| Homebuyers |
| Falcon Point Lowry Denver, Colorado |
| 29th Drive Row Homes Stapleton, Denver, Colorado |
| Affordable Housing Resource Linking Builders, Buyers and Brokers |
| Affordable Properties |
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Affordable Living
The place you choose to live should be just that – a place you will enjoy living, near
work, schools and amenities. Ultimately you should have a choice…in today’s real estate
market that can be difficult. Affordable housing provides below market prices on the
front end to help you purchase and has an appreciation cap on the resale end to maintain
the affordability for future buyers.
Brand new one, two and three bedroom townhomes are available at Stapleton
(303.320.3800). Resales at Stapleton are available on the MLS and are handled
independently through Realtors or FSBO.
New two and three bedroom townhomes are available at Lowry through the Colorado
Community Land Trust (303.355.5044). Resales at Lowry are channeled through the
Land Trust staff, be sure to ask about other properties; you may wish to be placed on
their wait-list for upcoming homes. Please check with the respective sales team
members for specifics regarding these properties.
Benefits
Affordable housing is not for everyone but it's just right for some, here are some of the
advantages of purchasing an affordable home
Lower purchase price Stability
A place to call your own Consistent costs month to month
Rate of return keeps up with inflation Mortgage interest deduction
Eligibility
Formal verification of income is required to purchase an affordable home. Below are the
applications that may be used to purchase at either Stapleton or Colorado Community
Land Trust at Lowry. Income limits are based on US Department of Housing and Urban
Development. A buyer’s annual household gross income, before tax, must fall at or
below the following 2008 income limits. These limits pertain to the Denver area and are
based on 80% of Area Median Income, program requirements may vary at other
developments. Household is defined as all person's who will reside within the home.
(NEW 2009 limits)
One person $42,550 Two person $48,650
Three person $54,700 Four person $60,800
Application
If you are interested in purchasing at Stapleton or Lowry please contact the sales staff
prior to turning in an application. You may download the following forms using Adobe
Reader. Print the forms and fill them out as completely as possible and include all
requested documentation, you will find the mailing address on the instruction sheet.
Your certification letter will take 3-5 days from receipt of your complete application
package. Certification means you are eligible to purchase a specific affordable property.
In conjunction with the application process you must also contact a mortgage lender to
qualify for a home loan.(you will find an abbreviated list of lenders below)
Download these five files for your application packet.
1.Instructions for CCLT or Instructions for Stapleton
2.Application for CCLT or Application for Stapleton
3.Employment Verification Form
4.Authorization Form
5.Affidavit Form
Homebuyer Education Class - If you are a first-time buyer attending a homebuyer
education class is the best thing you can do to help yourself prepare for home
ownership. The class will assist you with everything from credit to closing. You’ll find a
schedule for classes offered throughout Colorado at www.colohfa.org or call CHFA at
303.297.7376.
More Information
Frequently asked questions
www.coloradohousingsearch.com
www.coloradohousingcounseling.org
The place you choose to live should be just that – a place you will enjoy living, near
work, schools and amenities. Ultimately you should have a choice…in today’s real estate
market that can be difficult. Affordable housing provides below market prices on the
front end to help you purchase and has an appreciation cap on the resale end to maintain
the affordability for future buyers.
Brand new one, two and three bedroom townhomes are available at Stapleton
(303.320.3800). Resales at Stapleton are available on the MLS and are handled
independently through Realtors or FSBO.
New two and three bedroom townhomes are available at Lowry through the Colorado
Community Land Trust (303.355.5044). Resales at Lowry are channeled through the
Land Trust staff, be sure to ask about other properties; you may wish to be placed on
their wait-list for upcoming homes. Please check with the respective sales team
members for specifics regarding these properties.
Benefits
Affordable housing is not for everyone but it's just right for some, here are some of the
advantages of purchasing an affordable home
Lower purchase price Stability
A place to call your own Consistent costs month to month
Rate of return keeps up with inflation Mortgage interest deduction
Eligibility
Formal verification of income is required to purchase an affordable home. Below are the
applications that may be used to purchase at either Stapleton or Colorado Community
Land Trust at Lowry. Income limits are based on US Department of Housing and Urban
Development. A buyer’s annual household gross income, before tax, must fall at or
below the following 2008 income limits. These limits pertain to the Denver area and are
based on 80% of Area Median Income, program requirements may vary at other
developments. Household is defined as all person's who will reside within the home.
(NEW 2009 limits)
One person $42,550 Two person $48,650
Three person $54,700 Four person $60,800
Application
If you are interested in purchasing at Stapleton or Lowry please contact the sales staff
prior to turning in an application. You may download the following forms using Adobe
Reader. Print the forms and fill them out as completely as possible and include all
requested documentation, you will find the mailing address on the instruction sheet.
Your certification letter will take 3-5 days from receipt of your complete application
package. Certification means you are eligible to purchase a specific affordable property.
In conjunction with the application process you must also contact a mortgage lender to
qualify for a home loan.(you will find an abbreviated list of lenders below)
Download these five files for your application packet.
1.Instructions for CCLT or Instructions for Stapleton
2.Application for CCLT or Application for Stapleton
3.Employment Verification Form
4.Authorization Form
5.Affidavit Form
Homebuyer Education Class - If you are a first-time buyer attending a homebuyer
education class is the best thing you can do to help yourself prepare for home
ownership. The class will assist you with everything from credit to closing. You’ll find a
schedule for classes offered throughout Colorado at www.colohfa.org or call CHFA at
303.297.7376.
More Information
Frequently asked questions
www.coloradohousingsearch.com
www.coloradohousingcounseling.org
| Syracuse Village Stapleton, Denver Colorado |
| Other Programs The City of Boulder has an excellent affordable housing program however, you must live and/or work in the City to quality: affordable housing in Boulder Newsed offers HUD homes for sale as well as many other services for potential home buyers. They also are part of the hotline for foreclosure prevention 1-877-601-HOPE Participating Lenders Jay Rabideau Jennifer Luce Unifirst Mortgage 1st Bank 303.572.2850 303.740.5337 Evan Jansen Sandy Levy Summit Home Mortgage Universal Lending 720.200.9480 303.759.7402 Matthew Ackerman April Muniz Universal Lending Vectra Bank 303.759.7331 720.947.8403 These are but a few of the fine lenders offering specialized services for affordable homebuyers, you will find other's on the respective websites for Stapleton and the CCLT of Lowry |
| Poplar Single Family Community Boulder Colorado |