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You are here: Home About Homestead New Homes In Development

New Homes In Development

All the developments listed below are community land trust homes, subsidized for purchase at below-market rates to qualified buyers who make between 60-80% of Area Median Income.

All the developments listed below are community land trust homes, subsidized for purchase at below-market rates to qualified buyers who make between 60 to 80% of Area Median Income. The supportive services that we provide to homeowners throughout their ownership help assure their success and will help preserve the quality and affordability of the homes a community asset for years to come. More about community land trust homeownership:

How Does Community Land Trust Homeownership Work?

Do I Qualify to Buy a Homestead Home?

Sunset 12, Renton

In partnership with the Renton Housing Authority, Homestead Community Land Trust is developing 12 permanently affordable townhomes for ownership priced to be affordable to those who make between 60 and 80% of area median income. Through energy-efficient design and quality construction, we will create homes that are economical to own and minimize their impact on the environment. The development will be located in the Sunset neighborhood of the Renton Highlands, a 269-acre neighborhood with 2,689 residents. The area is home to the former 100-unit Sunset Terrace distressed public housing project and hundreds of duplexes that were built for World War II defense workers. The boundaries of the area have been a special planning and revitalization zone for more than ten years. In the path of expansion of Rapid Ride bus service in coming years, the neighborhood hosts the Highlands Library, North Highlands Park, Neighborhood Center, and Renton Technical College are also located within the Sunset Area boundary.

This project is on the cutting edge of implementing recommendations made to the State Department of Commerce by the 2017 Housing Affordability Response Team (HART). These include encouragement to “public agencies to consider underutilized public property as an opportunity for affordable housing.”  This project utilizes property owned by the Renton Housing and to be conveyed to Homestead for the development. It represents the first time that Renton Housing Authority has made land available for new construction for another entity to build affordable housing – in this case, affordable homeownership to complement RHA’s affordable rental portfolio. This project addresses a critical area of King County impacted by the suburbanization of poverty with very little historic affordable homeownership development.

RivertonYakimaHomesteadVertical_resized1.jpgYakima Avenue Townhomes, Seattle

Homestead and Edge Developers Inc., with outreach partner Africatown CLT, are proposing to develop homes for ownership in the Central area on surplus City of Seattle property being considered for affordable housing development.  Our plans are for the development of townhomes for ownership by families with 60 to 80% of area median income on the property located at 1312–1326 Yakima Avenue South. We propose a modern, townhome development in keeping with the scale and eclectic architectural character of the neighborhood. Through energy-efficient design and quality construction, we will create homes that are economical to own and minimize their impact on the environment. Working with outreach partners we will conduct affirmative and fair marketing activities that reach those “least likely to apply” and encourage purchases by those with historic ties to the area. Proposal is subject to approval of the property disposition by the Seattle City Council.

Riverton Park, Tukwila

Homestead Community Land Trust proposes the development of up to 18 homes, built in two phases, on land previously owned by the Riverton Park United Methodist Church, located on the NE corner of the intersection of Military Road S & S 140th St in Tukwila. On the Military Road bus line and within a mile of the Tukwila International Boulevard Light Rail Station, Riverton Park will provide transit-friendly, high-quality homes, made permanently affordable through our community land trust.

In the first project of its kind in the City, Riverton Park will provide affordable family homes at a subsidized prices affordable to low- to moderate-income buyers.  Through our community land trust, these homes will be affordable to the first buyer and will remain affordable to all subsequent low-to moderate-income buyers that own the home.

These homes will also be exemplary for their green building features.  The Riverton Park project will seek funding for net zero energy (solar) and other deep green features. Homestead is working with the Church, the City of Tukwila Planning Department, and is engaged with community leaders and neighbors to develop this project to fulfill their respective goals and objectives. We are grateful for the engagement and encouragement of city planners and officials and the opportunity to align this project with their most current and emerging thinking about development in Tukwila.  King County Green Tools and Built Green are also partners to the project.

 

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