FOR IMMEDIATE RELEASE:
The Centre County Housing and Land Trust (CCHLT) has completed construction of two brand new homes at its Thompson Place development in Patton Township. Located at 119 and 133 Woodycrest Street, each of these available, 1,236-square-foot homes offers three (3) bedrooms, two (2) baths, a full basement, and natural gas appliances (heating, hot water, and kitchen range). These properties are part of a program geared towards bringing affordable housing to moderate- and lower-income buyers in an otherwise cost-prohibitive local market. CCHLT is hosting an Open House this Sunday.
DATE: Sunday, June 26
TIME: 1 pm – 4 pm
LOCATION: 119 and 133 Woodycrest Street
Light BBQ and summer refreshments will be served
In utilizing the community land trust model, which involves splitting the deed between land and improvements, CCHLT retains ownership of the land, and purchasers need only qualify and pay for the improvements upon the land as well as a small monthly land lease. To qualify, the purchaser must have an annual income of between 60% and 120% of the Centre County Area Median Income, as determined by HUD, and must also be mortgage eligible.
The CCHLT is offering each of these two homes for $167,000, and will be opening up these exciting properties to the public at an Open House on Sunday, June 26th, from 1 PM to 4 PM. Please consider this your personal invitation to view what can happen when creative modeling meets housing opportunities for our area’s moderate- and lower-income individuals and families.
This event is open to the public, and those consider homeownership in Centre County, or who are interested in affordable housing opportunities in the community, are all invited to both view the homes and find out more about the CCHLT.
Centre County Housing and Land Trust strengthens communities through the development and stewardship of permanently affordable homes for people of low- to moderate-income in Centre County, PA. Since 2007, CCHLT has operated as a 501(c)(3) non-profit featuring the collaborative effort of five local organizations to focus on: promoting and preserving of affordable housing; providing education; creating partnerships; and assisting municipalities on affordable housing policies. More information about CCHLT and its programs is available at www.cchlt.org. Follow CCHLT on Twitter @CentreCountyHLT, on Facebook at www.facebook.com/CCHLT, or sign up for updates on CCHLT’s Email List.Share This: