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.

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Example:

Market Rate of home:                   $250,000

Municipal subsidy:                         $25,000

Affordability Assistance:              $5,000

Your mortgage amount:             $220,000

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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.

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