BRIDGE Housing Raises $92M From Fund Targeting Affordable and Workforce Units

BRIDGE Housing has geared up for more affordable housing investments, raising $92 million from a fund that plans to deploy capital across nearly two dozen West Coast properties.

BRIDGE Housing Impact Fund I gained attraction from institutional firms and investors, including BMO, Capital One, U.S. Bank, Century Housing, PGIM and KeyBank. Also, BRIDGE Housing poured investment into the pool.

This marks the first close of Fund I. Now, the San Francisco-based firm said it will move to the purchasing phase of the fund, where it plans to acquire roughly 3,500 units across about 20 properties.

The company is not only acquiring but also prioritizing the preservation and construction of affordable and workforce housing. Particularly, this applies to West Coast cities that are "at risk of losing income restrictions and becoming eligible for market-rate rents in [the] coming years," according to a statement posted by the firm.

"This first close is a testament to the leadership and commitment of our founding investors who embrace BRIDGE's mission and have confidence in our ability to deliver meaningful impact at scale," said Ken Lombard, president and CEO of BRIDGE Housing.

"By pairing institutional capital with BRIDGE's own balance sheet, we are working alongside our partners to preserve long-term affordability and expand housing opportunities in some of the nation's most challenging markets."

The move by BRIDGE follows its September 2025 announcement, launching a $350 million equity fund, with plans to allow roughly $1 billion in total investment capacity to acquire, preserve and create affordable and workforce housing. Here, BRIDGE Housing is focusing on purchases in the states of Washington, Oregon and California. Also, new projects will be considered.

Overall, BRIDGE said it has been involved in the creation of more than 23,000 affordable homes in Washington, California and Oregon.