Arguments Over Mandating Section 8 Housing

Schack1_bigThere is a new apartment project being planned on Capitol Hill, on the corner of 14th Ave E & E Republican Street, that is said to be for renters looking for a boutique building to live in, with retail and a great walkable score. According to the Daily Journal of Commerce, new developers John Schack and Dugan Earl have formed a development and consulting  company in the Seattle area called Revolve, and will begin construction on their first project this summer. Finding the perfect site for the proposed 35 unit, 4-story apartment complex wasn’t easy. The dynamic due apparently spent 6 months analyzing  some 150 sites on Capitol Hill, Fremont, Ballard, Columbia City and West Seattle; all urban areas predicted to continue blossoming with renters.

While they were knee deep in the search, they ran into a road block, and a big one at that. According to Schack, “once a property is listed, it’s blood in the water for piranhas.” They found themselves coming in second, and being beat to the punch when expressing interest in any given project, so they found an alternative option. They approached sites that were of interest to them that were off-market, and purchased a 10,183-square-foot Capitol Hill site in November 2011 that is soon to be the home of their first project. The building will have 33 one-bedroom units, 2 studios, 19 stalls for below ground parking, a courtyard for entertainment, and a roof top deck. For more news to come on when the project will be leasing units, visit Revolve’s news blog.

Two New Developers Begin Apartment Construction this Summer on 14th & Republican

There is a new apartment project being planned on Capitol Hill, on the corner of 14th Ave E & E Republican Street, that is said to be for renters looking for a boutique building to live in, with retail and a great walkable score. According to the Daily Journal of Commerce, new developers  John Schack and Dugan Earl have formed a development and consulting  company in the Seattle area called Revolve, and will begin construction on their first project this summer. Finding the perfect site for the proposed 35 unit 4 story apartment complex wasn’t easy. The dynamic due apparently spent 6 months analyzing  some 150 sites on Capitol Hill, Fremont, Ballard, Columbia City and West Seattle; all urban areas predicted to continue blossoming with renters. 14th and republican st

While they were knee deep in the search, they ran into a road block, and a big one at that. According to Schack, “once a property is listed, it’s blood in the water for piranhas.” They found themselves coming in second, and being beat to the punch when expressing interest in any given project, so they found an alternative option. They approached sites that were of interest to them that were off-market, and purchased a 10,183-square-foot Capitol Hill site in November 2011 that is soon to be the home of their first project. The building will have 33 one bedroom units, 2 studios, and 19 stalls for below ground parking, a courtyard for entertainment, and a roof top deck. For more news to come on when the project will be leasing units, visit Revolve’s news blog.

Arguments Over Mandating Section 8 Housing

In recent years and months, the Rental Housing Association has supported the Section 8 Housing voucher system, as a tool  to assist low income renters in finding affordable rentals in the state of Washington. They have preached in Olympia about the need for more funding for the assistance programs, and were able to help pass the HB 2048, making more low income rental assistance available for private market rental housing. Although the HSA supports Section 8 Housing, it is strongly opposed to mandating all landlord participation in the program, which is currently voluntary at the Federal level. HSA has stated a list of reasons for their opposition, which can be viewed in full online, and includes reasons such as  “There are landlords that have experienced significant administrative and financial burdens with the program, and should not be forced to participate in it,” and “Congress chose to make participation in the Section 8 program voluntary, because it recognized that the rules and regulations imposed could be overly burdensome for some landlords.”

The city of Kirkland has recently proposed an ordinance that would prohibit a landlord from refusing to rent to a tenant solely based upon the applicant’s use of Section 8 Housing Choice Vouchers. The ordinance that Kirkland is considering would require landlords to use the same criteria for Section 8 renters that they currently have in place for considering every other prospective tenant. The program would have administrative requirements such as an initial minimum lease period and property inspections, but landlords who don’t necessarily use the required lease period or who are unable to make any noted repairs, will not be required to participate in the program.

If you’d like more information about the mandate proposition, visit the Rental Housing Association’s website.

 

 

 

New Apartments Planned for 12th & Pike in Capitol Hill

Have you been thinking about relocating to a new neighborhood, or moving out on your own for the first time? Capitol Hill is among the most popular neighborhoods to rent in Seattle, and it turns out they’re planning a new apartment building on the corner of 12th & Pike! According to the Daily Journal of Commerce, Investco Financial Group has plans to build a new apartment building at 1200 Pike Street. Plans include a 6 story 90 unit structure, with 4,000 sf of retail space, along with 38 underground parking stalls. 1200 pike

The address currently has a  three story mixed use space in it’s place that would need to be demolished, and an early design review board meeting is scheduled to take place on March 20th at 8PM, at Seattle University, in the Admissions and Alumni Building. For follow up information on plans for the new apartment, follow the Daily Journal of Commerce.

Shoreline Rental Available: $1,799

nicole rambler

This lovely 2 bed, 1 bath rental home in Shoreline is now available! Located in a quiet neighborhood in a cul-de-sac, this rental is in a great location near shops, close proximity to a bus line, Shoreline Community College, Ronald Bog Park, among other attractions. The home sits on a large landscaped lot, with a fenced backyard, with a new deck, and hot tub! Inside the home, there are two fireplaces, hardwood flooring throughout, new tiling, and a recently updated kitchen and bathroom. This is a first time rental, and you can definitely see! For more information on rentals around the Seattle area, visit your local Real Estate Agent.

Status: For Rent
Bed/Bath: 2&1
Price: $1799/mo

Perks and Downfalls of Keeping old Facades in New Construction

A number of the architects and developers involved in planning new apartment and condominium buildings around the city have voluntarily kept old facades from previous structures to incorporate in their new designs, but most often just divert the decision to the city’s landmark board for the final decision. Many seattleites have almost come to expect historical structures to be saved with all of the new development and future project plans, but why would a developer want to keep a facade when the landmark board deems the older building not historically significant? There was an interesting article today in the Daily Journal of Commerce, that pinpointed similar projects like the 1915 Terminal Sales Annex building on 2nd and Virginia, which will integrate the front of the annex in the base of a 38 story building that has plans to possibly include 190 condos, 154 hotel rooms, and 6,100 sf of ground floor retail space.

Location if the 1915 Terminal Sales Annex Building

Location if the 1915 Terminal Sales Annex Building

In the past 20-30 years, there hasn’t been alot of interest in saving the older buildings, but within the last few years, there has been recent changes to city rules, allowing developers to build larger projects if they preserve the facades of their previous historical structures, that are at least 75 years old. In turn, alot of the new apartment developers trying to take advantage of the rule could run into extra costs, as keeping some of the older facades that aren’t as structurally sound as the new construction could pose issues. For more information on those new apartment projects incorporating historical structures, visit the DJC.

Downtown Seattle Condo Rental: $1,600

This 1 bed 1 bath NW facing downtown unit in Meridian Condominium is now available to rent! Gorgeous views of Lake Union, Downtown, Capitol Hill,  and partial views of Puget Sound. The kitchen has tile floor, with stainless steel appliances, beautiful slab granite counters with tile backsplash,  and maple cabinets. The living room has high ceilings and is carpeted; also has a lovely fireplace.

The kitchen has a cute breakfast bar area,  and floor to ceiling windows to maximize the view. The bedroom has a deep closet & connecting deck with the same view as the living room. Amenities of the building include 24 hour security & Concierge, an entertainment room, steam room, hot tub, theater, fitness center, and guest parking. Find more information on Seattle Rentals here.

Status: For Rent
Bed/Bath: 1&1
Price: $1,600

Walton Loft Apartments Coming to Belltown

The Schuster Group has scooped up land on the corner of First and Vine, and is planning a 132 unit 12 story apartment complex, with 75 underground parking stalls. Walton Lofts will be right across the street from the Millionaire’s Club, Bang Bang Cafe, and a hop skip and a jump to the Belltown Cottage Park (which played a role in the building’s design process) and Rudy’s Barber Shop.

Photo courtesy of the Schuster Group

Photo courtesy of the Schuster Group

The land is currently a parking lot at the corner of Vine Street, and VIA Architecture and Shoesmith Architects are the building designers. Vine street has been designated a “green street” along with 16 others around town, non arterial roads that are designated to providing pedestrian gathering spaces, and more trees and landscaping than other city blocks. Walton Lofts is planning to have trees and shrubs on site, and wider sidewalks along Western to create more hang out areas. For more information on the project, visit the Daily Journal of Commerce.

Tips To Find the Perfect First Rental

Thinking about moving out of mom and dad’s basement? Sometimes the thought of packing up and moving out can be just as exhausting as the experience, and the search for the right rental for you can be a long process. Thankfully our friends over at Zillow have put together some tips on ways to make the search a simpler process for the first time renter.  The first step on the list is to determine a comfortable price range for yourself, and your roommates if you’re planning on moving with others. rent

Now that you’re looking into costs, and determining what kind of rental suites your needs, it’s time to start saving. Security deposits can be expensive, as well as pet deposits, and the cost of moving your belongings can add up as well, depending on the distance of the move, among other things. You’ll also need to narrow down which neighborhood you’ll want to live in, and what qualities are most important to you in your surroundings. Is there public transportation nearby, how is the school district, is there a park or grocery store in the area? Be sure to be realistic as well, you may want to live in a roomy 3 bedroom condo, but is it feasible within your budget? For more tips on easing your home search, visit your local real estate company.