What options can be added to the allowable sales price of a unit and included in a mortgage?
The options listed below may be added to the sales price of an MPDU. It is important to know that appliances are depreciating items. This means that over time they will not retain their full value. At the time of resale, appliances will not be valued at the original full purchase price. Modest additional options whose cost does not exceed $250 may also be offered; options other than those listed below may be offered, but must be paid for in cash by the purchaser. It is up to the purchaser and the seller to determine when payment is due for any options selected. • Washer and dryer • Dishwasher • Upgraded refrigerator and range • Upgraded kitchen cabinets and bathroom vanities • Upgraded carpet and padding • Upgraded resilient flooring • Gas HVAC and range • Finished optional bathrooms • Finished optional bedrooms • Finished basement/recreation room Any other items not included on this list must be pre-approved by the City. In order to buy a house under the program, it states that someon
