For Sale
Neighborhood Revitalization Program
Through the Neighborhood Revitalization Program (NRP), we purchase run-down or dilapidated properties in Sioux Falls.
Although some of these properties are then rehabbed, more often they are torn down and new houses are constructed which are then sold to households who make less than 80% of the median income. The homes sell for between $119,900 and $129,900.
Buyers may also qualify for the Home Buyers Assistance program through the City of Sioux Falls.
Through the Neighborhood Revitalization Program we plan to build and sell 8 homes in 2016.
Four steps to home ownership:
- INCOME GUIDELINES Each household must be at or below 80% of the median average income limits as set by HUD for the Sioux Falls area.
- All potential buyers must complete a certified Home Ownership education class with one of the following local agencies.
- LSS Home Ownership Education http://www.lsssd.org/financial_services/home_ownership/
- Sioux Empire Housing Partnership https://www.siouxempirehousing.org/en/counseling-and-education/first-time-homebuyer-education
- Home buyers will obtain a mortgage through their own bank or mortgage company. Pre-certification for a loan of at least $120,000 is required.
- Buyers that have completed the home ownership education class, fit the income guidelines and have been pre-approved for a loan should contact [email protected] to schedule a meeting.
Eight Properties for Sale - Available starting May 15, 2016
720 North Duluth Avenue $129,900
413 West 16th Street $124,900
812 South Spring Avenue $124,900
912 North Wayland Avenue $129,900
402 South Highland Avenue $129,900
313 North Jessica Avenue $129,900
1420 East 3rd Street $129,900 Detached garage plan
All homes have the same plan with buyers choice of house and interior wall colors with finalized purchase agreement in place prior to completion.
Spacious ranch style home in a mature neighborhood. Designed for family living with vaulted open areas, huge kitchen, and plenty of windows and light. Energy Star rated for efficiency and quiet. Detached garage.
• 1177 square feet, 3 bedrooms, 1 bathrooms
• vaulted ceilings in the living room, kitchen and dining areas
• Solid cabinets in kitchen
• Energy Star high efficiency furnace, central air and hot water heater
• Large, insulated un-finished basement, perfect for future equity. Roughed in for second full bathroom. Two basement egress windows included.
• Vinyl plank flooring in the kitchen/dining and hallway with carpeting in the bedrooms and living room.
• Large covered front porch
Selling price includes allowance for Refrigerator, Range and Dishwasher
These homes are ready to move in when completed this spring
Interested parties will:
1) Check the attached income limits to see if you could qualify for the program
2) Contact Wayne through this listing to discuss the project.
3) See your banker or other mortgage lender to become pre-qualified for mortgage
4) Become qualified for the program at Community Development - call 367-8180 for an appointment. Indicate you are interested in the Neighborhood Revitalization Program.
5) With an approved qualification for the program and your mortgage pre-approval you are ready for a purchase agreement.
The home will be sold to the first family or individual that is pre-qualified for a loan for the price of the home, program-qualified with Community Development, and has signed a purchase agreement with Affordable Housing Solutions.
Buyer financing is required. Down payment assistance may also be available through Sioux Falls Community Development - Affordable Housing Division.
No brokers or agent fees paid on the sale of this home.
Income Qualification Required
