Eligibility screening requires proof of a pre-approval with a local lender, and completion of the intake packet process available at INHS website. All this information must be completed and submitted no later than the end of the business day on Friday, October 11th for the new lottery drawing on Oct 15. This 3 bedroom 1.5 bath affordable townhome is for income limited buyer but NOT limited to first time home buyers. This is a super-efficient, all-electric, LEED- and Zero Energy-Ready certified home and is heated and cooled by an air source heat-pump system, has a heat pump water heater with laundry hook ups in the upstairs full bath. Energy Star Appliances. Parking in rear of unit with private electric vehicle charging station. This is an interior unit with a smaller, fully fenced yard. This townhome is part of the newly developed Crescent Way neighborhood in the Village of Trumansburg. Nestled within walking distance of downtown Trumansburg, Crescent Way features the completed Village Grove Apartments, & the Trumansburg Community Nursery School. The townhomes will be sold to households earning less than 80% of the area median income and will become a part of the INHS Community Housing Trust. This is a Community Housing Trust Home - a shared equity program: homebuyer purchases only the house and CHT owns the land keeping things affordable. Appreciation is limited to 2% a year, limiting profit when owner goes to sell. Homeowner still builds equity while keeping it affordable for next owner. Buyer needs to be pre-qualified with lender and meet INHS income guidelines.
