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Property Eligibility

Types of Property

  • New or existing single family detached dwelling
    • Manufactured housing must be on land you own and be taxed as real estate
  • Condominium
  • Duplex which is at least five (5) years old
  • Newly constructed duplex located in a target area

Purchase Price Limits

The purchase price must be at least $150,000 and cannot exceed the limit for the applicable property type in the county in which it is located.

Property Usage

No more than 15% of the property can be used for trade or business purposes.