Learn about affordable homeownership program on July 14by Pima County News on Jul. 08, 2011, under Community Development & Neighborhood Conservation, Pima County, Tucson
Pima County, Arizona – Are you interested in buying a remodeled, energy-efficient home in Pima County but don’t think you can afford it?
The Pima County Community Land Trust can help you:
- Buy a home even if you earn as little as half the area median income.
- Contain your monthly housing costs, including utilities, to 35 percent or less of your monthly gross income.
Find out more about the Pima County Community Land Trust at the new Pima County Housing Center’s first community presentation from 6 to 8 p.m. Thursday, July 14, at 801 W. Congress St.
Using federal grant funds, the City of Tucson has purchased and improved foreclosed homes to sell them to limited-income households. Through the nonprofit Community Land Trust, individuals and families can purchase the homes with as little as $1,000 to put towards the down payment and lease the land the home is on for 99 years. The land trust pays for the appraisal and all closing costs.
Although the Community Land Trust is a relatively new concept in Southern Arizona, communities across the country have started Community Land Trusts to make homeownership more affordable and help low-income families build equity while protecting the public investment in affordable housing. About 10 homes have been sold or have sales pending through the Pima County Community Land Trust so far.
The Housing Center was created this year to give Pima County residents one convenient location where they can get help to rent, buy, improve and hold onto their homes in these difficult economic times.
The Housing Center and its partners can:
- Help homeowners with mortgage modification and foreclosure prevention or recovery.
- Assist individuals and families who have been victims of fraud and rescue scams.
- Help individuals obtain emergency rent, mortgage and utility assistance.
- Provide access to resources, information, counseling, classes, computers, and workshops to help Pima County residents purchase, repair and make their homes more energy efficient; find affordable rentals; improve their credit; and save and manage their money.
For more information, call the Pima County Housing Center at 624-2947 or stop by between 8 a.m. and 5 p.m. Monday through Friday.