and services
- Rental Housing Program Provides 103 affordable rental apartments distributed across nine properties in downtown Bainbridge Island. Units range from studios to 3-bedroom apartments, with rents set below market rate and income qualifications based on HUD area median income guidelines; some subsidized units charge 30% of income.
- Homeownership Program (Community Land Trust) Offers 60 homes for ownership through a community land trust model where HRB retains land ownership and leases it to homeowners for 99 years. Homes are priced below market rate for households earning 80% or less of area median income (some up to 120% AMI), with resale restrictions ensuring permanent affordability.
- Independent Living at Home Program Provides health and safety home modifications and repairs for older adults and people with disabilities to remain in their homes. Services include grab bar installation, ADA toilet upgrades, exterior ramps, flooring replacement, and weatherization repairs, offered free of charge for income-eligible households.
- Wintergreen Townhomes 31 one-bedroom townhome units in a 73-unit mixed-income community off High School Road. Built by Central Highland Homes, with units priced at approximately $274,000-$380,000 before subsidies (HRB subsidy of $105,000 average brings final cost to ~$275,000), expected completion 2026.
- Ericksen Community An 18-unit multifamily rental building at the corner of Knechtel Way and Ericksen Ave in downtown Winslow. Includes twelve 1-bedroom and six 3-bedroom units, designed by Wenzlau Architects and meeting Evergreen Sustainable Development Standards, with completion expected Q3 2026.
- Finch Green A planned community of 22 single-family homes for homeownership on land donated by Bethany Lutheran Church. Homes will be 2-4 bedrooms ranging from 800-1,400 square feet, with seven ADA-accessible units. Designed by Davis Studio Architecture + Design, with completion expected late 2027.
- HRB at the Oliver 13 affordable one-room units within a larger market-rate development, acquired in 2024 at developer's cost to build.
- Ferncliff Village A 40-home neighborhood comprising 24 single-family homes (Phase 1, built 2014) and 16 townhomes (Phase 2, built 2016), located on a 6-acre site donated by Lois and King Curtis.
- Wallace Cottages Two 3-bedroom townhomes completed in 2022, part of the mixed-income Wallace Cottages neighborhood.
- Lovgreen Partnership
Quantifiable outcome
- 64 permanently affordable homes created since 1989 (current portfolio)
- +3 more outcomes
Companies that use Housing Resources Bainbridge
Customer profileNamed customers8 records
Segments5 records
Ideal customer profiles3 records
Housing Resources Bainbridge technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature2 records
Housing Resources Bainbridge partnerships and signals
Strategic signalPartnerships
Eleven partnerships are on record, tiered core and supporting.
- Bethany Lutheran ChurchcoreBethany Lutheran Church donated land to HRB for the Finch Green project, creating 22 permanently affordable single-family homes on church property. This partnership was enabled by Washington state law RCW 36.70A.545 requiring cities to grant religious organizations density bonuses for affordable housing.
- Bainbridge Island Land Trust (BILT)coreHRB and BILT partnered on the Lovgreen project, combining conservation with affordable housing. BILT is acquiring 24.5 acres of land and selling a portion to HRB for housing development, with conservation covenants protecting the remainder.
- Central Highland HomescoreCentral Highland Homes is the developer building the Wintergreen Townhomes community, of which HRB is acquiring 31 units for its community land trust.
- Wenzlau ArchitectscoreWenzlau Architects designed the Ericksen Community, an 18-unit multifamily rental building meeting Evergreen Sustainable Development Standards.
- Davis Studio Architecture + DesigncoreDavis Studio Architecture + Design is the architect for Finch Green, designing a small, green-built community of 22 single-family homes with sustainability features including solar panels and EV charging.
- Community FrameworkssupportingCommunity Frameworks provides down payment assistance to HRB homebuyers, helping qualified buyers overcome the down payment barrier to homeownership.
- Helpline HousesupportingHRB partners with Helpline House on the Housing Stabilization Program, where HRB provides housing and Helpline House provides social services to help residents pursue financial independence.
- Low Income Housing Institute (LIHI)supportingLIHI is the developer for the 625 Winslow Way project, a city affordable housing initiative. HRB advocates for and supports this project but is not the developer.
- Finch Green LLCcoreFinch Green LLC is a separate nonprofit created by Bethany Lutheran Church to develop affordable housing on church land. They partnered with HRB in early 2024 to develop the homes through HRB's community land trust model.
- Fischer Bouma PartnershipsupportingLandscape architecture firm designed the Ericksen Community landscape plan, connecting the rental building to the surrounding neighborhood with thoughtful design features.
- High Country Contractors & DeveloperscoreGeneral contractor for Ericksen Community construction. Jud Sanders serves as Project Manager.
Scale indicators9 records
Recent moves14 records
Expansion highlights6 records
Housing Resources Bainbridge competitors and assessment
Company assessmentEmerging players
- Padres Unidos: Smaller-scale community-based affordable housing advocacy and development organization. Less directly comparable in scale but operates a similar nonprofit affordable-housing mission with government-grant dependence in a constrained local market.
Direct peers
- Low Income Housing Institute (LIHI): Seattle-based nonprofit affordable housing developer and operator with rental and homeownership programs across Washington State. Partners with HRB on local advocacy (625 Winslow Way) and operates a comparable income-qualified rental portfolio with similar government-grant dependence.
- Community Home Trust: Community land trust in Chapel Hill, NC operating a resale-restricted affordable homeownership and rental portfolio directly analogous to HRB's model. Comparable size (~400 units) and similar income-qualified ground-lease structure with permanent affordability.
- Champlain Housing Trust: The largest community land trust in the United States, based in Burlington, VT. Operates a shared-equity resale-restricted homeownership model and rental portfolio directly comparable to HRB's CLT structure, serving a similar income-qualified mission across a defined regional geography.
- OPAL Community Land Trust: Community land trust on Orcas Island, WA operating the same island-rural affordable-housing model as HRB — permanently affordable ownership through ground leases plus rental homes — and serving a similarly constrained island housing market in the San Juan Islands.
- Homestead Community Land Trust: Seattle-area community land trust providing permanently affordable homeownership and rental housing under a resale-restricted model. Shares HRB's regulatory moat (CLT ground leases), Puget Sound geography, and reliance on government and philanthropic capital for new construction.
- Island Housing Trust of San Juan County: Community land trust serving the San Juan Islands in Washington State, providing affordable rentals and homeownership opportunities on island geographies with constrained supply — the closest geographic and structural analog to HRB's Bainbridge Island mission.
Broad incumbents
- King County Housing Authority: Large public housing authority serving greater Seattle/King County with subsidized rental programs, project-based vouchers, and affordable housing development. Functions as a regulatory partner and broader affordable-housing incumbent in the same regional ecosystem as HRB.
Regional players
- Habitat for Humanity of Kitsap County: Regional Habitat for Humanity affiliate serving Kitsap County (including Bainbridge Island area), building affordable ownership housing through volunteer sweat-equity and zero-interest mortgages — comparable to HRB's SHOP sweat-equity component but without the CLT resale-restriction mechanism.
Others
- Grounded Solutions Network: National membership organization supporting community land trusts and shared-equity housing providers. Not a direct operator peer but functions as the industry network for HRB's CLT model, providing technical assistance, funding connections, and policy advocacy that directly support HRB's operations.
Market position
Strengths4 records
Weaknesses4 records
Competitive moat4 records
Key risks5 records
Key highlights7 records
Customer concentration
Housing Resources Bainbridge social profiles
Digital presenceHousing Resources Bainbridge financial estimates
Financial estimateRevenue estimate
Valuation estimate
Housing Resources Bainbridge leadership team
Management profileNumber of profiles
Profiles23 records
Housing Resources Bainbridge funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Housing Resources Bainbridge M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Housing Resources Bainbridge
What does Housing Resources Bainbridge do?
Housing Resources Bainbridge operates as a community land trust providing affordable rental housing (103 rental homes across 9 properties) and permanently affordable homeownership opportunities (60 homes with resale restrictions) through a 99-year ground lease model. It also runs an Independent Living at Home program providing home modifications for older adults and people with disabilities, targeting income-qualified households on Bainbridge Island.
Is Housing Resources Bainbridge a public or private company?
Housing Resources Bainbridge is a private company. It is classified as nonprofit foundation owned and is currently operating.
When was Housing Resources Bainbridge founded?
Housing Resources Bainbridge was founded in 1989. It employs 1 to 10 people.
Where is Housing Resources Bainbridge based?
Housing Resources Bainbridge is headquartered in Bainbridge Island, United States, in the North America region.
How does Housing Resources Bainbridge make money?
Four revenue lines are on record. Donations and Fundraising is the primary driver. The others are rental Income, home Sales and government Grants.
Who are Housing Resources Bainbridge's main competitors?
Padres Unidos is listed as an emerging player. Direct peers are Low Income Housing Institute (LIHI), Community Home Trust, Champlain Housing Trust, OPAL Community Land Trust, Homestead Community Land Trust and Island Housing Trust of San Juan County. King County Housing Authority is listed as a broad incumbent. Habitat for Humanity of Kitsap County is listed as a regional player. Grounded Solutions Network is listed as an others.
Does Housing Resources Bainbridge have an API?
No public API is recorded for Housing Resources Bainbridge.
What industry is Housing Resources Bainbridge in?
Housing Resources Bainbridge's product category is Community Land Trust / Affordable Housing. Its primary akta.pro industry code is BPAGALAC, Affordable Housing & Community Development (Housing, Community Land Trusts), with a secondary code of BPAJAFAD, Affordable & Subsidized Housing Property Management (LIHTC, Section 8). Its NAICS code is 531311 and its SIC code is 6531.