Homestead Land Trust to Develop Two Sites on Phinney Ridge
The Phinney Ridge Community Council (PRCC) will host Homestead Community Land Trust who will be building new for-sale homes in the Phinney Ridge neighborhood, with permanently affordable homes priced for community members such as teachers, healthcare workers, transit drivers, nonprofit employees and other workforce neighbors who are priced out of the current housing market. More than half of the homes designated as “affordable” will be sold between $245k and $290k. The other half will be sold at market rate projected at less than $525k
The Phinney Condos will be located at 6109 Phinney Ave N, just north of Fresh Flours. The project will be developed on a surplus Seattle City Light property and an adjacent lot that currently has a single story duplex. Homestead will develop a five story condominium building with approximately 30 homes, 19 of which will be permanently affordable through the community land trust. There will also be approximately 17 parking spaces on-site. The residences will be in a mix of 1, 2 and 3 bedroom homes some of to be sold to households meeting the affordable income requirements.
The PAHO will be located at 5819 Phinney Ave N. will be a five-story condominium building replacing the building that houses A la Mode Pies and apartments with approximately 29 homes, of which 16 will permanently affordable. There will be approximately 15 parking spaces on site. Homestead is working with the Forward Cohousing Group to develop the PAHO as a cohousing development which will welcome homeowners with disabilities.
Homestead seeks to build the most energy efficient and sustainable homes possible in order to keep the cost of ownership down, and minimize environmental impact. We made an early commitment to fossil-fuel free buildings, and are piloting two Net Zero Energy developments in Renton and Tukwila. The Phinney neighborhood, with its walkable streets, and proximity to downtown jobs, is an ideal location for households looking for an opportunity to purchase a home in the City. The limited supply of affordable housing in Seattle forces many of our frontline and moderate income neighbors to live outside of the City in which they work. This increases the impact on our environment, and reduces the diversity in our neighborhoods.
Interested in learning more? Join your neighbors and the Homestead Community Land Trust at the PRCC Zoom Meeting on Tuesday, June 1st at 7pm. You can join the Zoom here.