Glenwood Springs affordable housing lottery set for Sept.
Glenwood Springs, CO Colorado
GLENWOOD SPRINGS, Colorado ” Twenty single-family homes will be available through Garfield County’s Affordable Housing Program this fall.
This two phase-project will have two lotteries during the fall of 2008. Each lottery will randomly choose applicants in a lottery-style process for 10 homes each time.
“We are doing 10, now, and if these come together on schedule then we will do the other 10 at that time,” said Garfield County Housing Authority executive director Geneva Powell. “They are currently working on some of the houses right now.”
The first of the two lotteries will be held at 4 p.m. Sept. 10 at the Garfield County Administrative Building in Glenwood Springs. All qualified purchasers will be assigned a number and all numbers will be randomly drawn with the top 10 qualified purchasers having seven days to enter a contract to purchase one of the units. If the purchaser is unable to enter into the contract at that time, the GCHA will move down the list to the next qualified purchasers.
All of the houses sold under this program are deed-restricted with an annual appreciation cap of 3 percent or the consumer price index (CPI), whichever is greater. Applicants must qualify for GCHA regulations and guidelines for this program.
Applications this year will only be accepted at the GCHA office in Rifle, located at 2128 Railroad Ave.
“In the past we’ve accepted applications at the Glenwood office, but this time we will only be accepting them at the Rifle office,” Powell said. “That is just the way it has to be this time.”
Applicants can either mail or drop off applications by 4 p.m. on Aug. 29. Powell said GCHA will not accept faxed applications either, due to the sensitive information on the application.
There will also be a site visit and program orientation on Saturday, Aug. 16, between 10 a.m. and 2 p.m. at Ironbridge.
Contact John Gardner: 384-9114
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