Low-income housing is up for sale $70,000 price tag placed on 2 units

August 25, 1993|By Donna E. Boller | Donna E. Boller,Staff Writer

People who dream of owning a home but can't save enough for a down payment can tour two modestly priced townhouses in Westminster on Saturday and apply for a chance to buy one.

The townhouses are at 53 and 55 Union St. Each has three bedrooms and 1 1/2 bathrooms. They will be open for tours from noon to 2 p.m.

The units are a joint project of Home Ownership Purchase Effort Inc., a nonprofit housing corporation, and the city Office of Housing, Community Development and Personnel.

Prospective buyers can pick up applications to purchase the units during the open house tours, or later at the HOPE office, at 19 Union St. in Union Village, or the city housing office in the Winchester Exchange building.

The two successful buyers will be chosen by a committee that will check references and credit, rank the applications and interview top candidates.

Income limits apply. Maximum annual income for a two-member family to qualify is $30,200; a four-member family, $37,750. Project sponsors say families will need a gross annual income of at least $27,200 to afford the townhouses.

The townhouses are priced at $70,000 apiece. Buyers will be required to rent for at least two years while they pay into an escrow account that will be used to buy the properties.

Karen K. Blandford, city housing supervisor, said guides from HOPE and the city housing office will be on hand to conduct tours and answer questions during the open house.

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