1104 Mound Street Unit A/B Madison, WI 53715
Listing Price: $ 210,000
- 3 bed, plus Loft
- 2 bath
- 1,736 sq ft
- 1 car parking stall
CLICK HERE TO VIEW THE FULL ADVERTISEMENT & PHOTOS
- 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 an MACLT 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 this home, all materials must be submitted to MACLT with the Intent to Purchase by midnight on Monday, September 30, 2024.
- Buyers must also attend an MACLT Orientation if they haven’t already. See below for upcoming Orientations.
- This condo unit is located within the Village Cohousing Community (VCC). Buyer will need to complete VCC requirements in addition to MACLT’s. Please see their website for more information: Becoming a Member (villagecohousingcommunity.com). For more in-depth information, you may review the VCC Prospective Member Documents HERE.
ELIGIBILITY CRITERIA FOR THIS HOME
- Household income must be below 80% county median income (see table below)
- You must not own other residential property at the time of closing.
- You must not have owned another home in the last 3 years.
- 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
- Attend an MACLT Orientation with staff
- Be pre-approved for a mortgage with a partnered MACLT lender at the value of the home available, with down-payment or down-payment assistance
- Attend a HUD-certified Home Buyer Education Workshop (completion certificate valid for 18 months) See here for a schedule of courses.
- Meet all City of Madison guidelines. To review the City of Madison’s full income and asset guidelines CLICK HERE.
- This affordable home is located within the Village Cohousing Community. All prospective buyers will need to complete VCC requirements in addition to MACLT’s. See VCC requirements HERE.
UPCOMING MACLT ORIENTATIONS
In-Person MACLT Orientation Unit Tour, and Village Cohousing Happy Hour
Friday, September 13, 2024, at 4:00 PM
Location:
Village Cohousing Community
1104 Mound St.
Madison, WI 53715
Attendance at the in-person Orientation at Village Cohousing Community (VCC) will allow attendees to learn more about VCC, tour the unit and community, and socialize with current VCC members.
Schedule of events 9/13/2024:
4:00 – 4:45 MACLT Orientation
4:45 – 5:30 Tour of VCC and Unit
5:30 – 6:30 VCC Happy Hour Social
Virtual MACLT Orientation (ZOOM)
Tuesday, September 17, 2024, at 5:30 PM
The MACLT orientation will review the Madison Area Community Land Trust program, which you can additionally learn more about at our website (www.maclt.org).
Register→ HERE for Virtual Orientation on 9/17/2024.
Orientations are required to purchase a home. Contact housing@maclt.org if you need assistance or cannot make the scheduled time but are interested in this home.