The Howard county housing officials will have the group of enthusiastic limited-income buyers, however only two in a group accepted to buy the house.
According to Tom Carbo, deputy county housing director, some buyers are not ready to invest in an economy with uncertain situations. The three remaining houses will be offered again in February. Carbo said the county has awarded 10 units to limited-income buyers this year under the program for middle-income families and the remaining units are to be to for rent.
If the modern homes are offered to middle income families, house builders said that they might not afford the prices. Maximum incomes to qualify for the program range from $56,936 for one person to $107,366 for eight people or more. A family of four can earn up to $81,338 annually, under county guidelines.
Along with the sudden changes in price range even the family with qualified incomes might still can’t afford to buy the new houses, even if its have a discount.
Families who live in Route 100 and east of U.S. 1 in Elkridge are boasts in a large community center and swimming pool, and some homes have decorative stone fronts. The 1,690-square-foot homes have three bedrooms and 2.5 baths, along with 9-foot ceilings and popular designs. But instead of retail asking prices starting in the “upper $290s” according to Ryan’s Web site, the county will sell the houses for $223,390, or $228,390 for units with a stone front, which means a monthly payment of $1,726 to $1,752.
Source: Baltimore Sun News
