We Need a Home
SINCE 2001
Since 2001, we have leased a home in the University District of Seattle. It is basically an average, two-bedroom, one-bath bungalow-style house with an unfinished full basement. It is in this house that we have been hosting our residents. In 2025 we opened a second residence to expand the program, and together our homes now house 20 residents full time.
To accommodate this situation:
- We have carved a two-bedroom setup out of the larger “master bedroom.”
- We divided the “Living room” area into three smaller, dorm-style bedrooms.
- We have broken the basement into five bedrooms and added two basement bathrooms.
- To make the units legally ready for occupancy, we have added additional exit options for each room and met other city and neighborhood criteria.
We have spoken in the past to the property owner about purchasing the house. He is amenable to selling it to us with some creative financing. We would have to come up with a very sizable down payment, and he will help arrange financing for the first year. At the end of that year, we would have to refinance, but we would be the registered owners.
We have recently been informed by the property owner that he is in talks with a developer to demolish this house and build two duplexes and an ADU on the site.
None of us is particularly savvy about real estate, so we are definitely seeking advice from someone who is. We are also looking for strategies to raise money for the down payment, other than begging on the street.
The plan still has lots of variables and questions. I would love to discuss them with anyone who might be able to help us figure things out.
Again, we need and welcome your support.
5039 8th Ave NE
Seattle, WA 98105
Dave Oberweiser, Administrator
206.446.3342
4730 University Way NE, Suite 104 #1418,
Seattle, WA 98105
