April 5, 2010
FOR IMMEDIATE RELEASE
CONTACT: Eric Pravitz, eric@homesightwa.org
New South Downtown Development, Pontedera, Celebrates Grand Opening
SEATTLE, WA – HomeSight, a local non-profit housing developer and mortgage lender, announces the Grand Opening of The Pontedera Condominiums, the most affordable new condominium development in South Downtown. Wednesday April 7, 2010 at 10: 30AM Deputy Mayor Darryl Smith will join other luminaries and new homeowners at the Ribbon Cutting ceremony for this newly completed development located at 827 Hiawatha Place South. Light refreshment and tours will be available immediately following the ceremony.
With 94 residential condos in a mix of 1, 2, and 3 bedrooms, plus 8 commercial live/work lofts, the Pontedera offers a variety of housing options with special priced units starting at $199,950. HomeSight has assembled an impressive package of financial assistance and incentives which include a 12-year property tax exemption, up to $120,000 in purchase assistance for qualified buyers and no HOA dues until February 2011, to create the best possible opportunity for homeownership close to downtown jobs.
The Pontedera is the largest single phase affordable homeownership development in Seattle, and the largest development HomeSight has undertaken in its 20 year history. HomeSight is extremely proud of how The Pontedera demonstrates that attractive, high quality construction, can also be affordable to low income first time homebuyers. Located on a major bicycle commuting route The Pontedera has parking and storage for approximately 180 bicycles in addition to a bicycle repair and maintenance room. And to accommodate the future growth in alternative fuel vehicles The Pontedera is the first condominium building in Seattle to include an electric car re-charging station.
The Pontedera represents the final piece of a two block re-development area that has been in the works for over two decades. HomeSight is proud of its role in constructing two of the five developments that have transformed vacant City owned lots into the focal point of the Jackson Place Community. The Pontedera will provide an opportunity for those families of modest means who want to live in Seattle to purchase a home and find stability here in our city.
HomeSight is a Washington State non-profit corporation that builds affordable, for-sale housing, and is Washington State’s first non-profit mortgage broker. HomeSight has leveraged its experience working with first-time homebuyers to provide an array of assistance and incentives to help everyone interested in buying a new home at The Pontedera realize the best value for their home purchase dollars. Our nationally recognized free counseling program can help prospective buyers reduce their borrowing costs, and set a firm financial foundation by being smart borrowers. HomeSight is committed to providing value and creating opportunities for sustainable and secure home ownership through quality homes and responsible lending. HomeSight is a non-profit 501(c) 3 Community Development Corporation, U.S. Department of Treasury certified Community Development Financial Institution, and a NeighborWorks® America chartered member.
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September 9, 2009
FOR IMMEDIATE RELEASE
CONTACT: Eric Pravitz, eric@homesightwa.org
Seattle’s Newest Condominium Development, The Pontedera, Is Offering Savings Of Over $26,000 To Qualified Buyers
SEATTLE, WA – With the $8,000 Federal tax credit program for first time homebuyers expiring soon HomeSight, a local non-profit housing developer and mortgage lender, announces a new program that can save homebuyers over $26,000 in taxes. The Pontedera Condominiums, a beautiful new South Downtown development, already Seattle’s most affordable new condominium, becomes even more affordable with the Seattle Multifamily Property Tax Exemption Program. The Pontedera is the only new condominium building in Seattle approved by the City to make this offer to homebuyers.
The Property Tax Exemption Program is available to buyers with household incomes up to 120% of the area median. It provides the eligible buyer with an exemption on the property tax assessed on the home for up to 12 years. The buyer of a typical two bedroom condominium priced at $298,000 will save approximately $2,162 per year in property tax payments. Over the 12 year term of the exemption that will be a savings of $26,000. After adjusting for inflation the actual savings should be even bigger.
To be eligible for the Program a buyer of a one bedroom home can have a household income equal to the median income for the Seattle area. For the buyer of a two or three bedroom home their household income can be up to 120% of median. Median income in Seattle is currently $67,400 for a two person household. The benefits of the tax exemption are transferrable to a subsequent buyer as long as they meet the same eligibility criteria as the original buyer.
The value offered by HomeSight at the Pontedera is second to none in the City of Seattle. HomeSight’s Mortgage Lending staff has put together an assortment of incentives and assistance tailored to help nearly everyone interested in purchasing a new home realize the best value for their home purchase dollars. Working with their lending partners, HomeSight can offer fixed rate mortgages with the lowest rates available in Seattle.
HomeSight is a Washington State non-profit corporation that builds affordable, for-sale housing, and is Washington State’s first non-profit mortgage broker. Our nationally recognized free counseling program can help prospective buyers reduce their borrowing costs by improving their credit and savings prior to closing on the purchase of their new home. HomeSight is committed to providing value and creating opportunities for sustainable and secure home ownership through quality homes and responsible lending. HomeSight is a non-profit 501(c) 3 Community Development Corporation, U.S. Department of Treasury certified Community Development Financial Institution, and a NeighborWorks® America chartered member.
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July 15, 2009
FOR IMMEDIATE RELEASE
CONTACT: Eric Pravitz, eric@homesightwa.org
New South Downtown Development, The Pontedera, Hosts Summer Buyer Preview Event
SEATTLE, WA – HomeSight, a local non-profit housing developer and mortgage lender, announces a Summer Buyer Preview Event for The Pontedera Condominiums, the most affordable new condominium development in South Downtown. With the building now 70% complete HomeSight is inviting the public to come see the neighborhood, learn more about The Pontedera, and talk to HomeSight staff about the development, and our mortgage lending packages. The Summer Buyer Preview Event is an open event running from 4:30PM until 8:30PM on Wednesday, July 22nd, in the Hiawatha Lofts Community Room located at 843 Hiawatha Place S.
Light refreshments and entertainment will be provided.
The Pontedera offers great value and HomeSight has assembled an impressive package of financial assistance and incentives to create the best possible opportunity for homeownership close to downtown jobs. The Pontedera is the only condominium development in Seattle that offers the City’s Property Tax Exemption Program to qualified buyers.
HomeSight is extremely proud of the attention to detail in the design and construction of The Pontedera. The value offered by HomeSight at the Pontedera is second to none in the City of Seattle. HomeSight’s Mortgage Lending staff has put together an assortment of incentives and assistance tailored to help nearly everyone interested in purchasing a new home realize that dream at The Pontedera. Working with their lending partners, HomeSight can offer fixed rate mortgages with the lowest rates available.
HomeSight is a Washington State non-profit corporation that builds affordable, for-sale housing, and is Washington State’s first non-profit mortgage broker. HomeSight has leveraged its experience working with first-time homebuyers to provide an array of assistance and incentives to help everyone interested in buying a new home at The Pontedera realize the best value for their home purchase dollars. Our nationally recognized free counseling program can help prospective buyers reduce their borrowing costs by improving their credit and savings prior to purchase and closing.
HomeSight is committed to providing value and creating opportunities for sustainable and secure home ownership through quality homes and responsible lending. HomeSight is a non-profit 501(c) 3 Community Development Corporation, U.S. Department of Treasury certified Community Development Financial Institution, and a NeighborWorks® America chartered member.
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June 24, 2009
FOR IMMEDIATE RELEASE
CONTACT: Eric Pravitz, eric@homesightwa.org
New South Downtown Development, The Pontedera, Opens Sales Office
SEATTLE, WA – HomeSight, a local non-profit housing developer and mortgage lender, announces the opening of its on-site sales office for The Pontedera Condominiums, the most affordable new condominium development in South Downtown. The on-site sales office will provide a convenient location for prospective buyers to get more information on the development, and talk to a mortgage lending professional about the various financing incentives available at The Pontedera. The sales office, located at 827 Hiawatha Place S., will be open from 1:00 to 4:00PM Saturday and Sunday, and other times by appointment. Visiting the onsite sales office introduces prospective buyers to the dynamic and cosmopolitan South Downtown neighborhood. The Pontedera offers great value and HomeSight has assembled an impressive package of financial assistance and incentives to create the best possible opportunity for homeownership close to downtown jobs.
HomeSight is proud to introduce their listing agent Jada Pettigrew, Associate Broker with Windermere Real Estate. Ms. Pettigrew brings over a decade of both residential and commercial real estate experience to The Pontedera team. Her expertise has earned her numerous awards, including the prestigious Seattle Magazine Five Star award for excellence in customer service.
HomeSight is a Washington State non-profit corporation that builds affordable, for-sale housing, and is Washington State’s first non-profit mortgage broker. HomeSight has leveraged its experience working with first-time homebuyers to provide an array of assistance and incentives to help everyone interested in buying a new home at The Pontedera realize the best value for their home purchase dollars. Our nationally recognized free counseling program can help prospective buyers reduce their borrowing costs by improving their credit and savings prior to purchase and closing.
HomeSight is committed to providing value and creating opportunities for sustainable and secure home ownership through quality homes and responsible lending. HomeSight is a non-profit 501(c) 3 Community Development Corporation, U.S. Department of Treasury certified Community Development Financial Institution, and a NeighborWorks® America chartered member.
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April 28th, 2009
FOR IMMEDIATE RELEASE
CONTACT: Eric Pravitz, eric@homesightwa.org
www.pontederacondos.com
New South Downtown Development, Pontedera, Debuts Online
SEATTLE, WA – HomeSight is proud to announce the launch of its new website for the Pontedera Condominiums, the most affordable new condominium development in South Downtown. The new website introduces prospective buyers to the dynamic and cosmopolitan South Downtown neighborhood, and provides information on the quality construction and energy efficient systems used in developing 94 homes in The Pontedera condos and lofts. The Pontedera offers great value and HomeSight has assembled an impressive package of financial assistance and incentives to create the best possible opportunity for homeownership.
The Pontedera is HomeSight’s most ambitious development and represents the culmination of all that they’ve learned in over 18 years of home building and lending. Located blocks from Rainier Avenue and Jackson Street, the Pontedera is close to major transit lines, employment centers, diverse neighborhoods, vibrant business districts, and the downtown core. The Pontedera is not just an attractive building; it’s been designed to be low maintenance and energy efficient. From the gas-fired central hot water system that eliminates energy waste of individual unit water heaters, to the front load washing machines that cut water use by two thirds, HomeSight has paid special attention to keeping the move-in and operating costs as low as possible.
HomeSight is a Washington State non-profit corporation that builds affordable, for-sale housing, and is Washington State’s first non-profit mortgage broker. HomeSight has leveraged its experience working with first-time homebuyers to provide an array of assistance and incentives to help everyone interested in buying a new home at The Pontedera realize the best value for their home purchase dollars. Our nationally recognized free counseling program can help prospective buyers reduce their borrowing costs by improving their credit and savings prior to purchase and closing.
HomeSight is committed to providing value and creating opportunities for sustainable and secure home ownership through quality homes and responsible lending. HomeSight is a non-profit 501(c)3 Community Development Corporation, U.S. Department of Treasury certified Community Development Financial Institution, and a NeighborWorks® America chartered member.
