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Does a homebuyer have to income-qualify for the Community Housing Program?

April 26, 2017homebuyer HOUSING income-qualify program

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Does a homebuyer have to income-qualify for the Community Housing Program?

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Yes. Household income may not exceed 80% of the Area Median Income (AMI) for Boulder County, based on family size. This number is determined annually by the Department of Housing and Urban Development (HUD). Households may also not exceed the program’s asset limits, which are typically the same amount as the income limits.