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 lauren@laurenspencer.com