40 units of affordable housing in Burien to be available at half the market rate next year

  • 📰 komonews
  • ⏱ Reading Time:
  • 29 sec. here
  • 10 min. at publisher
  • 📊 Quality Score:
  • News: 43%
  • Publisher: 63%

Habitat For Humanity Nyheter

Burien,Affordable Homes,Habitat SKKC

Construction crews were busy Tuesday continuing work to build new, affordable homes in Burien.

Miller’s Creek CommunityThe next steps include pouring foundations to create 40 new homes, which Habitat for Humanity Seattle-King and Kittitas Counties told KOMO News will be priced in the low $300,000 to mid $400,000 range, in a neighborhood where the average home price is more than $800,000.The homes won’t be ready until the summer of 2025, but families can start planning now to get in on the ground floor and plan now for home ownership.

Families must qualify for this project, with their total household income totaling 80% or less than the area median income. For example, a family of four would need to earn $110,950 or less to qualify. Each buyer must also contribute a minimum of $5,000 for a three-bedroom home and $6,000 for a four-bedroom unit.and keep mortgage rates affordable.

The average monthly payment, which includes the mortgage, property taxes, insurance and HOA dues, will run between $2,675 – $3,300 for the smaller units and $2,875 – $3,500 for the four-bedroom homes.Stay Connected

 

Tack för din kommentar. Din kommentar kommer att publiceras efter att ha granskats.
Vi har sammanfattat den här nyheten så att du kan läsa den snabbt. Om du är intresserad av nyheterna kan du läsa hela texten här. Läs mer:

 /  🏆 272. in SE

Sverige Senaste nytt, Sverige Rubriker