Issaquah Highlands Has Affordable Housing

Written by: rebecca and filed Under Blog, Buyers, Issaquah, Issaquah Highlands, Real Estate |

In addition to the current affordable housing, another 60 units, a combination of rentals and single family homes, will soon be under construction. Division 95, the last chunk of land previously not committed to any one in particular to build affordable housing has finally found at least one developer.

For those of you not familiar with Division 95, it is North of Park Drive, on the West side of 25th Ave NE, and right at the intersection of 25th Avenue NE and Logan Street.

The site plan calls for 50 rental units (location indicated by the blue shading in the picture) and 10 single family homes. The 10 single family homes will be directly adjacent to 25th (as indicated by the red shading in the picture). These homes will be built by Habitat for Humanity and are scheduled to break ground sometime this year. If you would like to help out in this project, please check out the volunteer page at the East King County Habitat Website.

Port Blakely is still trying to find a non-profit builder for the 50 rental units. They have proposals out to several different builders currently. If no builder is found in the next 12 months, PortBlakely will most likely step in and take the ball on this.

And for all of you who might be concerned about “Affordable Housing” bringing down property values or not fitting in the community, here is some food for thought. “Affordable Housing” already makes up about 20% of Issaquah Highlands real estate. It must pass the same Architectural Review Standards that all the other homes do to ensure there is a level of consistent quality. In addition, to qualify for affordable housing you must meet certain income requirements. Depending on the unit you are trying to acquire, a single person can make up to 80% of the median income to qualify for the most affordable programs, all the way up to 120% of the median income before they no longer meet the requirements. The median income in 2007 for a single person was $54,500.

Comments

7 Responses to “Issaquah Highlands Has Affordable Housing”

Alice Norkus on February 26th, 2008 3:21 pm

I would like to move to Issaquah to be close to my daughter and her family. Can you please tell me how the income is calculated for this low income housing? My main income is from Social Security, have some other income and once my home sells here in Florida will have some cash.

Any help you can give me with this matter will be much appreciated.

Sincerely,
Alice Norkus
rebecca on February 26th, 2008 5:24 pm

Hi Alice,

Very nice to hear from you. I wanted to let you know that I got your questions and will answer them asap – but I am headed out to an appointment right now and will be tied up for a few hours. I look forward to touching base with you more in depth in the near future.
alicia on June 4th, 2008 10:52 am

Hello, I am a single parent currelty living in Issaquah.. I’m wondering when this progect for the eastside habitat for humanity will start. I am looking forward to making an upgrade if at all possible. I have heard a little about habitat for humanity, how do I get involved? PLEASE CONTACT ME AS SOON AS YOU CAN. THANK YOU
Amy on January 11th, 2009 1:01 pm

I understand that the homes must pass the architectural standards set forth by IH CCR’s. But, is there sufficient data that shows that affordable homes do not decrease existing home property values?
Ginny Garrity on February 15th, 2009 2:32 pm

I am a single parent and would eventually like to purchase again. I would like some information on your affordable housing being built in the Highlands. Can you please give me a phone # to contact you?
Thank you,
Ginny
Randy Hill on April 11th, 2009 8:12 am

I am looking to move to Issaquah to be closed to my daughter and my grandchildren, and am wondering if there is any low income houseing apartments, townhomes, or any system set up for same. Any Help is appreciate. Thanks Randy Hill / bushmaster50@yahoo.com / 2063493611
Ginny Garrity on April 11th, 2009 10:53 am

How can I get literature to get involved with Habitat for Humanity?