Located in the Loyal Heights neighborhood of Seattle, this project will give seven families a place to live in an area with high opportunity. The land was donated by the City of Seattle as part of Mayor Durkan’s Housing Seattle Now Initiative. Through Habitat’s homeownership model, seven homes will be constructed for low-income families under 80% of the Area Median Income. These homes will meet green building criteria for sustainability and be designed and constructed to ensure healthy, low-cost maintenance homes.
**FAMILIES HAVE BEEN SELECTED**
As with the more than 390 new, low-income homeowners Habitat has served in King County, these new residents will receive financing with help from Habitat to ensure their housing costs are affordable. The property will be placed in a Land Trust ensuring permanent affordability for future generations and families. In an area with an average home price over $815,000 and rising, these homes will ensure that working individuals and families continue to have a place to build lives in Seattle.
- 7 Townhomes
- 3 bedrooms, 2 bath
- 1,200 sq. ft. each
- Permanently affordable
- 7 applicants
- Less than 80% AMI
- Willing to partner & complete sweat equity
- Residing/Employed in King County 1+ year
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.
Housing payments will range between $1,980.00 – $2,500.00. Your monthly payment will be based on your income and household size. Homebuyers must show that they can afford this payment without being cost-burdened (defined as spending more than 35% for your gross income for housing).
Download the Lender Letter below, and contact one of our lenders to get preapproved. Pre-approval is a requirement for your application to be considered.
Applications are closed