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AFFORDABLE HOMES FOR SALE

11 Anniversary Court, Madison, WI 53714

Listing Price: $200,000

  • 2-story
  • 1,188 sq ft
  • 3 bedroom, 1.5 bathroom 
  • 1-car attached garage
  • Vaulted ceilings
  • Partially finished basement
  • Concrete Patio
  • Attached home and condominium unit in Anniversary Court Condo Owners Association
  • Monthly fees: $225 in condo dues (MACLT fees included)

Tours of 11 Anniversary Court are available by request at tiffany@thealvaradogroup.com

For more information & photos of 11 Anniversary Court CLICK HERE

Para más información y fotos de 11 Anniversary Court HAGA CLIC AQUÍ

5173 Great Gray Drive, Madison, WI 53718

Listing price: $240,000

  • Type: 2-story, Twin home, Shared Wall
  • New construction 
  • 1,199 sqf
  • 2 bedroom, 1.5 bathroom plus study
  • 1-car attached garage
  • Open-concept kitchen with a great room
  • Solid surface countertops
  • Concrete patio from the kitchen
  • Barrier-free first floor with 43-inch stairway
  • Monthly fees: $100 total in MACLT fees ($75 ground lease fee and $25 maintenance reserve fee)

Tours of 5173 Great Gray Drive are available by request at housing@maclt.org

For more information & photos of 5173Great Gray Drive CLICK HERE

Para más información y fotos de 5173 Great Gray Drive HAGA CLIC AQUÍ

  • Your first step in determining your eligibility to buy any of these homes 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 one of these homes, all materials must be submitted to MACLT with the Intent to Purchase.

Intent to Purchase 5173 Great Gray Drive

Intent to Purchase 11 Anniversary Court

  • Buyers must also attend an MACLT Orientation if they haven’t already.  See below for upcoming Orientation information.

ELIGIBILITY CRITERIA FOR THIS HOME

  • Household income must be below 80% county median income (see table below)
  • Submit a program pre-application to determine eligibility
  • Attend an MACLT orientation with staff.
  • Be pre-approved for a mortgage with an MACLT-approved lender at the value of the house available, with necessary 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 local courses. Any Wisconsin-based HUD-certified Home Buyer Education certificate works for us.
  • The following requirements are for ONLY 5173 Great Gray Drive
    • 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
    • Must meet the City of Madison’s full income and asset guidelines. To view: CLICK HERE

You should first fill out our MACLT Pre-application to begin the process! All other eligibility criteria do not need to be met in any order; however, all must be met before a prospective buyer can close on a CLT home. If multiple people are interested in a home, a top buyer will be selected according to an equity-based point system in place at MACLT.

UPCOMING MACLT ORIENTATIONS 

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).

Monday, November 3rd at 5:30 PM on Zoom

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