Full gut rehab to be completed in January. This is a 3-family fully renovated architect-designed town house with an 873sf owner’s unit with 2BR, 1BA on the first floor (plus basement for storage, rec area), and two rental units: 480sf second floor rental unit with 1BR, 1BA and 540sf third floor rental unit with 1BR, 1BA. All new appliances, fixtures, windows, floors, walls, insulation, roof, heating system, etc. The property is located in the East End Historic District and qualifies for tax credits with existing approval from the Architectural Review Commission for the exterior renovation work. All applicants must fill out an application available on the Newburgh Community Land Bank website: https://www.newburghcommunitylandbank.org/43-johnston-rfa Interested purchasers will be evaluated on the following scoring basis. The qualified applicant with the highest score based on the below 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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