CHDO Homes

[huskysooner]

Does anyone on this board know much about the CHDO homes offered by the Jefferson Park HOA or Positively Paseo? What type of benefits and/or restrictions come with buying one of these homes. I am a recent college grad and love the area, and I'm considering taking advantage of the $8,000 tax credit for first time homebuyers. I know they also offer $10,000 in downpayment assistance through the City of OKC.

How do they go about determining your salary?

Thanks

[okyeah]

These guidelines are based on the buyers current income, previous year’s income, and number of dependants. The maximum yearly income for families is as follows:

1 person family- $29,200.00*
2 person family- $33,350.00*
3 person family- $37,500.00*
4 person family- $40,700.00*
5 person family- $45,000.00*
6 person family- $48,500.00*

*Income exclusions include child support; money that was inherited, willed, or given as a gift; and life insurance proceeds received as a result of someone’s death.

found that hereJefferson Park. It might be a little outdated...it's from 2007