NEWS

Two remaining Affordable Twin Homes for Sale!

Act quickly to secure a new Twin Home at Great Gray Drive located in the Owl Creek neighborhood of Southeast Madison. The remaining homes will go to the first eligible buyer who submits the necessary materials (see below).

Listing Price: $ 235,000

  • 2 bed, plus Study, 1.5 bath, 1 car garage 1,199 sqf
  • 2-story, Twin home, Shared Wall

Conveniently located within a brief walk to the Owl Creek neighborhood park and on the bus line, this home is the epitome of comfort and convenience. Construction is set to begin in Summer 2024, with your new home ready by Summer 2025.

For More Information  & Photos Click Here

  • Your first step in determining your eligibility to buy this home is to submit a pre-application. You may also reach out to MACLT staff at housing@maclt.org with any questions.
  • Interested prospective buyers must submit a pre-application, a mortgage pre-approval with a MACLT-approved lender, and an Intent to Purchase to be eligible to buy the home. If you are interested in buying one of these homes, all materials must be submitted to MACLT with the Intent to Purchase as soon as possible.
  • Buyers must also attend a buyer orientation with MACLT if they haven’t already.  Please contact MACLT staff at housing@maclt.org with your preferred dates and times to schedule your orientation.

ELIGIBILITY CRITERIA FOR THESE HOMES

  • Household income must be below 80% county median income (see table below)
  • You must not own other property at the time of closing
  • The maximum amount of “liquid assets” that you can have in reserves after closing cannot exceed the equivalent of twelve months of Principal, Interest, Taxes, Insurance and lease fees
  • Submit a program pre-application to determine eligibility
  • Attend an MACLT orientation with staff
  • Be pre-approved for a mortgage at the value of the house available, with necessary down-payment or down-payment assistance
  • Attend a HUD-certified homeowner education workshop (completion certificate valid for 18 months) See here for a schedule of courses.
  • To review the City of Madison’s full income and asset guidelines CLICK HERE

Haga clic aquí para ver el anuncio completo en español:https://maclt.org/wp-content/uploads/2024/04/Spanish-Ad-Great-Gray-Drive.pdf

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