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Qualifications
Every dwelling unit developed through the Infill Housing Program must be sold to a low or moderate income household to be used as their primary residence (rentals not permitted). A household is deemed qualified once they have met the following requirements:
- Homeownership Counseling:
The eligible household must complete a homeownership training course through a participating counseling agency that provides financial management, credit counseling and other related technical services to participating families for the purpose of financing a single-family home and has received a certificate verifying that he/she has successfully completed the course.
- First Time Homebuyer:
The eligible household must be a first-time homebuyer. A first-time homebuyer is an individual who meets any one of the following criteria:
- An individual who has had no ownership interest in a principal residence during the 3-year period ending on the date of purchase of the property. This includes a spouse (if either meets the above test, they are considered first-time homebuyers);
- A single parent who has only owned a home with a former spouse while married;
- An individual who is a displaced homemaker and has only owned with a spouse;
- An individual who has only owned a principal residence not permanently affixed to a permanent foundation in accordance with applicable regulations;
Income Verification:
The eligible household must provide proof, in the form of a mortgage commitment letter, that they meet the income level of a low or moderate income household. A low income household is defined as a household whose total annual income is 80% or below of the Area Median Income (AMI). A moderate income household is defined as a household whose total annual income is above 80% of AMI, but less than 140%) For a list of participating lenders and area median income, click on the underlined.
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