Gut rehab to be completed in January. This two-family fully renovated architect-designed town house has a 1400sf duplex-owner’s unit with 3BR, 1.5BA on the upper 2 floors and 715sf ground floor rental unit with 1BR, 1BA. All new roof, walls, floors, windows, insulation, appliances, fixtures, heating system and more. The property is located in the East End Historic District and qualifies for tax credits with approval from the Architectural Review Commission for the exterior renovation work. All applicants must fill out an application on the Newburgh Community Land Bank website: www.newburghcommunitylandbank.org Interested purchasers will be evaluated on the following scoring basis. The qualified applicant with the highest score based on the above criteria will be given preference in the selection process. - Applicant’s income falls at/under the 80% AMI* (5 points) - Applicant is a current resident in the City of Newburgh (10 points) or is current resident within 15 miles of the subject property** (5 points) - Applicant is a first time homebuyer (10 points) - Applicant is a member of a race or group who has historically faced mortgage discrimination (10 points) - Applicant does not currently own more than two rental properties (5 points) - Applicant has no prior negative real estate history, including delinquent property taxes, foreclosures, or code violations (mandatory) - Applicant will be an owner-occupant at the property (mandatory) — *For the Poughkeepsie-Newburgh-Middletown, NY metropolitan area (Income Limits 80%AMI: 1 person - $55,950; 2 persons - $63,950, 3 persons - $71,950, 4 persons - $79,900) https://www.huduser.gov/portal/ datasets/il/il2020/select_Geography.odn select “Poughkeepsie-Newburgh-Middletown, NY HUD Metro FMR Area” For consideration, please complete the Purchase Application, including offer price, and all required supplemental materials by 11:59 pm on FRIDAY, JANUARY 14, 2022.
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