Affordable Housing Projects for sale

 

823 w fourth after

823 West Fourth, Bloomington
Three bedroom house on a deep lot in the Prospect Hill Neighborhood.
Price $129,900
Read more.

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8121wElmsmall

8121 West Elm Street, Stinesville
Gabled-ell 1890s two-bedroom in historic Stinesville.
Estimated price $89,900
Read more.


wLOT65extra2

Main and Market Streets, Stinesville
New home to be built by BRI, Katrina cottage, three bedroom, two baths
$110,000
This three-bedroom, two-bath house is to be built across the street from the Stinesville Merchantile. It’s a Katrina cottage with 1,200 square feet of space. Read more.

Read more about BRI’s affordable housing program.

Notes:
All BRI properties are sold with protective covenants requiring BRI approval of any exterior alteration of existing structures or new construction. Buyers of houses in the Affordable Housing Program must make less than 80 percent of the county’s median income. Those annual income limits, by household size, are: one person, $36,750; two people, $42,000; three people, $47,250; four people, $52,500. The houses are sold with affordability deed restrictions that require that the house remain affordable for 10 years after the initial sale. The new owner must live in the house for 10 years or sell to another buyer who meets the income restrictions.
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