Office of Economic Development

Who may apply for this program?

Do I have to be a first-time home buyer?

Where can I find information on available housing units?

Do I have to attend a homeownership education class to qualify for this program?

What are the income limits for the program? 

My income exceeds income limits, can an exception be made?

My spouse will not be on the loan and/or doesn't work; can I submit an application with only my information? 

How long can I expect my application to take process? 

What must be included with the application? 

The Four Most Common Application Omissions include: 

How long is my income-verification valid? 

I was income-verified over nine months ago but did not purchase an affordable unit home. Do you still have my file? 

I do not have a job; can I still apply?

I am self-employed, what will you accept in the place of a pay stub? 

I lost last year's tax return - do you really need it? 

My last tax return shows more income than I now make. Will this affect my eligibility for the program?

I just arrived in the U.S. and have never filed taxes. What do I need instead of tax returns? 

I have a relative who will be co-signing my mortgage loan but will not live in the home I am purchasing. Will my co-signer have to be income-verified as well?

I am receiving a gift from a relative for downpayment assistance and closing costs. What do I do?

Do you provide financing on my home?

Is this a subsidized program? 

How about seller-assisted down-payment assistance? 

Is moderately priced housing the same as low income housing?

My income is below $25,000; where can I find a place to live in Denver? 

This is an emergency - can you find me a place to live right now?

My property tax bill shows an assessment that is higher than the maximum I am allowed to sell my unit for, what do I do? 

What is a Memorandum of Acceptance? I don't remember signing one. 

May I rent out my affordable unit?

If I pay off my mortgage, does my obligation to the Affordable Housing program will remain in effect? 

I am scheduled for a pre-substantial meeting with the Denver Community, Planing and Development office, what should I do to document compliance with the IHO?

How much extra time does this add to the permitting process? 

How are the sales prices of my affordable units established? 

My first affordable units are nearing completion and i want to start marketing to income-eligible households. What should I do?

Does the City maintain a list of income-verified households that I can contact? 

How do I apply for the cash incentive?

Why do I have to request an inspection? Is this the same as the building inspection?

I have a client who wants to buy an affordable unit home. What should I do? 

I have a client who wants to sell an affordable unit home. What should I do? 

How can I tell if a unit is an affordable unit home? 

What is the control period on an affordable unit home, and what does it mean? 

Are there any limits on the sale price of an affordable unit home after the control period is up? 

Once the control period has expired, can the owner sell to whomever they want to? 

What is the definition of "excess profit?" 

How are the affordable requirements enforced? 

Does the City take action against affordable unit home owners who do not follow the covenants and program requirements?