721 Charles St - $185,000
3 Bedrooms, 2 baths, 1621 sq. ft. and a detached two car garage. Qualified Purchasers may be eligible to receive a deferred second mortgage of up to $60,000 and a forgivable third mortgage of $20,000 to help make monthly mortgage payments affordable. The deferred second mortgage accrues at 3% simple interest, monthly payments are not required and the loan matures after 30 years. The forgivable third mortgage is 0% interest, $1,334.00 is forgiven each year the Purchaser lives at the property. Purchaser must meet the gross income eligibility requirements and be eligible for the City's Replacement Housing Program. Click here for a Replacement Housing Application. Home must remain single family owner occupied. Please contact Dawn Reinhart at 608-789-7360 or email@example.com with questions.
To purchase a Replacement Housing home, the Buyer must have a gross income below 80% of County Median Income and qualify for a conventional mortgage. Download the Replacement Housing Application.
|2020 Maximum Gross Income Limits||Number of Residents|
NOTE: Buyers must submit a formal written offer to purchase AND a Replacement Housing Application. Offers to purchase have to be approved by the Community Development Committee (CDC), the CDC meets the 2nd Tuesday of the month. Offers to purchase and applications must be submitted by the 1st Tuesday to be considered for approval. Incomplete offers and applications will not be considered.
The homes listed below are under construction are anticipated to be completed as noted below. Please be advised that the anticipated completion date is an estimate. Upon completion, homes will be listed on the Multiple Listing Service (MLS), at or below assessed value.All homes have an owner occupied deed restriction.
Property Address & Completion Date:
- 2130 Kane St: July/August 2020
- 1458 Redfield St: June/July 2020