FOR SALE PROPERTIES
MARKET TO AFFORDABLE VS. AFFORDABLE RE-SALES
What I need to know before applying?
The Market to Affordable Program is an opportunity for home ownership for low- to moderate-income households by providing a subsidy to “buy down” the price of a market rate home to an “affordable” level. In return, participants agree to sign a 30-year deed restriction that preserves the home’s affordability for future low- and moderate-income buyers.
Market Rate of home: $250,000
Municipal subsidy: $25,000
Affordability Assistance: $5,000
Your mortgage amount: $220,000
For more information about the Market to Affordable Process, click here before applying.
The Affordable Re-Sales Program is an opportunity for home ownership for low- to moderate-income households when a current affordable home in our inventory is re-sold by its current affordable homeowner. These units are already at an affordable sales price; therefore, no subsidy is provided.
For more information about the Affordable Re-Sales Process, click here before applying.