Green Canopy NODE reposted this
We’re thrilled to be opening the doors at Corvidae Co-op, a new cohousing community in the Beacon Hill neighborhood of Seattle. Our first Development Lab project, Corvidae is a major milestone for us and for everyone who believes in better, more equitable housing. With Allied8 as architects and co-developers, along with the collaboration of co-op residents and our partners at Green Canopy NODE and Urban Black, we transformed an empty lot zoned for single-family housing into a beautiful, cooperatively-owned community of 10 homes. Our shared ownership model has allowed for small down payments from $8k to $30k, making homes affordable to households earning 50-120% AMI. Subsidies and down payment assistance from the Seattle Office of Housing, HomeSight , and Habitat for Humanity Seattle-King County brought down payments even lower for a handful of residents. This project and the others that follow will help build a bridge to homeownership for generational renters, allowing them to build equity, stability, and stronger community. Thank you to our lenders: 1st Security Bank of Washington, Rainier Valley Community Development Fund, LEAF, Local Enterprise Assistance Fund , Verity Credit Union, and National Cooperative Bank. Without your leadership and vision, this dream would never have been possible. It was no easy feat, but the lessons learned and tools created in the past few years will pave the way for many more communities like Corvidae! Photos by Rafael Soldi and Netra Nei.
This is utterly amazing, from the design to financing to equity like wow!
Congrats Frolic! Beautiful project all around.
Amazing to see the finished product! Thanks Rainier Valley Community Development Fund for asking the construction lending team here at 1st Security Bank of Washington to be a part of this special project.
Nice work everyone! I got to tour the units a couple weeks ago and found them delightfully cozy while modern, bright and inviting. Not to mention the stunning innovation for housing affordability. I am in awe of Frolic Community and Leah Martin.
This is incredible!! Congratulations. It looks just like you have been dreaming. Can’t wait for the next chapter.
Congratulation to the team at Frolic!! It's wonderful to see what was once just an idea come into being. Great work all!!
that's it..I'm moving back! this place is AWESOME!!! Congrats all involved!
Great News and incredible work. Looking forward to experiencce soon!
VP/Commercial Relationship Manager; Board Member; Small Business Owner; Community Champion
3moCongrats on blazing the trail to all involved. The Rainier Valley Community Development Fund is honored to be part of the success, however small our part was. Cheers!