Comments on: Pontedera Condos http://seattlecondosandlofts.com/2008/03/pontedera-condos Wed, 25 Jan 2012 02:01:42 +0000 hourly 1 http://wordpress.org/?v=3.0.1 By: PJ Wright http://seattlecondosandlofts.com/2008/03/pontedera-condos/comment-page-1#comment-105601 PJ Wright Tue, 09 Mar 2010 18:01:42 +0000 http://seattlecondosandlofts.com/2008/03/pontedera-condos#comment-105601 The Pontedera is now complete and ready for occupancy. I'm surprised that no one has mentioned the tax exemption for those under 120% of median income. For those that qualify, property taxes are based on their share of the land value for the first 12 years. In simplier terms, property taxes will run under $20.00 per month instead of $220.00. This is a huge savings and helps qualify buyers for an additional $35,000 to $40,000. The tax exemption is on top of the $70,000 deferred 2nd mortgage that allows home ownership to those at or below 80% of HUD area Median income. When thinking of low to moderate income, most people confuse this with below poverty levels. Low to moderate income encompasses hard working professionals such as, teachers, nurses, firefighters, policmen and many others. It is difficult for these professional to find housing in the Seattle area that is affordable. HomeSight, a non profit developer and mortgage lender, along with their partners, such as City of Seattle, State of Washington and others, bridges the gap between low to moderate income borrowers and the prices of homes in the Seattle area. For more information, please visit HomeSight at www.homesightwa.org. or www.pontederacondos.com. You can also drop me an email. I work for HomeSight as their Lending Operations Manager and would love to hear from you. PJ Wright pj@homesightwa.org The Pontedera is now complete and ready for occupancy. I’m surprised that no one has mentioned the tax exemption for those under 120% of median income.

For those that qualify, property taxes are based on their share of the land value for the first 12 years. In simplier terms, property taxes will run under $20.00 per month instead of $220.00. This is a huge savings and helps qualify buyers for an additional $35,000 to $40,000.

The tax exemption is on top of the $70,000 deferred 2nd mortgage that allows home ownership to those at or below 80% of HUD area Median income.

When thinking of low to moderate income, most people confuse this with below poverty levels. Low to moderate income encompasses hard working professionals such as, teachers, nurses, firefighters, policmen and many others. It is difficult for these professional to find housing in the Seattle area that is affordable.

HomeSight, a non profit developer and mortgage lender, along with their partners, such as City of Seattle, State of Washington and others, bridges the gap between low to moderate income borrowers and the prices of homes in the Seattle area.

For more information, please visit HomeSight at http://www.homesightwa.org. or http://www.pontederacondos.com. You can also drop me an email. I work for HomeSight as their Lending Operations Manager and would love to hear from you. PJ Wright pj@homesightwa.org

]]> By: eric http://seattlecondosandlofts.com/2008/03/pontedera-condos/comment-page-1#comment-41843 eric Mon, 24 Mar 2008 16:23:18 +0000 http://seattlecondosandlofts.com/2008/03/pontedera-condos#comment-41843 The project has a website at www.pontederacondos.com however currently there isn't anything more than the rendering on the site. The project has a website at http://www.pontederacondos.com however currently there isn’t anything more than the rendering on the site.

]]> By: Ben_Kakimoto http://seattlecondosandlofts.com/2008/03/pontedera-condos/comment-page-1#comment-41604 Ben_Kakimoto Fri, 21 Mar 2008 18:25:22 +0000 http://seattlecondosandlofts.com/2008/03/pontedera-condos#comment-41604 Rebecca - sorry, I misspelled the organization's name. The correct spelling is Homesight and I've updated the post. Here's a link to their site: http://www.homesightwa.org/ Rebecca – sorry, I misspelled the organization’s name. The correct spelling is Homesight and I’ve updated the post. Here’s a link to their site:
http://www.homesightwa.org/

]]> By: Rebecca http://seattlecondosandlofts.com/2008/03/pontedera-condos/comment-page-1#comment-41601 Rebecca Fri, 21 Mar 2008 17:37:17 +0000 http://seattlecondosandlofts.com/2008/03/pontedera-condos#comment-41601 Is there a website for Pontedera yet? Maybe for Homesite? (A google search for "homesite" is useless.) Is there a website for Pontedera yet? Maybe for Homesite? (A google search for “homesite” is useless.)

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