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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.

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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 help preserve the quality and affordability of the homes as 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?

Willowcrest Townhomes, Renton

Built on land contributed by the Renton Housing Authority, Homestead Community Land Trust is developing 12 three- and four-bedroom 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 is located in the Sunset neighborhood of the Renton Highlands, a 269-acre neighborhood with 2,689 residents. 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. Willowcrest is the first multi-unit homeownership project in King County that is both affordable to low- and moderate-income households and designed to reduce utilities costs and climate impacts through ultra-high energy efficiency and the elimination of fossil fuels. Start of construction December 2019.

<<Visit the Willowcrest Townhomes Website Here>>

Yakima Avenue Townhomes, Seattle

Homestead and Edge Developers Inc., with outreach partner Africatown CLT, are developing homes for ownership in the Leschi Neigborhood on City of Seattle surplus property located at 1312–1326 Yakima Avenue South. The development will include 10 townhomes for ownership by households of 60 to 80% of area median income and six homes sold without income restrictions. The proceeds from the six market-rate homes will subsidize the prices of the affordable homes. Homes will be three-bedroom townhomes and row houses, built with energy-efficient design and quality construction, and without the use of fossil fuels for heating. These design features will make the homes 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. Construction to start April 2020

Riverton Cascade, Tukwila

Homestead Community Land Trust is developing 18 homes 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 of Tukwila, Riverton Cascade will build 11 family homes at 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. Two of the homes will be owned by Parkview Services and will provide group homes for adults with disabilities. The five remaining homes may be sold without income restrictions. Proceeds from those homes will be used to reduce the prices of the affordable homes.

The Riverton Cascade homes are intended to be highly-energy efficient by making use of solar panels for onsite energy generation and other deep green features. Construction to start Summer 2020.

Phinney Ridge, Seattle

Homestead and partner Edge Developers will develop no fewer than 19 condominium homes on surplus property provided by the City of Seattle in the Phinney Ridge Neighborhood of Seattle. We propose a mix of one-, two- and three-bedroom condominium homes that will be priced to be affordable to households with incomes between 60 and 80% area median income. Community outreach for the project will begin in late 2019 and early 2020. Construction to start Spring 2021.

 

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