| 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.
There are still a few brand new townhomes are available at Stapleton (303.320.3800); and a
new property through New Town Builders will be coming on board soon.
Resales at Stapleton are available on the MLS and are handled independently through
Realtors or FSBO. If you are interested in re-sale opportunities in the affordable housing
communities contact Damon Knop. Damon is an experienced Vetran in affordable sales,
check out his blog. You can reach Damon at 303-332-8754.
There are still lovely townhomes available at Lowry through the Colorado Community Land
Trust (303.856.7357). 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 2010 limits
out soon)
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. There is
a homebuyer education class offered on site at Stapleton each month
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.
There are still a few brand new townhomes are available at Stapleton (303.320.3800); and a
new property through New Town Builders will be coming on board soon.
Resales at Stapleton are available on the MLS and are handled independently through
Realtors or FSBO. If you are interested in re-sale opportunities in the affordable housing
communities contact Damon Knop. Damon is an experienced Vetran in affordable sales,
check out his blog. You can reach Damon at 303-332-8754.
There are still lovely townhomes available at Lowry through the Colorado Community Land
Trust (303.856.7357). 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 2010 limits
out soon)
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. There is
a homebuyer education class offered on site at Stapleton each month
More Information
Frequently asked questions
www.coloradohousingsearch.com
www.coloradohousingcounseling.org
| Syracuse Village Stapleton, Denver Colorado |
| Other Programs DENVER: For resale purchases please contact the City of Denver affordable program or Stephanie Inderwiesen 720/913-1634 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. Foreclosure prevention hotline 1-877-601-HOPE Participating Lenders Norma Waisanen Jennifer Luce Summit Mortgage 1st Bank 303-991-2749 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 |
| Poplar Single Family Community Boulder Colorado |