Housing costs are generally considered affordable when they constitute no more than 30-35% of household income. This affordability standard is set by the Federal Department of Housing and Urban Development (HUD). Under the land trust model income-qualifying buyers can purchase a home below market rate, often with down payment assistance and an affordable mortgage program. At the point of sale appreciation is limited allowing a new buyer who also income-qualifies to purchase the home.

Any person or household who meets the eligibility requirements may apply. You do not have to be a Denver resident nor a United States citizen to be eligible. However, you must be able to qualify for a mortgage on your own and be residing in the Country legally.

The affordable housing program has maximum income limits which are based on the Denver Area Median Incomes published annually by the U.S. Department of Housing and Urban Development. You can find the current limits posted under ‘Do I Qualify’ on this website.

HUD (Housing and Urban Development) determines the Area Median Income (AMI) based on the census and publishes those numbers each year. The program requires that buyers be at or below 80% of AMI per your household size. The list of all items considered income are as follows:

• Earnings
• Unemployment compensation
• Worker’s compensation
• Social security
• Supplemental security income
• Public assistance
• Veteran’s payments
• Survivor benefits
• Disability benefits
• Pension or retirement income
• Interest
• Dividends
• Rents, royalties, and estates and trusts
• Educational assistance
• Alimony
• Child support
• Financial assistance from outside of the household

The list of all items that are deducted from income are as follows:

• IRA Deduction
• Medical savings account deduction
• Moving expense deduction
• One-half of self-employment tax
• Self-employed health insurance deduction
• Keogh & self-employed SEP & SIMPLE Plans
• Penalty on early withdrawal of savings
• Alimony paid

Yes. We need verification of your finalized separation or divorce decree.

Please provide a letter – from the person giving you the gift – that indicates the amount of the gift. Share this with our team.

Our program requires owner occupancy, so if you are the owner of a townhome, you would need to live there with your son or daughter. At least one person in the household must receive enough income to meet the mortgage loan and home expense obligations.