2 units in the Cordivae Co-op are going to be available through Habitat! These homes are part of a 10-home community living project that is being co-developed by Frolic and Allied8. In addition to their private unit, these homeowners will have access to a main common house, community “café”, and a shared courtyard, all of which will help foster a strong community and neighborly relationships. With this development being a co-op, owners of these homes will own a 1/10th “share” of the entire community in addition to having the sole right to live in their unit.
Columbia City has it all, from highly rated schools to vibrant public parks, and stellar public transportation. These homes are situated in North Columbia City, just a 7-minute walk from the Mount Baker light rail station. They are also across the street from the Cheasty Green Belt which boasts miles of trails and is situated across from Jefferson Park. Also within walking distance are Kimball Elementary School, Franklin High School, QFC, Safeway, Mekong Asian Market, Jefferson Community Center, and much more. Columbia City is the most diverse neighborhood in the City of Seattle, so you can enjoy the celebration and sharing of culture, food, and tradition. Whether you want a quiet day in your neighborhood or to commute up to vibrant Downtown Seattle, you can do it all when you live in Columbia City!
These homes are expected to be completed by Spring 2024
What is a co-op?
In a housing co-op, you purchase a “share” of the community and have the sole right to live in your unit. With this comes a smaller down payment, and a monthly co-op fee.
Imagine living next door to your friends, with shared car-free space where you can garden, eat outside, and frolic. When you have visitors, they can stay in the shared guest room, and when you have parties or get-togethers, you can use the common house.
Learn more about this co-op housing approach here.
Unit Mix
Co-Op:
- 10 units total (2 available through Habitat)
- Communal dining spaces, courtyard, storage, guest room, and balconies
Habitat Units:
- Studio Suite: Full bathroom, 346 sq. ft.
- 1 Bedroom: Full bathroom, in-unit washer/dryer, 452 sq. ft.
Resident Profile
- Must have income less than 80% AMI
- Homes will be resale restricted to provide for permanent affordability
- Must be willing to partner and complete sweat equity hours (construction hours requirement will not apply to this development)
- Must meet lender requirements and secure financing to meet minimum mortgage amount
Layouts
Financial Information
Habitat requires our homebuyers to finance the purchase of their home with a mortgage. Any portion of the projected purchase price which is not covered by the mortgage, cash down payment, and/or down payment assistance will be provided by Habitat.
The studio payments will be between $2,043 and $2,400 per month. The one-bedroom payments will be between $2,366 and $2,650 per month.
The two units available through Habitat will have different payment information than the other units available directly through the developer, Frolic.
| Household Size | 80% AMI |
| 1 | $70,650 |
| 2 | $80,750 |
| 3 | $90,850 |
| 4 | $100,900 |
Availability
Applications are OPEN. Applications will be reviewed on a first-come first-serve basis.