On the one year anniversary of Microsoft’s $500 million investment in affordable housing, the company announced an additional $250 million investment in affordable housing. The new investments will be placed with the Washington State Housing Finance Commission to allow them to bridge tax-exempt bond cap as well $50 million to seed the new Evergreen Housing Impact Fund. The limit on tax-exempt bonds and their associated four percent LIHTC is currently stalling projects in Washington State, and Microsoft’s investment will help hundreds of new affordable homes move forward. Microsoft has also seen some success from its initial investment, including the preservation of 1,029 naturally occurring affordable homes through an acquisition by King County Housing Authority.