9041 E 58th Ave, Denver, CO 80238

Property Description

This property is offered through a permanently affordable homeownership program and is restricted to owner-occupants only; prospective buyers should review the Metro Denver income limit chart to confirm eligibility. Elevation Community Land Trust (ECLT) requires interested buyers to first explore their Homeownership Program details on the ECLT website before making an offer, and cooperating brokers should be aware that clients must complete the ECLT application process and obtain a Letter of Full Qualification prior to submitting an offer, which confirms both Program Acceptance by ECLT and loan Approval from one of ECLTs four participating lenders (additional details are available in the supplemental documents). Only conventional financing is accepted under this program, and buyers should expect a $100 monthly land lease fee. This is a preservation property subject to a City of Denver deed restriction covenant, alongside Elevation Community Land Trusts Land Lease and related documents, and any purchase contract must include standard language under the Additional Provisions section acknowledging both the City covenant and the income qualification approval issued by the City of Denvers Department of Housing Stability (HOST). Interested buyers must be income-verified through the City of Denvers Department of Housing Stability (HOST) before purchasing this home. Eligibility is based on household size and area median income (AMI), as shown in the chart below; a buyers household income generally must fall at or above 50% AMI and at or below 100% AMI for their household size. Prospective buyers are encouraged to confirm where their household falls within this range before submitting an offer. AMI %1 Person 2 Persons 3 Persons 4 Persons 5 Persons 6 Persons 50% $50,400 $57,600 $64,800 $72,000 $77,800 $83,550 100% $100,800 $115,200 $129,600 $144,000 $155,600 $167,100