The Corinthian Yacht Club of Seattle has announced plans for the first phase of the Pacific Northwest One Design (POD) Regatta. The project includes 70 market-rate units and 806 affordable housing units. A total of 73 affordable units will go to residents who make less than 60% Area Median Income. It will include both studio and one-bedroom units. Thirty-one of the new units will be eligible for project-based rental subsidies through the Local Rent Subsidy Program.
The site, which covers 3.5 acres, is located in the center of Washington DC. This neighborhood is ideal for creating a new downtown area. It is home to a vibrant arts scene as well as diverse neighborhoods. The design concept calls to create a public space that has ample parking and includes a neighborhood park. A redeveloped temple court apartment block is also included on the site. The building was originally scheduled to be torn down, but has since been repaired and redeveloped.
FAQ
Do you prefer to do walls or floors first?
It's important to know what you want to accomplish before you start any project. It is important that you think about how and who you want to use the space. This will help determine if flooring or wall coverings are best.
If you have decided that you want to create an open plan kitchen/living area then you may choose to install flooring first. You can also choose wall coverings if you want to make the room private.
Is there anything I could do to save on my home renovations?
By doing all the work yourself, you can save money. Consider reducing the number or people that you employ during renovations. You might also look for ways to decrease the cost and use of materials in the renovation.
How important does it matter to be pre-approved before you apply for a loan
Getting pre-approved for a mortgage is very important because it gives you an idea of how much money you need to borrow. This will help you decide if you are eligible for a loan program.
Can I rent a dumpster?
After completing a home renovation, you can rent an dumpster. Renting a dumpster to dispose of your trash is a great option.
What should I think about when buying a house?
Be sure to have enough money in reserve for closing costs before you purchase a new home. Refinancing your loan is an option if cash is tight.
Statistics
- The average fixed rate for a home-equity loan was recently 5.27%, and the average variable rate for a HELOC was 5.49%, according to Bankrate.com. (kiplinger.com)
- On jumbo loans of more than $636,150, you'll be able to borrow up to 80% of the home's completed value. (kiplinger.com)
- They'll usually lend up to 90% of your home's "as-completed" value, but no more than $424,100 in most locales or $636,150 in high-cost areas. (kiplinger.com)
- Design-builders may ask for a down payment of up to 25% or 33% of the job cost, says the NARI. (kiplinger.com)
- A final payment of, say, 5% to 10% will be due when the space is livable and usable (your contract probably will say "substantial completion"). (kiplinger.com)
External Links
How To
Do you renovate interior or exterior first?
Which one should I first do?
When choosing which project to begin with, there are many things to take into consideration. The most common factor is whether the building is old or new. You should consider the condition and age of the roof, windows, doors, flooring, electric system, etc. There are many aspects to consider when a building is brand new. These include the size and style of the rooms, as well as their location.
The roof should be the first thing you look at if the building's age is a concern. You should start the renovation if you feel the roof is at risk of falling apart. You can proceed to the next step if the roof is in good condition. Next, check out the windows. If the windows are dirty or broken, you may need them to be replaced. Next, clean the doors and ensure that they are free of debris. You can now begin to install the flooring if everything looks fine. Be sure to ensure that the flooring is stable and strong so that you can walk on it without slipping. After you have completed these steps, you can move on the walls. You can now examine the walls to check for cracks or damage. If the wall appears to be in good shape, you can continue to the next steps. You can now inspect the ceiling. Check the ceiling and make sure that it is strong enough to hold up whatever weight you decide to put on it. If everything checks out, then you can move forward with your renovation.
If the building was newly built, you'd probably start with its exterior. First, examine the outside of the house. Is it in good condition? Is it free from cracks? Does it look great? If the exterior doesn't look great, then you should definitely fix it. It is not a good idea to make your home look unattractive. Next, make sure to check the foundation. The foundation should be inspected for weakness and repaired. Also, inspect your driveway. It should be flat and smooth. If it's not, then you should fix it. Also check the sidewalk when you are checking the driveway. You should replace the sidewalk if it's uneven.
After you have checked these areas, you can move on to the interior of your house. The kitchen is the first thing you should inspect. Are you satisfied with the cleanliness and maintenance of your kitchen? If it is dirty or messy, you need to clean it up. Next, you should inspect the appliances. The appliances should be in good working order. If they aren’t in great shape, then either you buy new ones or replace them. After this, check out the cabinets. If the cabinets are stained, or have been scratched, you can probably paint them. You can then move on to the bathroom if they are in good condition. The toilet should be inspected here. If the toilet is leaking, you will need to replace it. You can wash it if it is just dirty. Next, check out all the fixtures. Check that the fixtures are clean. If they are dirty, then you should definitely clean them. You should also inspect the countertops. If the countertops are cracked or chipped, you might want to repaint them. If they are smooth and shiny, then you should probably use some kind of sealant.
Last, check the furniture. Verify that everything is in good condition. If something is missing or damaged, then you should likely find it. If it is damaged, you should probably fix it. Once everything is checked, then you can move back outside and finish the job.