$197,900 One Bedroom. Not IZ.
No Kidding. I was a little stunned when my boyfriend showed me an ad in the Isthmus for a $197,900 one bedroom condo downtown and the ad says "Income limits apply. Not IZ."
I'm not sure which program allows a $197,900 one bedroom and has income limits . . . but that program sure makes IZ look good. The most IZ would allow the person to pay for a one bedroom this quarter would be $130,038 and that is at 80% AMI and means that there couldn't be any condo fees. If there were condo fees they would need to lower the price so that the total monthly payment wouldn't be higher than what you would pay for a $130,038 home.
$193,900 one bedroom, definitely not IZ.
I'm not sure which program allows a $197,900 one bedroom and has income limits . . . but that program sure makes IZ look good. The most IZ would allow the person to pay for a one bedroom this quarter would be $130,038 and that is at 80% AMI and means that there couldn't be any condo fees. If there were condo fees they would need to lower the price so that the total monthly payment wouldn't be higher than what you would pay for a $130,038 home.
$193,900 one bedroom, definitely not IZ.
posted by Brenda Konkel at 8:26 PM
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