Community Frameworks, a Spokane nonprofit, says it will develop a $4.3 million, 30-unit affordable housing project in Spokane Valley, beginning this summer.
The development, to be called Valley Pointe, will be located on 4.4 acres at 10309 E. Fourth, a block west of University Road, says John Fisher, the agency's program manager for an affordable-home ownership program called HomeStarts.
Community Frameworks is acting as its own contractor on the project, and Zeck Butler Architects PS, of Spokane, designed it. Whipple Consulting Engineers, of Spokane Valley, is the civil engineer.
Site work will begin this summer, and construction on the first of three 10-unit phases will begin in the fall, Fisher says.
Valley Pointe will be developed as attached energy-efficient row houses with six residential units in each of three structures and four units in each of three other structures, plus surrounding green space and a community park. Living units there will have two or three bedrooms and will range from 1,100 to 1,300 square feet of floor space, Fisher says.
The homes will be designed to meet the needs of first-time home buyers who have annual income below 80 percent of the metropolitan-area median income, Fisher says, adding that the annual income limit on eligibility to buy a home there would be $48,150 for a family of four or $38,500 for a two-person household.
Sales prices for the homes are expected start at under $140,000, he says.
The project will be funded in part through a $500,000 grant from the Washington state Housing Trust Fund. The U.S. Department of Housing and Urban Development provided an additional $450,000 through its Self-Help Home Ownership Program.
Valley Point will be the agency's first project in Spokane Valley since 2006, when it completed Dishman Commons, a development with 36 condominium units and 50 single-family homes near 16th Avenue and Dishman-Mica Road.
Community Frameworks also is developing 24 ranch-style single-family homes at Takoda Park, near the southeast corner of Thomas Mallen and Hallet roads, on the south side of Interstate 90 about a mile east of the Medical Lake interchange, and a 36-lot phase of Greenfield Estates near Francis Avenue and Havana Street.
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