City of Scotts Valley Moderate Housing updated unit for sale at $563,462. 2 BR/1.5 BA unit, approximately 980 SF. Rules for purchasing are as follows: 1. The unit is a moderate income dwelling (120% of area median income for Santa Cruz County) that is part of the City of Scotts Valley’s Affordable Housing Program. 2. Buyer must be first-time buyer, have not owned a residence, and not had a mortgage interest deduction within the past three (3) years. 3. Total household income cannot exceed income limit by household size provided in the City’s Affordable Housing Brochure at this link: http://www.scottsvalley.org/220/Housing 4. City-adopted preference criteria apply; see City’s Affordable Housing Brochure for criteria. 5. Unit is deed-restricted and is subject to terms and restrictions for a specified period per the development’s Covenants, Restrictions, and Option to Purchase. 6. Unit is price-restricted for purchase and resales. 7. Buyer must occupy the unit.
Please contact Lauren Spencer|Coldwell Banker Realty|for details at 831.818.3723 or firstname.lastname@example.org