CURRENTLY PENDING SALE
717 S. 19th Street - Full Application Round Opens at 3:00 pm on Wednesday, July 2nd!
GFCLT Sales Price: $250,000
+ up to $100,000 in downpayment assistance subsidy available for qualified buyers, subsidy amount determined based on income.
We encourage any households that are pre-qualified for a mortgage of $150k or more to apply.
Market-rate leasehold value of this home is approximately $280,000
GFCLT’s most recent addition to our portfolio features:
Full Application is Now Available! GFCLT will review applications and enter into a purchase agreement on a “first-ready, first-served” basis.
How does GFCLT and our subsidy work?
All buyers must earn under 120% area median income ($87,675 for an individual, $125,250 for a Family of 4). Downpayment assistance subsidy amount will be determined based on household's income. In general, households will pay approximately 22-25% or their gross monthly income toward their mortgage payment.
Additional eligibility information can be found on our website: https://www.gfclt.org/prospective-buyers.html
GFCLT makes our homes affordable through a shared-equity resale formula. GFCLT homeowners purchase the home’s structure and improvements to the property, while the CLT retains ownership of the land. CLT homeowners agree to share appreciation with the CLT when they sell in the future, allowing GFCLT to keep our homes affordable for future generations. GFCLT homeowners receive approximately 25% of their home's appreciation at resale, plus all of the mortgage principal they’ve paid down during ownership. Additional information can be found in our website, or by sending us a message with questions.
Working with a Realtor? GFCLT will pay 3% commission to Buyer’s representative at closing.
717 S. 19th Street - Full Application Round Opens at 3:00 pm on Wednesday, July 2nd!
GFCLT Sales Price: $250,000
+ up to $100,000 in downpayment assistance subsidy available for qualified buyers, subsidy amount determined based on income.
We encourage any households that are pre-qualified for a mortgage of $150k or more to apply.
Market-rate leasehold value of this home is approximately $280,000
GFCLT’s most recent addition to our portfolio features:
- 4 Bedrooms
- 3 Bathrooms
- Updated kitchen
- Detached, 2-stall garage
- Tranquil, fenced-in yard with mature flowers
- Located within just a few blocks of Ben Franklin Elementary school.
Full Application is Now Available! GFCLT will review applications and enter into a purchase agreement on a “first-ready, first-served” basis.
How does GFCLT and our subsidy work?
All buyers must earn under 120% area median income ($87,675 for an individual, $125,250 for a Family of 4). Downpayment assistance subsidy amount will be determined based on household's income. In general, households will pay approximately 22-25% or their gross monthly income toward their mortgage payment.
Additional eligibility information can be found on our website: https://www.gfclt.org/prospective-buyers.html
GFCLT makes our homes affordable through a shared-equity resale formula. GFCLT homeowners purchase the home’s structure and improvements to the property, while the CLT retains ownership of the land. CLT homeowners agree to share appreciation with the CLT when they sell in the future, allowing GFCLT to keep our homes affordable for future generations. GFCLT homeowners receive approximately 25% of their home's appreciation at resale, plus all of the mortgage principal they’ve paid down during ownership. Additional information can be found in our website, or by sending us a message with questions.
Working with a Realtor? GFCLT will pay 3% commission to Buyer’s representative at closing.
