The city of Renton is a fast-growing suburb that is an ideal location to raise a family. Renton’s high-performing schools and high-quality medical care make it attractive to families. This project will add much-needed affordable housing stock to this part of King County. The homes slated will be some of the only new, permanent, single-family housing solutions suitable and affordable for low-income families.
**FAMILIES HAVE BEEN SELECTED**
In an area with an average home price of well over $461,000 and rising, these homes will ensure that low-income, individuals and families can continue to have a place to build their lives in King County. 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. These properties will be placed in the Habitat Land Trust, ensuring permanent affordability for future generations and families.
12 Units — 3 buildings, each building will have two 4 BR (1,225 sq. ft.) end units and two 3 BR (1,100 sq. ft.) interior units
1 accessible unit
Quiet neighborhood at end of private road
Sustainable units that are certified to Evergreen Sustainable Development Standards
Less than 80% AMI
Willing to partner & complete sweat equity
Residing/employed in King County 1+ year
Open to households of 1-8 people
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 $1,675.00 – $2,300.00. 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.
These homes will be new and are currently under construction estimated to be complete late Fall 2021.