The Rainier Valley Community Development Fund will no longer be a partial owner in HomeSight’s Othello Square Project.
Though the Rainier Valley Community Development Fund (RVCDF) originally signed a letter of interest with HomeSight to become a partial owner of Building A in the mixed-use development, when it came to the capital call, RVCDF Board President Doug Cargill said that they “couldn’t square the circle,” and had to prioritize the nonprofit lending firm’s capacity to continue serving clients.
HomeSight, a nonprofit focused on homeownership and economic development, purchased 3.2 acres near the Othello Light Rail Station Friday for use as the site of a new community center. The center will be named Othello Square based on the results of a poll conducted by the nonprofit. Continue reading Nonprofit Secures Land for Othello Community Center→
As housing prices in Seattle continue skyward and the specter of gentrification looms, cooperative housing stands as a largely untapped alternative model.
Seattle led the nation in home price increases this summer. Recent data released from Northwest Multiple Listing Service places Seattle’s average single-family house at $666,500. The affordability of rentals hasn’t fared much better. The average monthly rent for a one-bedroom apartment increased 38 percent from 1998 to hit $1,412. Continue reading Cooperatives Offer Affordable Housing Alternative to Seattleites→
The headlines and local news broadcasts can’t stop talking about the hot Seattle real estate market. A recent Seattle Times article reported 41 offers for an uninhabitable property in West Seattle over the 4th of July holiday, making it the topic of every coffee-shop-and-water-cooler-conversation in the City when we went back to work. With June statistics now available, I thought it would be interesting to see what is happening in our Southeast Seattle neighborhoods.Continue reading State of Seattle’s Real Estate Feeding Frenzy→
Spring weather is here and homeowners in South Seattle and beyond are inspired to get some seasonal cleaning and sprucing up done. I recently have been helping clients who are getting their homes ready for sale and feel an uncontrollable urge to shout: PAINT COLOR IS IMPORTANT!!! Continue reading Home Fashion 101: Make it Or Break It, Spring Colors→
Anyone who has Seattle Real Estate on their radar is aware of one big overwhelming issue.We are woefully short of available housing. For the foreseeable future, home buyers will be scrambling for houses as soon as they hit the market. Several factors are contributing to the shortage: Continue reading Seattle’s Big Short: Housing Inventory→
Seattle/King County Real Estate values have rebounded from the Great Corruption/Recession which began in 2008; some analysts are reporting that prices have returned to what they were in the peek market of 2007. Seattle Metropolitan neighborhood values increased sharply last year and the upward trend continues. Continue reading Seattle Real Estate Forecast: Sellers Rejoice, Buyers Lament→
Amplifying the Authentic Narratives of South Seattle
