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Seattle proposes co‑development ADU pilot to help homeowners add units without selling land
Summary
Seattle staff described a proposed pilot in which mission‑driven development partners would co‑develop accessory dwelling units (ADUs) on owner lots under 10‑year leases, share rental income during the lease, and enable homeowners to purchase out after the term to realize equity without selling land.
Rico Quirindongo and Nick Welsh presented on behalf of the City of Seattle a proposed ADU co‑development pilot that would partner homeowners with a mission‑driven developer to build detached accessory dwelling units in backyards while preserving the homeowner’s long‑term ownership of the lot.
Presenters described a co‑development model in which a development partner helps the homeowner with a lot split and then designs, finances, builds and operates two detached ADUs on the site under a 10‑year…
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