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Preliminary Unit Information
Proposed unit sizes and prices:
| 1 Bedroom 1 Bath | 850 sqft. |
$155,000 |
| 2 Bedroom 2 Bath | 1,075 sqft. |
$195,000 |
| 3 Bedroom 2 Bath | 1,350 sqft |
$244,900 |
One bedroom and two bedroom units might be convertible to include an additional bedroom.
80% of units will be reserved for households with incomes at or below 120% of area median income.
Qualifying households may also be eligible for subsidies:
No more than 100% of Area Median Income $10,000
(This subsidy is forgiven over four years of owner occupancy.)
61% to 80% of Area Median Income, up to $20,000
Below 60% of Area Median Income, up to $30,000
(This subsidy is a low-interest loan with no payments due until the home is sold.)
These subsidies are available for purchase of units priced at $195,000 or less.
Area Median Income Limits:
| Household Size | 60% Area Median $ | 80% Area Median $ | 100% Area Median $ | 120% Area Median $ |
| 1 person | 31,680 | 42,200 | 52,800 | 63,360 |
| 2 persons | 36,180 | 48,250 | 60,300 | 72,360 |
| 3 persons | 40,740 | 54,250 | 67,900 | 81,480 |
| 4 persons | 45,240 | 60,300 | 75,400 | 90,480 |
| 5 persons | 48,840 | 65,100 | 81,400 | 97,680 |
| 6 persons | 52,500 | 69,950 | 87,500 | 105,000 |
| 7 persons | 56,100 | 74,750 | 93,500 | 112,200 |
| 8 persons | 59,700 | 79,600 | 99,500 | 119,400 |
An additional subsidy may be available. If the project qualifies, it would be available to buyers of any income level:
Difficult to develop area (DDA) purchase price subsidy, up to $20,000
Buyers must qualify for a mortgage at the purchase price.
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