CARLISLE HOUSING OPPORTUNITIES CORPORATION (CHOC)
PRIDE OF CARLISLE NEIGHBORHOOD DEVELOPMENT INITIATIVE
-- HOMEOWNERSHIP PROGRAM- -

IF YOU HAVEN’T LOOKED AT WEST NORTH STREET LATELY –
LOOK AGAIN!

OWN A HOME OF YOUR OWN AND ENJOY THESE TERRIFIC BENEFITS:

Privacy

Cost Efficient (in many cases, a mortgage is cheaper than paying rent and you may qualify for some tax benefits).

Paint, Paper and Decorate to create comfortable, personal space.

Pride of Ownership.

HOW CAN I OWN MY OWN HOME?

With this special program, many people qualify.

These homes are affordable to individuals and families making as little as $15,000.00 per year!

Use your Income Tax Refund and/ or Personal Savings for the minimal down payment (as low as $1,650.00). Consider that in the private market, most lending institutions require a 10% down payment (e.g. for a $60,000.00 home, you would need $6,000.00).

Perspective homebuyers must meet three (3) simple criteria to be eligible to purchase a quality, new or newly rehabilitated home through this special program

1. First Time Home Buyer: Applicants must be first-time homebuyers (talk to the Executive Director of CHOC for a definition of “first time”, even if you owned a home in the past, you may qualify for this special program).
 
2. Good Credit History: Applicants must have good credit (a credit check is required as part of the application process, those with poor credit may still qualify after credit counseling).

3. Low or Moderate Income: Applicants must meet low or moderate income limits (50 – 80% of the median as outlined on the chart below)

Family Size 50% of Median 80% of Median
1 $21,200 $33,900
2 $24,200 $38,700
3 $27,250 $43,550
4 $30,250 $48,400
5 $32,650 $52,250
6 $35,100 $56,150
7 $37,500 $60,000
8 $39,950 $63,900

SO IT’S NOT YOUR DREAM HOME…

For most people, buying their first home is hard because of the large amount of cash needed for the down- payment. With our low home costs and low down-payment expenses, you can quickly build equity in your home while saving for the home of your dreams!

FEEL SAFE AND SECURE IN YOUR NEW OR NEWLY REHABILITATED HOME

With a new or newly rehabilitated home there should be no costly home repairs.
 
Workmanship is guaranteed for one year.
 
Many homes have off-street parking.
 
All homes have a new heater and hot water heater, as well as updated plumbing and electrical systems.
 
Some homes are equipped with central air conditioning.
 
Some homes are equipped with a personal home computer and monitor.
 
ALL homeowners are encouraged to participate in an established Neighborhood Association, providing you with a unified voice regarding neighborhood development and offering ready access to borough council, police representatives, and Hope Station initiatives.

COMPLETE AN APPLICATION TODAY AND MOVE INTO YOUR NEW HOME IN A FEW SHORT MONTHS!

For an application to purchase a new or newly rehabilitated home and be a part of this special program, contact the Carlisle Housing Opportunities Corporation

Ben Sweger, Executive Director
CARLISLE HOUSING OPPORTUNITIES CORPORATION
60 West Penn Street
Carlisle, PA 17013
Telephone: 717-241-0472
Fax: 717-241-0474
E-mail: carlislehoc@yahoo.com
Website: www.carlislehoc.org

PARTNERSHIPS OF PRIDE
Initiatives led by Carlisle Housing Opportunities Corporation (CHOC) are truly a team effort and supported by state and local government, private and corporate contributions, and local businesses and financial institutions. Through programs such as the Home Investment Partnerships Program, the Community Development Block Grant Program, the Cumberland County Affordable Housing Trust Fund, the Federal Home Loan Bank of Pittsburgh, and the Community Reinvestment Act, CHOC is able to make homeownership a reality for low and moderate-income individuals and families.