1. marc coté Director of Homeownership, Parkview Services 206.334.0731 PO Box 65157, Shoreline, WA, 98155 marc@parkviewservices.org Parkview Services’ Homeownership Program

2. marc coté Director of Homeownership, Parkview Services 206.334.0731 PO Box 65157, Shoreline, WA, 98155 marc@parkviewservices.org Who is Parkview?  A non-profit agency that supports people with developmental disabilities and their families.  Founded in 1967 with the state’s first group home, currently Parkview supports more than 500 people and families a year.  Parkview’s programs are: Affordable Housing, Camp Parkview, Group Home, Homeownership, Stepping Out for Fun, and Home Maintenance.  A non-profit agency that supports people with developmental disabilities and their families.  Founded in 1967 with the state’s first group home, currently Parkview supports more than 500 people and families a year.  Parkview’s programs are: Affordable Housing, Camp Parkview, Group Home, Homeownership, Stepping Out for Fun, and Home Maintenance.

3. marc coté Director of Homeownership, Parkview Services 206.334.0731 PO Box 65157, Shoreline, WA, 98155 marc@parkviewservices.org Why Homeownership?  Homeownership provides housing stability and opportunities to develop wealth  Low and moderate income individuals and families are being priced out of the homeownership market in King County because of the rising prices  Homeownership provides housing stability and opportunities to develop wealth  Low and moderate income individuals and families are being priced out of the homeownership market in King County because of the rising prices

4. marc coté Director of Homeownership, Parkview Services 206.334.0731 PO Box 65157, Shoreline, WA, 98155 marc@parkviewservices.org Program Overview  Home Buyer Education and Counseling  Down Payment Assistance  Home Buyer Education and Counseling  Down Payment Assistance

5. marc coté Director of Homeownership, Parkview Services 206.334.0731 PO Box 65157, Shoreline, WA, 98155 marc@parkviewservices.org Program Eligibility  Purchase in King County  Be an individual with a developmental disability or have a family member with a developmental disability that will live with you  Be able to qualify for a mortgage now or at sometime in the near future  Purchase in King County  Be an individual with a developmental disability or have a family member with a developmental disability that will live with you  Be able to qualify for a mortgage now or at sometime in the near future

6. marc coté Director of Homeownership, Parkview Services 206.334.0731 PO Box 65157, Shoreline, WA, 98155 marc@parkviewservices.org How to Qualify for the Down Payment Assistance  Complete Parkview Services’ individualized homebuyer education curriculum.  Complete Parkview Services’ one-on-one pre-purchase counseling and budgeting curriculum.  Gross annual income less than 80% of the area median income set by HUD.  Be a first time homebuyer  Have at least $500 of your own money saved for a down payment.  The person with a developmental disability must have sufficient support services to ensure their health and safety.  Complete Parkview Services’ individualized homebuyer education curriculum.  Complete Parkview Services’ one-on-one pre-purchase counseling and budgeting curriculum.  Gross annual income less than 80% of the area median income set by HUD.  Be a first time homebuyer  Have at least $500 of your own money saved for a down payment.  The person with a developmental disability must have sufficient support services to ensure their health and safety.

7. marc coté Director of Homeownership, Parkview Services 206.334.0731 PO Box 65157, Shoreline, WA, 98155 marc@parkviewservices.org 2007 Income Limits

8. marc coté Director of Homeownership, Parkview Services 206.334.0731 PO Box 65157, Shoreline, WA, 98155 marc@parkviewservices.org Down Payment Assistance Product$Available WSHFC HomeChoice 15,000Statewide City of Seattle Office of Housing 45,000 City of Seattle WSHFC HouseKey Plus Parkview 10,000 King County WSHFC HouseKey Plus ARCH 30,000 East KC Parkview State 45,000 King County Parkview King County 35,000 KC Outside Seattle Parkview Federal Home Loan Bank 12,500 King County * Blue cannot be combined with red

9. marc coté Director of Homeownership, Parkview Services 206.334.0731 PO Box 65157, Shoreline, WA, 98155 marc@parkviewservices.org Homeownership Scenarios

10. marc coté Director of Homeownership, Parkview Services 206.334.0731 PO Box 65157, Shoreline, WA, 98155 marc@parkviewservices.org Where are we Now?  Nine Homes Closed  Five Homes Under Contract  Enough funding for Four other homes  Applied to the State for down payment funds for an additional eleven homes  Applied to the City of Seattle for an additional six homes  Nine Homes Closed  Five Homes Under Contract  Enough funding for Four other homes  Applied to the State for down payment funds for an additional eleven homes  Applied to the City of Seattle for an additional six homes

11. marc coté Director of Homeownership, Parkview Services 206.334.0731 PO Box 65157, Shoreline, WA, 98155 marc@parkviewservices.org Profile -1 Single mom with an adult child who has a developmental disability.  Two bedroom Condo in Kent  Purchase Price: $171,450  First Mortgage: $78,100  Monthly Payment: $749  Own Funds used: $2500  Family Gift: $10,000  Down payment Assistance: $ 86,214  Gross Annual Income: $21,024  Two bedroom Condo in Kent  Purchase Price: $171,450  First Mortgage: $78,100  Monthly Payment: $749  Own Funds used: $2500  Family Gift: $10,000  Down payment Assistance: $ 86,214  Gross Annual Income: $21,024

12. marc coté Director of Homeownership, Parkview Services 206.334.0731 PO Box 65157, Shoreline, WA, 98155 marc@parkviewservices.org Profile - 2 Single mom with an minor child who has a developmental disability.  Three bedroom House in Renton  Purchase Price: $272,000  First Mortgage: $197,000  Monthly Payment: $1,456  Own Funds used: $2062  Family Gift: $ 0  Down payment Assistance: $77,714  Gross Annual Income: $40,776  Three bedroom House in Renton  Purchase Price: $272,000  First Mortgage: $197,000  Monthly Payment: $1,456  Own Funds used: $2062  Family Gift: $ 0  Down payment Assistance: $77,714  Gross Annual Income: $40,776

13. marc coté Director of Homeownership, Parkview Services 206.334.0731 PO Box 65157, Shoreline, WA, 98155 marc@parkviewservices.org Profile - 3 Married Couple with Developmental Disabilities  Two bedroom condo in Renton  Purchase Price: $170,000  First Mortgage: $99,000  Monthly Payment: $913  Own Funds used: $576  Family Gift: $0  Down payment Assistance: $76,600  Gross Annual Income: $29,172  Two bedroom condo in Renton  Purchase Price: $170,000  First Mortgage: $99,000  Monthly Payment: $913  Own Funds used: $576  Family Gift: $0  Down payment Assistance: $76,600  Gross Annual Income: $29,172

14. marc coté Director of Homeownership, Parkview Services 206.334.0731 PO Box 65157, Shoreline, WA, 98155 marc@parkviewservices.org Profile - 4 Married Parents with seven minor children one has a developmental disability  Four bedroom House in Seattle  Purchase Price: $390,000  First Mortgage: $270,000  Monthly Payment: $1,456  Own Funds used: $7,800  Family Gift: $ 0  Down payment Assistance: $118,714  Gross Annual Income: $50,016  Four bedroom House in Seattle  Purchase Price: $390,000  First Mortgage: $270,000  Monthly Payment: $1,456  Own Funds used: $7,800  Family Gift: $ 0  Down payment Assistance: $118,714  Gross Annual Income: $50,016

15. marc coté Director of Homeownership, Parkview Services 206.334.0731 PO Box 65157, Shoreline, WA, 98155 marc@parkviewservices.org Why Homeownership?  A Note From Parkview’s Second Homebuyer - “I am so glad to hear that other families are benefiting from the program. We have put so much effort into various programs as (sic) has grown up, but nothing has resulted in anything near this life- changing. I am a very different person than I was two years ago! And I feel much different than I did just six months ago. Having hope, some security, and such a major positive change in our living conditions has helped both of us cope with the occasional traumatic event better. A friend sent me an email the other day that said something about always having both positive and negative things in our lives all the time, and I was thinking it was perfect timing to have this huge positive experience with Parkview carry us through its counterpart. Thank you!” “I am so glad to hear that other families are benefiting from the program. We have put so much effort into various programs as (sic) has grown up, but nothing has resulted in anything near this life- changing. I am a very different person than I was two years ago! And I feel much different than I did just six months ago. Having hope, some security, and such a major positive change in our living conditions has helped both of us cope with the occasional traumatic event better. A friend sent me an email the other day that said something about always having both positive and negative things in our lives all the time, and I was thinking it was perfect timing to have this huge positive experience with Parkview carry us through its counterpart. Thank you!”  A Note From Parkview’s Second Homebuyer - “I am so glad to hear that other families are benefiting from the program. We have put so much effort into various programs as (sic) has grown up, but nothing has resulted in anything near this life- changing. I am a very different person than I was two years ago! And I feel much different than I did just six months ago. Having hope, some security, and such a major positive change in our living conditions has helped both of us cope with the occasional traumatic event better. A friend sent me an email the other day that said something about always having both positive and negative things in our lives all the time, and I was thinking it was perfect timing to have this huge positive experience with Parkview carry us through its counterpart. Thank you!” “I am so glad to hear that other families are benefiting from the program. We have put so much effort into various programs as (sic) has grown up, but nothing has resulted in anything near this life- changing. I am a very different person than I was two years ago! And I feel much different than I did just six months ago. Having hope, some security, and such a major positive change in our living conditions has helped both of us cope with the occasional traumatic event better. A friend sent me an email the other day that said something about always having both positive and negative things in our lives all the time, and I was thinking it was perfect timing to have this huge positive experience with Parkview carry us through its counterpart. Thank you!”