Department of Neighborhood Development (DND) Income Restricted resale condo. 2 bedroom condo on the third floor includes: in-unit washer dryer, new central AC, professionally managed condo association & parking space. Near the 43 Bus, and Orange & Silver Lines! To purchase the condo a 1 member household must make between $66,650 - $99,950, 2 household members (HM) must make between $76,150 - $114,250, 3 HM must make between $85,700 - $128,500 & 4 HM must make between $95,200 - $142,800. Please ask for income limits for larger households. Buyer(s) must have under $100,000 in liquid assets (please ask for specifics). Only up to $50,000 can be a gift. The asset limit does not include many kinds of retirement money and education savings. The prospective buyer shall obtain a 30-year fixed rate mortgage loan conforming with the Fannie Mae guidelines with a Loan to Value (LTV) ratio of less than or equal to 97%.
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