CHELAN—In these challenging times, the CVHT is encouraged to see how our community is working together to overcome the Covid-19 crisis. While our offices at North Cascades Bank are closed during the shutdown, the CVHT staff, board and volunteers are continuing our work to locate properties, plan housing projects and help guide homeowners through the buying process.
This crisis shows how critical it is for everyone to have a roof over their head—without couch surfing, living in a spare bedroom, or moving back in with a parent. As such, it has strengthened the CVHT’s resolve to create homeownership for wage earners and we are excited to announce the selection of K & L Homes as our general contractor for our Emerson Village project.
K & L Homes has built 200 homes in the region since 2009. Their reputation for quality along with their true commitment to our mission made them the unanimous choice by the CVHT Board. Construction financing will be provided by North Cascades Bank.
Located at the corner of North Emerson Street and East Chelan Avenue, the new community of five townhomes will each have 1179 sq. ft., two bedrooms and 1.5 baths. At a price point of $200,000, these homes will be available to homebuyers who earn up to or slightly more than 100% of the valley’s average median income, which is $52,000.
Permitting for Emerson Village is currently being processed with the city. Construction will begin after the current shutdown. K & L Homes anticipates the townhomes will be ready for occupancy within six to nine months.
The application process for prospective buyers is set to open by April 15th. Please see our website at chelanvalleyhousing.org/own for details about eligibility, how to apply, and steps to homeownership.
We wish to thank all our supporters, volunteers and especially our foundation donors:
Karen Feek, Goodfellow Brothers, Campbell’s Resort, Lake Chelan Wine and Jazz Festival, Guy Evans Real Estate, Lake Chelan Chamber of Commerce, Chelan County, the City of Chelan and North Cascades Bank.
Stay healthy and be safe,
The Chelan Valley Housing Trust