PROGRAMS / FIRST-TIME HOMEBUYERS
Fair & Affordable Housing for Sale!
“Interested in purchasing a Fair and Affordable Home?”
Fair and affordable housing developments are developments which have been funded by government programs through the federal government, New York State, Westchester County and local municipalities. From time to time units in these fair and affordable housing developments become available and are placed on the market at their restricted affordable “maximum resale prices” to be resold to potential first-time homebuyers.
To purchase one of these units you must qualify based on the specified income and affordability restrictions as stipulated in the “Declaration of Restrictive Covenant”.
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Interested in previewing a property? - Here's what you need to know!
If you are interested in previewing a property please note that you are REQUIRED to complete a preliminary application prior to previewing any units. We ask you to complete the form so that we can ensure that all prospective buyers meet the basic requirements for purchase.
*Approval for purchase will not be determined until a completed application for purchase is submitted and reviewed.
Download a preliminary application (pdf)
For ALL prospective buyers please click here to download an application. to begin the approval process for purchase.
*HUD AREA MEDIAN INCOME (AMI) LIMITS
(Maximum allowable income per household)
Income |
1 person Household |
2 person Household |
3 person Household |
4 person Household |
5 person Household |
6 person Household |
80% |
$58,600 |
$67,000 |
$75,400 |
$83,800 |
$90,500 |
$97,200 |
60% |
$43,980 |
$50,280 |
$56,580 |
$62,820 |
$67,860 |
$72,900 |
50% |
$36,650 |
$41,900 |
$47,150 |
$52,350 |
$56,550 |
$60,750 |
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142 N. Eighth Avenue, Mt. Vernon
| 1 Bedroom Condo |
Taxes: $2,904 ($242 Monthly) |
| Sale Price: $128,759 |
Common Charges: $290 |
| 700 Square Feet |
Must Meet 80% AMI for Household |
| 2 Bedroom Condo |
Taxes: $4,500 ($375 per month) |
| Sale Price: $133,140 |
Common Charges: $340 |
| 750 Square Feet |
Must Meet 80% AMI for Household |
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26 Lawn Avenue, New Rochelle
Ownership Unit with Rental Unit |
|
Square footage: 1,800 |
Unit 1 - 3 Bedrooms,
1 1/2 Baths with deck |
Purchaser Must meet 60% AMI for household
(3 person Household minimum) |
Estimated Insurance: $42 per month
|
Unit 2 (Rental) - 1 Bedroom,
full bath with front porch
(Maximum Rent $982 per month) |
Renter Must meet 50% AMI and 62 + yrs old |
Taxes: $874 (Annual $10,488)
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To preview a property, or just have questions please contact
Judith Capote 914-428-4507 Ext. 324
jcapote@wroinc.org / homebuying@wroinc.org
Please call for an appointment
Phone: (914) 428-4507 x324
Fax: (914) 428-9455
E-mail: Homebuying@wroinc.org
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