Home for Sale Thompson River Valley Ranch Carbondale Community Housing Program

Transcription

1 Home for Sale Thompson River Valley Ranch Carbondale Community Housing Program $187, Jacobs Place, Carbondale Open House: Saturday, October 6th 2:30 4:30pm Details: Cindy Sadlowski or Two-story, duplex home 2 bedrooms, 2 baths Full, unfinished basement 1250 square feet All kitchen appliances included HOA dues are $130 monthly Walk or bike to downtown Carbondale 1

2 PROGRAM PROGRAM DESCRIPTION This home is part of the Town of Carbondale s Community Housing Program. Buyers must meet qualifications identified below. This home has a deed restriction which limits maximum resale price to the Consumer Price Index but no more than five percent annual appreciation. For more information on this program, please contact contract administrator Garfield County Housing Authority at or The GCHA serves residents between Basalt and Parachute for whom conventional housing is unaffordable. GCHA assists individuals, families, seniors and persons with disabilities and works to locate and rent or purchase adequate housing. GCHA also works with the communities and governments on affordable housing policies and guidelines. Our goal is to build healthy communities by ensuring quality housing for all residents in the Roaring Fork and Colorado River valleys. The GCHA was established in 1984 by the Garfield County Commissioners as a stand-alone agency. GCHA is an independent, quasi-governmental agency. 2

3 PROGRAM ELIGIBILITY REQUIREMENTS Income Requirement - Maximum Household Gross Income, Category 4: 0 dependents - $116,850 1 dependents - $124,350 2 dependent - $131,850 3 dependents - $139,350 Maximum household assets are limited to $225,000. Net Assets do not include retirement instruments. Persons age 65 and over are allowed a 50% increase in net assets. Employment or Residency Requirement Household must occupy the unit as a primary residence upon purchase. Household includes all occupants of the unit. All completed applications will be assigned by the Garfield County Housing Authority to one of three Categories. Category one applicants will receive priority over other category applicants. A. A qualified buyer must be a full-time employee (minimum of 30 hours/week, 9 months/year) working in the Roaring Fork Valley, or a retired or disabled person who has been a full-time employee in the Roaring Fork Valley. Priority is given to qualified buyers working or living fulltime within the Town of Carbondale. B. A buyer must occupy the unit as their primary residence. C. A qualified person must not own developed residential real estate or a mobile home in the Roaring Fork Valley. D. Buyer must comply with Town of Carbondale Community Housing Program guidelines and deed restriction. Open House Saturday, October 6, :30pm 4:30pm Lottery & Application Applications received by 5:00pm, Monday, October 8, 2012 will be placed in a lottery. All qualified buyers will be placed in a lottery held Wednesday, October 10, 2012 at noon at the GCHA Glenwood Office. If no applications are received by the lottery due date, applications will be accepted first come, first served. To receive a letter of eligibility as a qualified buyer, please complete an application packet and submit to an address below (no faxed applications). All information is confidential. Geneva Powell Kathryn Grosscup Executive Director 302 W. 8 th Street, Suite Railroad Avenue Glenwood Springs, CO Rifle, CO

4 PROGRAM APPLICATION REQUIREMENTS Submit the following documents for all adult household members, 18-years or older: a. Completed application packet. The application packet follows this page. Please keep the initial pages for your information. b and 2010 state and federal tax returns and associated W-2s. c. Self-employed individuals will need to provide profit and loss statements, and any other additional documentation proving that the employment is in Garfield County and showing income. d. Pay stubs for the last 3 months for all jobs held and 3 pay stubs for any seasonal jobs routinely held. e. Current statements for all assets (bank accounts, savings accounts, IRAs, etc.) indicating current balance, interest rate, or annual dividend or documentation for other assets (real estate, etc). f. Copy of pre-qualification letter from a lender that states you are qualified to purchase the home or financial documentation that verifies you can purchase the unit on your own. Note: GCHA suggests that you ask the lender to include your debt-to-income ratio and approximate payment including taxes and insurance (PITI) so that you have an idea of your monthly expense to own this home. A pre-qualification letter is not a loan commitment. GCHA supports completion of a Home Buyer Education course prior to homeownership. Co-ownership and Co-signing Any co-ownership interest, other than joint tenancy or tenancy-in-common, must be approved by the GCHA. g. Copy of your driver s license(s) and social security card(s), OR a copy of your passport(s). 4

5 APPLICATION FORM Home: 589 Jacobs Place, Carbondale in Thompson Corner BID PRICE: APPLICANT CO-APPLICANT NAME(S) MAILING ADDRESS PHONE (H) (H) (W) (C) (W) (C) LIST NAMES OF OTHER OCCUPANTS AND RELATIONSHIP. For a dependent to qualify for purposes of household income categories, the child or children must be living with you at least half the year. NAME RELATIONSHIP AGE Qualification Priorities Are you currently employed full-time by a Carbondale employer? Applicant: [ ] Yes [ ] No Co-applicant: [ ] Yes [ ] No Are you currently a full-time resident of Carbondale? Applicant: [ ] Yes [ ] No Co-applicant: [ ] Yes [ ] No 5

6 APPLICATION FORM APPLICANT EMPLOYER NAME Address Phone Number Contact Person s of Employment EMPLOYER NAME Address Phone Number Contact Person s of Employment CO-APPLICANT EMPLOYER NAME Address Phone Number Contact Person s of Employment EMPLOYER NAME Address Phone Number Contact Person s of Employment ATTACH ADDITIONAL SHEETS IF NECESSARY 6

7 APPLICATION FORM EMPLOYMENT/INCOME VERIFICATION Please submit one copy for each employer I give my permission to the GCHA to obtain income and employment information required for this application. GCHA will contact my current employer to verify information below. (Applicant sign on the line above) Please list employer and income: PLACE OF EMPLOYMENT ADDRESS GROSS MONTHLY INCOME GROSS ANNUAL INCOME COMMISSIONS, DIVIDENDS, EXTRA INCOME I verify that the above information is accurate and true: Employer signature and title Printed name of the above Telephone number 7

8 APPLICATION FORM ASSET INFORMATION SHEET Please list all bank accounts, savings accounts and other assets for all adult household members, 18-years and older. APPLICANT CO-APPLICANT Institution Type of Asset Balance $ $ Institution Type of Asset Balance $ $ Institution Type of Asset Balance $ $ Vested Interest in a Retirement Fund $ $ Net Worth of Business(es) Owned (Attach Financial $ $ Statement) Other assets TOTAL NET ASSETS 8

9 PROGRAM APPLICATION DO YOU OWN ANY PROPERTY? Per the Carbondale Community Housing Guidelines owners of homes in the program may not own other improved real estate in the Roaring Fork Valley, including mobile homes, with the exception of owner-occupied commercial real estate (not less than 50% occupied by the owner). APPLICANT CO-APPLICANT [ ] Yes [ ] No [ ] Yes [ ] No ADDRESS TYPE OF PROPERTY (Land, House, Apt.) VALUE AMOUNT OWED RENTAL INCOME APPRAISED VALUE Other partners in the Property ownership? [ ] Yes [ ] No If yes, how many? If you currently occupy this property, please indicate your plan if you are the lottery winner. Will you sell this property or rent it? Please remember that the Community Housing Units must be owner-occupied. 9

10 ACCEPTANCE OF GRIEVANCE POLICY VERIFICATION OF TRUE AND ACCURATE INFORMATION ACKNOWLEDGEMENT OF CARBONDALE COMMUNITY HOUSING GUIDELINES I/we,, wish to apply to purchase community housing. I/we understand that the community housing unit is made available by the rules set forth in the Carbondale Community Housing Guidelines. I/we recognize that as part of the regulations and guidelines, the staff of the GCHA is responsible for making a determination about whether I am eligible to purchase a community housing unit, and that the determination is made according to Carbondale Affordable Housing Guidelines. If I/we do not agree with the determination of the GCHA staff, I/we recognize that I/we have the right to file a grievance in accordance with the regulations. I/we recognize that either the Board or a court may overturn the eligibility decision of the staff of the GCHA. If I/we appeal and receive a favorable ruling from either the Board or a court, I/we hereby acknowledge that my/our sole remedy will be to have my/our name put forward in the next lottery or sale opportunity for the next available unit. I/we waive my/our right to seek other damages such as specific performance or monetary compensation for any loss or inconvenience I/we feel I/we may have sustained as a result of being determined ineligible. I/we also waive any claim of attorney s fees if I/we appeal and prevail. I/we, hereby verify that all information provided in this application package is accurate and true. It is understood that I/we will be disqualified from the application and approval process by the GCHA if it is determined that any or all information is inaccurate or non-verifiable. I/we shall be notified by the GCHA as to my/our subsequent disqualification and the reasons thereof. I/we also acknowledge and accept that I/we must comply with the deed restriction and the Carbondale Community Housing Guidelines if we purchase this home. I/we acknowledge that the home must be owner-occupied. I/we must enter into a Contract to Purchase and provide $500 earnest money within 7 business days of receiving a letter of eligibility from GCHA. I/we understand that all typical closing costs will apply. Applicant Co-Applicant 10

11 AUTHORIZATION TO OBTAIN COPY OF LOAN APPLICATION and OTHER LOAN INFORMATION This document provides authorization to the GCHA to obtain your actual loan documentation from the lender you choose for your financing. You do not need to fill out the name of a lender at this time. Upon signing of the contract for purchase and choosing a lender for your financing, you will need to provide the name of your lender to the GCHA so that they may obtain a copy of your original loan documents as necessary. The undersigned hereby authorizes my/our lender, to furnish a copy of my/our completed loan application and other requested loan documents to the GCHA. Applicant Co-Applicant 11

12 AFFIDAVIT IN COMPLIANCE WITH C.R.S , et.seq APPLICANT: I,, swear or affirm under penalty of perjury under the laws of the State of Colorado that (check one) I am a United States citizen, or I am a Permanent Resident of the United States, or I am lawfully present in the United States pursuant to Federal law. CO- APPLICANT: I,, swear or affirm under penalty of perjury under the laws of the State of Colorado that (check one) I am a United States citizen, or I am a Permanent Resident of the United States, or I am lawfully present in the United States pursuant to Federal law. I/we understand that this sworn statement is required by law because I/we have applied for a public benefit. I/we understand that state law requires me to provide proof that I am/we are lawfully present in the United States prior to receipt of this public benefit. I/we further acknowledge that making a false, fictitious, or fraudulent statement or representation in this sworn affidavit is punishable under the criminal laws of Colorado as perjury in the second degree under Colorado Revised Statute and it shall constitute a separate criminal offense each time a public benefit is fraudulently received. Applicant Co-Applicant 12