This proposal seeks funds to acquire the land on which two low or middle income (LMI) first time home buyers will be able to buy homes in Amherst. ACLT will work with two LMI qualified buyers who meet credit worthiness and home ownership readiness standards to select and purchase houses in Amherst. By owning the land beneath the houses in perpetuity, ACLT will assure that the two properties always remain eligible for the Subsidized Housing Inventory.
Project in progress
05-09-2018
Project Category
Project Details
Housing Units
2
0
2
Acres
0
0
0
0
0
0
CPA Funding
$0
$266,200
$0
$0
$0
$266,200
$0
0
$0
Other Funding Sources Leveraged
$0
$0
$0
$0
$0
Total Project Cost
$266,200
$0
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