New Homes In Development
(Pictured above: Rendering for our homeownership development in Tukwila; Sage Architectural Alliance)
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?
The Southard, 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, The Southard 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, The Southard 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 Southard homes are intended to be highly-energy efficient by making use of solar panels for onsite energy generation and other deep green features.
More information available here: Homestead Kicks Off Construction of The Southard
And at The Southard website: https://www.thesouthard.com/
Developments in Phinney Ridge
(Homestead is developing two condominium projects in the Phinney Neighborhood. At left is the development at 5819 Phinney Ave N (Architect Schemata Design); at right is the development at 6109 Phinney Ave. N. (Architect SKL).)
Homestead will develop at least 19 permanently affordable condominium homes at 5819 Phinney Ave N. on land contributed by a private donor. These light-filled one- and two-bedroom homes will be fossil-fuel free, energy efficient and built to a high-quality and durable standard. This development will feature a common room meeting space on the ground floor suitable for resident dinners and interaction; it will also feature a rooftop amenity space with views of the adjacent Woodland Park. Two ground-floor commercial spaces will be available to purchase, and we look forward to the return of current tenants. This project will include the sale of 6 condominium homes to be sold without income restrictions and proceeds from those homes will be used to reduce the prices of the affordable homes. Construction is expected to start in early 2023. All construction milestones subject to change.
Homestead will develop no fewer than 19 permanently affordable condominium homes at 6109 Phinney Ave. N. on surplus property provided by the City of Seattle. The building will feature a mix of one-, two- and three-bedroom condominium homes. There will also be 9 homes priced near market rate. In addition to the entry lobby there will be ground floor commercial space that keeps the street level of the building light and active. The building will be fossil fuel free; and and these homes will be built to the highest energy efficiency standards, using systems and appliances such as heat pumps for space heating and cooling, as well as hot water. Heat pump clothes dryers, and the latest induction ranges. The systems in these homes are designed to provide the most energy efficient and comfortable homes for today, and resilience in the face of a changing climate. Perched at the top of Phinney Ridge, the building will enjoy commanding views of the Cascades to the East and Olympic Mountains to the West. A large landscaped rooftop deck is available for gatherings, and includes a sizeable area dedicated to gardening for residents to engage in their own food production. Construction is expected to start in late 2022. All construction milestones subject to change.
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