Lindsay McBride Real Estate

Denver’s Affordable Housing Program

cs406 crop Denvers Affordable Housing Program

The Slifer, Smith & Frampton – Denver office has three incredible condos in Denver’s Affordable Housing Program.  This is a great program set up to provide housing that is attainable for lower income individuals and families throughout Denver.  It is a great opportunity to live in Riverfront Park for a significantly discounted price.  A potential buyer would need to apply through the city by submitting their tax returns and current employment information.  There are a couple of things to note about this program.

1.  These homes can only be owner occupied.  You cannot keep them as a rental after you move out.

2.  The city sets the maximum sales price and maximum income levels.  Typically appreciation is capped at 3% a year.

3.  The deed restriction is for 20 years.  After this time period ends, this home will come out of the program and be at fair market value.

 

For more information please feel free to call me or go to the city’s website.  The three that are available are Glass House #1615, Creekside Lofts #406 and Creekside Lofts #302.

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