Atlas Waterfront Park Project Coeur d’Alene

HERE’S THE LATEST ON THE ATLAS WATERFRONT PARK PROJECT

CHECK BACK SOON FOR MORE UPDATES 

UPDATE AS OF DECEMBER 2021

UPDATE AS OF MAY 2021

With the Atlas Waterfront Project expanding, they now have put inplace a walking trail that you are able to stroll along the waters edge and expirence the beauty of Coeur d’Alene and see all of the new construction for yourself.

Atlas Driving Tour #2

Atlas Driving Tour #3

Atlas Driving Tour #4

ATLAS WATERFRONT PROJECT UPDATE AS OF 2020

 

 

Atlas Waterfront Progress 2

 

 

Atlas Waterfront Project Progress

 

 

Atlas Waterfront Progress 3

 

Atlas Waterfront Project Sign

 

The Planning Commission approved the Planned Unit Development and Preliminary Plat for the Atlas Waterfront Project at their November 12, 2019 meeting. This includes the Atlas Waterfront Neighborhood Development Standards, which can be viewed here.  All related information is available on ignite Cda’s website at this link

 

 

 

ATLAS WATERFRONT PROJECT

 

 

 

 

 

 

 

 

 

 

 

The City of Coeur d’Alene has officially purchased nearly 47 acres of Spokane River waterfront property that was the former Atlas Mill site.  The City purchased the property for $7,850,000 and the sale was recorded on May 16, 2018, making the sale official.  The City began the process of purchasing the Atlas Waterfront property in May of 2017.  The City purchased the property to create permanent, public waterfront access and encourage economic development initiatives on the 

 

 

 

The City of Coeur d’Alene is working in partnership with ignite CDA to assess all opportunities related to uses of this property and to engage the community.  The City Council and ignite CDA board members have directed staff to move forward with creating a new urban renewal district, which is being referred to as the Atlas District, and to expand the River and Lake district

 

 

 

Phasing Plan Atlas Waterfront Project

 

 

Illustrative Plan Atlas Waterfront Project

 

 

A Site Analysis, Financial Feasibility Study and Master Planning effort is underway to develop a urban renewal plan for the project.  That effort is being led by Welch-Comer Engineers with sub-consultants Heartland and GGLO.  City staff, ignite CDA, and elected officials have been working together to provide feedback on the analysis and to provide ample opportunities for community outreach and public involvement.  Special thanks to CDA2030 and other community volunteers for making the community engagement efforts to date a success

 

 

Atlas Waterfront Project News & Information

 

 

 

 

 

 

 

 

 

  1. Do VA loans require a down payment?

No! One of the biggest benefits of a VA loan is that no down payment is required for eligible buyers.

  1. Do VA loans require private mortgage insurance (PMI)?

No, VA loans do not require PMI, which can save you hundreds of dollars per month compared to conventional loans.

  1. What is the VA funding fee, and do I have to pay it?

The VA funding fee is a one-time fee that helps sustain the VA loan program.

  • First-time use: 2.15% of the loan amount (if putting 0% down).
  • Subsequent use: 3.3%.
  • Exemptions: If you have a service-connected disability, you may qualify for a waiver.
  1. What credit score and debt-to-income (DTI) ratio do I need?

There’s no official VA credit score requirement, but check with your lender. 

  • DTI ratio should generally be 41% or lower, but exceptions exist for strong borrowers.
  1. Can I use a VA loan to buy a vacation home or rental property?

No, VA loans are only for primary residences. You must live in the home you purchase.

  1. Does the home need to meet specific requirements?

Yes, VA loans have Minimum Property Requirements (MPRs) to ensure the home is safe, sound, and sanitary.

  • Common issues: peeling paint, broken windows, roof damage, or exposed wiring could cause delays.
  1. What’s the difference between a VA appraisal and a home inspection?
  • VA appraisal: Required to determine value and basic safety.
  • Home inspection: Optional but recommended to check for hidden issues.
  1. Can the seller pay my closing costs?

Yes! Sellers can contribute up to 4% of the loan amount toward your closing costs and concessions, which can help cover expenses like property taxes or discount points.

  1. Can I transfer my VA loan to someone else?

Yes! VA loans are assumable, meaning another qualified buyer can take over your loan’s terms—this can be a huge advantage if interest rates rise.

  1. Can I use my VA loan benefit more than once?

Yes! Your VA entitlement can be restored if you pay off or transfer your previous VA loan, allowing you to use the benefit again.

 

Thank you to Jaclyn Scotch for sharing her insights and expertise on VA Home Loans. Here is her contact info:

Jaclyn Scotch

Home Loan Officer

Location: Coeur d’Alene

If you have questions about navigating today’s market or need a recommendation, reach out! I’m here to help you make smart, confident moves.

Michelle Rene

Real Estate Associate Broker, REALTOR