Westchester County is offering a unique opportunity – several single family homes and a senior condominium for sale – at prices ranging from $164,000 for a condo to $265,000 for a four bedroom single family home. Potential home buyers must qualify, and homes will be sold on a first-come, first-served basis.
Located in the Village of Buchanan and served by the Hendrick Hudson School District, the single family homes offer three or four bedrooms, two baths, decks or patios, and finished or unfinished basements in a neighborhood setting. The home in Cortlandt Manor offers community membership in the Croton Park Colony, complete with a community swimming pool.
The two bedroom condominium in Jefferson Village in Yorktown Heights has two bedrooms and two baths, a kitchen with an island, storage, laundry and garage parking. Jefferson Village is a 55+ community which boasts a wide range of amenities including a clubhouse, fitness center, outdoor swimming pool and picnic area.
With a 5% down payment for the condo, a buyer’s monthly housing expenses (mortgage, real estate taxes and common charges) will be approximately $1600. For the single family properties, monthly housing expenses range from $1800 to $2,045. Maximum household income guidelines apply: two person household, $77,000 three persons, $86,600; four persons, $96,250 and $103,950 for a five person household.
County Executive George Latimer is encouraging all interested families to apply. “Our below market homeownership program enables families of modest means to purchase housing in our high priced market,” he said. “For some, purchase will lower their monthly housing expenses. Why rent when you can own?”
Executive Director of Housing Action Council Rose Noonan said: “The scarcity of affordable homes in Westchester is a daunting challenge faced by those trying to buy. The County has stepped up, purchased existing homes at market rate, and then offered them at below market prices. I urge people not to miss this limited opportunity.”
For information and applications, go to Westchester County Homeseeker or contact Housing Action Council, a non-profit organization responsible for qualifying applicants and assisting them through the home buying process, by phone at (914) 332-4144 or by e-mail at .