Tag Archives: Othello Square

Rainier Valley Community Development Fund pulls out of Othello Square Project

by Carolyn Bick


The Rainier Valley Community Development Fund will no longer be a partial owner in HomeSight’s Othello Square Project.

Though the Rainier Valley Community Development Fund (RVCDF) originally signed a letter of interest with HomeSight to become a partial owner of Building A in the mixed-use development, when it came to the capital call, RVCDF Board President Doug Cargill said that they “couldn’t square the circle,” and had to prioritize the nonprofit lending firm’s capacity to continue serving clients.

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