BW Construction plans to add three sub-1,100-square-foot townhomes behind the small 1953-era home at 7820 SE Salmon Street. The father-daughter development and construction team purchased the 638-square-foot home in May 2023 and will create a four-home condominium property, preserving the original north-facing building. Each rear row home will face east, and residents will access the houses from a walkway running along the side of the tree-lined yard.
Jennifer Kosta Walsdorf is the registered owner of the property, and James Kosta’s BW Construction company manages building activities. Each new home will offer three bedrooms with a stacked laundry closet and a full bathroom on the second floor. The main level will contain a half-bathroom, along with an open-concept kitchen and living room. This project is similar to James Kosta’s other planned development for the 9144 SE Alder Street corner lot on SE 92nd Avenue.
Seven years ago, Kosta’s daughter began working with him. Their company often utilizes Portland’s affordable housing program that offers builder tax abatement incentives to create new homes priced in the middle of the housing market. The developers will sell units to buyers earning at or below the median family income (MFI) level for a four-person household, which is $116,900 as of April 2024. The income restriction will adjust upward for larger families. The program also caps townhome prices at $455,000 as of 2024. However, units can sell for less based on market interest from qualifying home buyers. Income limits and the sale price cap adjust annually based on median home sales and Portland Metropolitan area income reports evaluated by the US Department of Housing and Urban Development.
Kosta anticipates construction starting in October, but schedules rely on permit processing times. The front single-bedroom home will remain much as it has for the last 70 years, while its ample backyard will support additional dwellings. People should expect the new housing to come on the market sometime in 2025.
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