Property Description

GREAT opportunity to purchase in Davidson. This cute 3br/2.5ba has everything and is ready for its new owners. Please contact your agent to find out more about the Davidson Affordable Housing program. This property is subject to affordable deed restrictions and is restricted to buyers making a (combined) gross income that is equal to or less than 80% of the current area median income for Mecklenburg County). There is a firm 60 day wait period on income restrictions.Before Expiration of Due Diligence Period:1) Buyer(s) must submit a copy of their Uniform Residential Loan Application (URLA) to the affordable housing department for approval as a Target Household (sometimes referred to as a Qualified Occupant). Town staff will ensure that the gross household income listed on the URLA does not exceed the amount indicated (based on household size) on the HUD AMI chart provided for the area. Closing will not occur if the buyer's income exceeds the Area Median Income Level; there are no exceptions to this rule.2) A copy of the executed Offer to Purchase and Contract must be submitted to the Town of Davidson for sales price approval.3) Buyer must sign read and review affordable deed restrictions associated with the property under contract and sign and return theAcknowledgement of Receipt and Review of Affordable Housing Deed Restrictions to the Town of Davidson.

Property Features

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