Relief is on the way for potential home owners in Tacoma, but there’s a catch.
A new development is selling 50-70 new homes with a top price of $265,000. But to be an owner in The Preserve, buyers cannot make more than $75,000 a year, and must work within 15 miles of the South Tacoma neighborhood.
“We need to have housing the working families of Tacoma can afford,” said Green Harbor Communities co-founder Bill Rehe.
Rehe, a biologist, said he and another family decided they could invest in the project as a way to help make homes more affordable to police officers, firefighters, teachers and nurses.
According to Zillow.com, the median home price in Tacoma is $297,000.
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