A New Chapter in Local Housing Has Begun.

MIRACLE ON BRITTON

28 beautiful fee simple homes (lot & home) located in Post Falls, Idaho

Miracle on Britton is rewriting the future for middle and upper-middle-class families in Kootenai County.

Variety of Homes

Street rendering of new Miracle on Britton community in Post Falls, Idaho.

This is a bold project. Its main purpose is to be a community blueprint for builders and cities to understand how to build, sell and manage Fee Simple Shared Equity Homes at below market prices dedicated specifically to middle income households. THESE SHARED EQUITY FEE SIMPLE HOMES CAN BE BUILT WITHOUT FEDERAL FUNDING! This is a 3-way partnership. Think of it as a triangle with 3 essential vertices:
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‍1. THE PRIVATE MARKET BUILDS A SMALL PERCENTAGE OF THESE HOMES IN EVERY DEVELOPMENT.
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2. CITIES AND THE STATE PROVIDE COST REDUCTION INCENTIVES FOR THESE HOMES. In return there are deed restrictions including a resale formula that ensures the homes will always be preserved for working households.
3. PAHA MANAGES THE DEED RESTRICTIONS FOR THESE HOMES UNDER THE FANNIE MAE-APPROVED PROGRAM. PAHA is the only Fee Simple Shared Equity Fannie Mae Certified Program Manager in Idaho. (Our Certification Number: FM724-0106)
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This FANNIE Certification = sale of these mortgage loans on the secondary market. All mortgage lenders can loan on these homes.

Collaboration between the private market and city/county governments is the feasible way to build these homes. By unleashing the private market's potential, Shared Equity Fee Simple homes will become a reality and access to home ownership for our middle-class working families will once again be possible.

‍Britton’s Deed Restrictions Are Simple:
‍1. Home is designated for a certain income.
2. Home must be owner occupied.
3. A Resale Formula allows wealth creation but protects the home from pricing to the market.

WHY Deed Restrictions? Without a Resale Formula homes initially sold below market will be resold at market value, pricing out future hardworking, middle-class workers. Take Miracle on Britton for example: The benefit of building these homes extends far beyond the first 28 families. Deed Restrictions are a long-term strategy to keep housing aligned with local working wages and prevent the runaway housing costs we’ve seen in Kootenai County and across most of the state.

Miracle on Britton In the news

Screenshot of KXLY News video about Miracle on Britton. A new community in Post Falls, Idaho.

Your generous gift can make it happen.

Your tax-deductible donation will give hard-working people in our community the chance to afford a home, a dream that would otherwise be impossible.

Learn how you can support this project. Please contact Executive Director Maggie Lyons at maggie@pahaid.org or 208.659.3477.
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Donate Now

Thank you!

"After 10 years of working and searching for a home, homeownership finally feels within reach. Thanks for PAHA's Miracle on Britton, what once seemed impossible is now a reality." -Nathan Armon, Britton Homebuyer
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- One of dozens of similar stories shared by people applying for a home.

Why "Miracle on Britton"?

What is the Primary Purpose?

To launch Kootenai County on a journey to build and preserve homes that local workers can afford to buy.

What is the impact?

The immediate impact is 28 families will be living in beautiful homes they call their own. The longer-term impact is to provide a blueprint for restoring homeownership opportunities for local workers living in Kootenai County.

How far along is the project?

15 of 28 homes have been sold. Our first 5 homebuyers will move into their new homes by May 31, 2025. By the end of this year, 15 first-time homebuyers will be living in their Britton home. The remaining 13 first-time homebuyers will be living in their Britton homes by July 2026.

Is the land secured?

PAHA purchased all 28 lots in August 2023, through a promissory note carried by the seller. The note is being repaid as lots sell with the homes.

How will Britton be funded?

We are relying on a new approach that includes forward-thinking partnerships together with donations and gifts.

Building Partnerships:

City of Post Falls.
Zoning that allows greater density for all 28 single family homes

McCarthy Capital.
Sold the land to PAHA fully developed with low interest financing

Simplicity by Hayden Homes.
Building all 28 homes for PAHA at slim margins

Mountain West Bank.
Special first-time homebuyer mortgages and reduced interest construction loan

Title One.
Closing and escrow for all 28 homes at reduced margins

Timber Ridge Landscape.
Front and back yard landscaping with sprinklers for all 28 homes at reduced margins

Lake City Fencing.
Quality vinyl fencing and gates for all 28 homes at reduced margins

We rely on businesses and private citizens who have caught the vision. Who understand their donation extends far beyond just 28 homes.

$1,050,000 needed to build all 28 Miracle on Britton’s homes and the park.

$800k has been raised. $250k to go!

Are these low-income gov. subsidized homes?

No! The homes were designed and are being built by our construction partner, Simplicity by Hayden Homes, who shares our vision of building beautiful homes in a neighborhood everyone would be pleased to live in.

What about mortgage loans?

Mountain West Bank has committed to providing mortgages for first time homebuyers at a reduced market rate, and PAHA is providing seller-paid closing
costs to buy-down the interest rate further.

Miracle on Britton

A New Chapter in Local Housing Has Begun.

Miracle on Britton In the news

Your generous gift can make it happen.

Thank you!

Why "Miracle on Britton"?

Britton Building Partners

Britton Visionaries

Public Partners

Private Sector Developers/Builders

Differences in financial household type and age of householder in Kootenai County:

The Problem

Our Solutions

The Problem

Our Solutions