The Woodland View homeownership project was made possible by a donation of property by Chakorn Phisithikul and Marilyn Heinemann, a married couple, who were introduced to Homestead by Grace Kim and Mike Mariano of Schemata Design Workshop.
Marilyn, a former educator, and Chakorn, a respected local architect, generously donated a $2.5 million property to Homestead for affordable homeownership development. The building will be called Woodland View, the name of the previous retail/apartment building on the site, located in the Phinney Ridge neighborhood of north-central Seattle.
Situated at 5819 Phinney Avenue, directly across from the Woodland Park Zoo, Woodland View will be a five-story development featuring 25 spacious, energy-efficient condominium homes.
Marilyn Heinemann shared, “Seattle has been very good to both of us. It just seemed like something we had to offer.”
In a neighborhood where the median home price approaches $1 million, homeownership is unattainable for many community members, including teachers, nurses, and food service workers. Homestead's Woodland View aims to address this issue by offering 19 of the 25 homes at subsidized prices to create permanently affordable homeownership opportunities for households earning less than 80 percent of the Area Median Income (AMI).
For Chakorn and Marilyn, supporting this element of Homestead's program was essential. The couple recalls how crucial family assistance was in purchasing their first home and recognizes that not everyone is as fortunate.
"Coming from an education background and understanding the challenges of living in the community where you teach, we wanted that to be a reality for someone—the people who work in our communities, our public servants, to be able to afford homeownership in the community in which they serve," Heinemann stated.
Thanks to the generosity of Chakorn and Marilyn, Woodland View will enable many first-time homebuyers to achieve their dream of homeownership.
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