The Homestead Community Land Trust begun construction on Willowcrest in Renton. It is a multi-unit homeownership project designed to be affordable to low- and moderate-income households while also reducing utilities costs and climate impacts through ultra-high energy efficiency and the elimination of fossil fuels – the first of its kind in King County. The project land was provided by the Renton Housing Authority. The homes will be priced below $315,000 and all subsequent purchases and sales of the homes will be for low to moderate income families. Willowcrest is also an example of transit oriented development building near high capacity public transit areas.
Homestead is Community Land Trust nonprofit which preserves and advances access to permanently affordable homeownership as a means to create thriving, equitable and inclusive communities. They have been serving the Puget Sound for 25 years and combines development with counseling and numerous other services. They provide families with pre-purchase counseling, homebuyer readiness, down payment assistance, support through the purchase closing process, and ongoing support to make the path to homeownership possible.
For more information about Homestead or other projects they have completed, please visit their website.
