This property is offered through a permanently affordable homeownership program and is restricted to owner-occupants only; prospective buyers should review the Metro Denver income limit chart to confirm eligibility. Elevation Community Land Trust (ECLT) requires interested buyers to first explore their Homeownership Program details on the ECLT website before making… Read More an offer, and cooperating brokers should be aware that clients must complete the ECLT application process and obtain a Letter of Full Qualification prior to submitting an offer, which confirms both Program Acceptance by ECLT and loan Approval from one of ECLTs four participating lenders (additional details are available in the supplemental documents). Only conventional financing is accepted under this program, and buyers should expect a $100 monthly land lease fee. This is a preservation property subject to a City of Denver deed restriction covenant, alongside Elevation Community Land Trusts Land Lease and related documents, and any purchase contract must include standard language under the Additional Provisions section acknowledging both the City covenant and the income qualification approval issued by the City of Denvers Department of Housing Stability (HOST).
Interested buyers must be income-verified through the City of Denvers Department of Housing Stability (HOST) before purchasing this home. Eligibility is based on household size and area median income (AMI), as shown in the chart below; a buyers household income generally must fall at or above 50% AMI and at or below 100% AMI for their household size. Prospective buyers are encouraged to confirm where their household falls within this range before submitting an offer.
AMI %1 Person 2 Persons 3 Persons 4 Persons 5 Persons 6 Persons
50% $50,400 $57,600 $64,800 $72,000 $77,800 $83,550
100% $100,800 $115,200 $129,600 $144,000 $155,600 $167,100 Read Less
Listings courtesy of METROLIST, INC., DBA RECOLORADO® as distributed by MLS GRID, based on information submitted to the MLS GRID as of . Information is provided exclusively for consumers' personal noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed by MLS GRID. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may be listed or sold by various participants in the MLS, who may not be the office/agent presenting the information.
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