CLT New Build

BRAND NEW home currently on the market.

This 3 bed /1 bath ranch with a 2-car garage is listed exclusively for qualifying Land Trust Buyers. 1100 square feet of living area with an open floor-plan, FULL basement is stubbed for an additional bathroom. This is a great opportunity for lower income buyers to get into a NEW home. Located in the Marlborough neighborhood, this home is less than 10 minutes from Ward Parkway Shopping Center, 5 minutes from Waldo shops & restaurants, 5 minutes access to 71 Highway.

COST SAVINGS:

10 YEAR TAX ABATEMENT means lower mortgage payments.
All-electric home - no gas bill!
1-year home warranty included.
Repair Fund - KCCLT maintains a Repair Reserve Fund to help with maintenance and unexpected repairs!

WHO QUALIFIES?

Qualified buyers are OWNER-OCCUPANTS whose household income is 80% or less of Area Median Income (AMI), which is as follows: $57,750 (single person); $66,000 (household of 2); $74,250 (household of 3); $82,500 (household of 4); $89,100 (household of 5).
Buyers must complete an application with KCCLT & obtain pre-approval from a CLT Lender (ask agent about zero down options w/ no PMI!).
HUD-approved home-buyer education class required prior to closing.
Listing agent will walk you through all the steps for your buyer to qualify; don’t hesitate to reach out!