Thompson Park Townhomes
CARBONDALE COMMUNITY HOUSING PROGRAM
thompsonparktownhomes.com
PRE-SALE/LOTTERY

Five Units will consist of the Following Housing Options:

Building 1:					Building 4:
(2) Category 4 units				(2) Category 2 units 
(1) Category 3 unit 

Thompson Park Townhomes Phase I Construction expected to be completed ------- 2019. Lottery will be held --------- 2019. Application deadline is ----------. Please contact Erik Cavarra for more information regarding these units.

Thompson Park Townhomes 
CARBONDALE COMMUNITY HOUSING PROGRAM
Pre-Sale

PART I.
COMMUNITY HOUSING CATEGORIES

The Town's goal is to establish and implement a plan to have new development provide housing within the community at sales prices which are attainable to persons and families of various incomes.  In order to carry out this objective, community housing units are categorized to reflect which income levels they are to service as set forth in Sections 1 and 2 below.  The maximum gross household income and maximum net assets for each income category are set forth in Table I.

TABLE I
MAXIMUM GROSS INCOMES AND ASSETS BY CATEGORY 2018

		          Category 2    	Category 3	Category 4    

0 Dependents		$71,500	$85,800	$107,250

1 Dependent		$79,000	$93,300	$114,750

2 Dependents		$86,500	$86,500	$122,250

3 or more Dependents	$94,000	$94,000	$129,750

Maximum Net Assets	$175,000	$200,000	$225,000

Income Categories: A household may qualify to purchase a unit in a higher Income Category. Persons in the next higher Income Category may bid on lower Income Category units; however, bidders qualifying for the unit Income Category have priority.

Net Assets: Net Assets do not include retirement instruments. Persons age 65 and over are allowed a 50% increase in net assets.

R.O.: Resident Owner-Occupied units have no income or asset limits.

HUD AMI: The Income Categories correspond to the current HUD Area Median Income (AMI) for Garfield County. Categories 1 through 4 represent 80%, 100%, 120% and 150% AMI respectively. The Town of Carbondale begins its income categories with the Garfield County 4-person household and adds dependents from that benchmark.

QUALIFICATIONS TO OCCUPY COMMUNITY HOUSING

The deed restriction for a community housing unit requires owner occupancy. To initially qualify for and be eligible to occupy a community housing unit, a person must meet all of the following criteria.

A.	A qualified person must be a full-time employee working in the Roaring Fork Valley employed at a location for a business with its principal office located in the area from Aspen to Parachute, including Redstone and Marble (“Employment Area”) with priority to persons who live or work within the boundaries of the Town of Carbondale, a retired person who has been a full-time employee in the Employment Area a minimum of four years immediately prior to his or her retirement with priority to persons who live or work within the boundaries of the Town of Carbondale, or a disabled person who has been a full-time employee in the Employment Area a minimum of two years immediately prior to their disability ( as defined in the Definitions); or the spouse or dependent of any such qualified employee, retired person, or disabled person.

B.	A qualified person, upon purchase of the unit, shall occupy the unit as their primary residence. The owner shall be deemed to have ceased to use the unit as his or her sole and exclusive place of residence by accepting permanent employment outside of the Employment Area, or residing in the unit fewer than nine (9) months out of any twelve (12) months.

C.	A qualified person must not own developed residential real estate or a mobile home in those portions of Eagle, Garfield, Gunnison or Pitkin Counties which are part of the Roaring Fork River drainage, or must list for sale, at competitive market prices, the residential real estate or mobile home prior to or simultaneously with closing on the community housing unit. If the property is not sold by the time of closing on purchase of the community housing unit, it must remain listed until sold. If the owner of the other residential property desires to rent that property prior to sale, the owner shall be required to rent such property as community housing in accordance with the Guidelines at the income category determined by the Town to be appropriate under the circumstances. If an individual owns vacant land in those portions of Eagle, Garfield, Gunnison or Pitkin Counties, which are part of the Roaring Fork drainage, while owning a housing unit, as soon as the land is improved with a residence, the individual must relinquish the community housing unit by listing and selling the ownership interest in that unit. 

D.	A qualified person must have total current household income no greater than the maximum amount specified above for the particular category of housing. Persons in the next higher income category may bid on a unit but will be last in priority to income-qualified applicants and can only be considered if there is no other income-qualified applicant at the time of application; the income category of the unit remains consistent with the original sale category and future sales will always give priority to income-qualified households within that category.

Full-Time Employee = minimum employment of at least one household member working 30 hours per week, 9 months per year.   

Co-ownership and Co-signing – Co-signers may be approved for ownership of the affordable housing unit but shall not occupy the unit unless qualified under the Carbondale Affordable Housing Guidelines. Individuals using a co-signer must earn at least 75% of the income needed to qualify for the purchase of the unit.

PRIORITY: Applicants who live or work within the town boundaries of Carbondale will have first priority in the lottery and will be drawn first. 

Thompson Park – Pre-Sale
CARBONDALE COMMUNITY HOUSING PROGRAM
APPLICATION FORM

Thompson Park- Pre-sale:	2 units at Category 2 income-- $306,818
				1 unit at Category 3 income--- $375,012
				2 units at Category 4 income-- $460,242

Application
To receive a letter of eligibility to purchase, please complete an application packet by
 ______________- and submit to the address below (no faxed applications). All information is confidential. Please call if an alternate submission location is needed in Carbondale.

		Katherine Gazunis			 Kristel Langford
		Executive Director			 Affordable Housing Program Manager 
		1430 Railroad Avenue, Unit F	 1430 Railroad Ave, Unit F
		Rifle, CO  81650			 Rifle, CO 81650
		970-625-3589	or 970-945-3072          970-625-3589 ext. 104

Open House Visit
Please contact Erik Cavarra for more information.

Erik Cavarra
Managing Broker | Licensed Partner
Preferred Broker Snowmass Club
Engel & Völkers Snowmass
0239 Snowmass Club Circle | P.O. Box G-2 | Snowmass Village, CO 81615
Tel: +1 970.923.0817
Mobile: +1 970.618.9733
Internet: snowmassclub.com
Mail to: erik.cavarra@evusa.com

Lottery
A lottery will be held among eligible applicants on   -----------------_ at the Garfield County Housing Authority in Rifle, CO. The lottery will determine the priority order among eligible applicants to purchase the home. If no eligible buyers submit an application by -----------------------, applications will be taken on a first come, first served basis.

Thompson Park – Pre-Sale
CARBONDALE COMMUNITY HOUSING PROGRAM
APPLICATION FORM

Mountain Sage Townhomes:	Thompson Park - Pre-sale
  
If applying by yourself, only fill out Applicant column. If two adults are applying, fill out both columns individually. If you have questions please call Garfield County Housing Authority at 970-945-3072.

		APPLICANT			                              CO-APPLICANT

NAME(S) ___________________________________________	 ____________________________________________

MAILING ADDRESS _________________________________             ____________________________________________

STREET ADDRESS   __________________ _______________             ____________________________________________		
			
[  ] Own   [  ] Rent Years _________	[  ] Own   [  ] Rent Years ___________

PHONE  	       _______________ H_______________ W         _______________ H_______________ W

E-MAIL ADDRESS     _________________________________	_________________________________	

BIRTHDATE (Mo./Day/Yr.)    __________________________	____________________________

ACTUAL START DATE OF EMPLOYMENT 
(Month, Day, Year)         ________________________________	_________________________________

LIST NAMES OF OTHER OCCUPANTS AND RELATIONSHIP.  For a child or children to qualify as an additional person for purposes of household income categories, the child or children must be living with you at least half the year.  We will require documentation in joint custody situations.

	NAME						RELATIONSHIP		     AGE

1.	______________________________		__________________		______________

2.	______________________________		__________________		______________

3.	______________________________		__________________		_____________

EMPLOYEE HOUSING APPLICATION PACKET
All information is completely confidential.

Please fill out the attached forms according to the following instructions and return the completed packet to Garfield County Housing Authority (GCHA).  GCHA cannot accept incomplete applications.

Application Packet Checklist:

 	APPLICATION FORM – Completed

	VERIFICATION OF ACCURATE AND TRUE INFORMATION – Sign and 				complete this form verifying the information you are supplying to GCHA is complete and accurate.

	EMPLOYMENT/INCOME FORM(S) – signed by you and your employer

ASSET/LIABILITY INFORMATION SHEET – Fill out the dollar amounts to the best of your knowledge.  Each individual applying for a unit MUST fill out this form completely.  All asset information must be accompanied by most recent statements including: checking, savings, cd’s, IRA’s, retirement, and investment dividends.

	DISCLOSURE OF OWNERSHIP OF OTHER REAL ESTATE

	AUTHORIZATION TO OBTAIN COPY OF LOAN APPLICATION 

	GRIEVANCE POLICY

	ACCEPTANCE OF COMMUNITY HOUSING GUIDELINES PROCEDURES

	ALSO ATTACH:

		1. A complete copy of the last two (2) years’ federal income tax returns and 					             W-2’s pertaining to these income tax returns.  

		2. Self-employed individuals will need to provide profit and loss statements, 					             Colorado Income tax returns for the past year, and any other additional 						            	documentation proving that the business is in the Roaring Fork Valley.  							Additional documentation could include a business license, client 							references, etc.

		3. Copies of two of your most recent pay stubs for all employment

		4. Current statements for all assets (bank accounts, savings accounts, IRAs, etc.) indicating current    
                          Balance, interest rate, or annual dividend or documentation for other assets (real estate, etc.)

		5. Letter from a lender indicating (Pre-qualification letter)
•	Your debt to income ratio 
•	Your projected total housing payment to include principal, interest, taxes and insurance (PITI) as well as home owner’s association dues. 
•	If you own other property within the Roaring Fork Valley, it must currently be listed for sale with a realtor. Your lender letter MUST indicate that you qualify to carry two mortgages in order to apply.
This information helps demonstrate that you have the ability to obtain a mortgage loan for the community housing unit you wish to purchase.
		
6. Copy of your driver’s license or passport

7. Copy of your Social Security card

VERIFICATION OF TRUE AND ACCURATE INFORMATION

I (We) hereby verify that all information provided is accurate and true.  It is understood that I (We) will be disqualified from the application and approval process by Garfield County Housing Authority if it is determined that any or all information is inaccurate or non-verifiable.  I (We) shall be notified by Garfield County Housing Authority as to my/our subsequent disqualification and the reasons thereof.

_______________________________________________			________________
Signature(s)									Date

_______________________________________________			________________
Signature(s)									Date

_______________________________________________			________________
Signature(s)									Date

EMPLOYMENT INFORMATION

				   APPLICANT				

EMPLOYER NAME		_________________________________________________________		   
   Address			_________________________________________________________		
   Phone Number			_________________________________________________________		
  Contact Person			_________________________________________________________		
  Dates of Employment		_________________________________________________________		

EMPLOYER NAME		_________________________________________________________		   
   Address			_________________________________________________________		
   Phone Number			_________________________________________________________		
  Contact Person			_________________________________________________________		
  Dates of Employment		_________________________________________________________		
	
EMPLOYER NAME		_________________________________________________________		   
   Address			_________________________________________________________		
   Phone Number			_________________________________________________________		
  Contact Person			_________________________________________________________		
  Dates of Employment		_________________________________________________________		

				CO-APPLICANT

EMPLOYER NAME		_________________________________________________________		   
   Address			_________________________________________________________		
   Phone Number			_________________________________________________________		
  Contact Person			_________________________________________________________		
  Dates of Employment		_________________________________________________________		

EMPLOYER NAME		_________________________________________________________		   
   Address			_________________________________________________________		
   Phone Number			_________________________________________________________		
  Contact Person			_________________________________________________________		
  Dates of Employment		_________________________________________________________		
	
EMPLOYER NAME		_________________________________________________________		   
   Address			_________________________________________________________		
   Phone Number			_________________________________________________________		
  Contact Person			_________________________________________________________		
  Dates of Employment		_________________________________________________________		

EMPLOYMENT/INCOME VERIFICATION

Please complete a copy of this form for each applicant and for each employer, including seasonal employers. Make additional copies of this form if necessary.

I give my permission to the Garfield County Housing Authority (GCHA) to obtain income and employment information required for this application. GCHA will contact my employer(s) to verify information below.

___________________________________________
	(Applicant sign on the line above)

Please list current employer and income:

PLACE OF EMPLOYMENT	______________________________________________________

ADDRESS			______________________________________________________

GROSS MONTHLY INCOME	______________________________________________________

GROSS ANNUAL INCOME	______________________________________________________

COMMISSIONS, DIVIDENDS,
EXTRA INCOME		______________________________________________________

To be completed by employer.

I verify that the above information is accurate and true:

_____________________________________________________________________________________
Employer signature and title					Date

_____________________________________________________________________________________
Printed name of the above 						 Telephone number

ASSET/LIABILITY INFORMATION SHEET

If you are filling out a joint application, please list information only once. List name and approximate amount in account. 

	APPLICANT				CO-APPLICANT
ASSETS

Checking Account(s)
Name of Bank 		_____________________________	_____________________________
Amount in Account	$____________________________	$____________________________

Savings Account(s)
Name of Bank 		_____________________________	_____________________________
Amount in Account	$____________________________	$____________________________

Stocks & Bonds		___________________________		___________________________
(Company Name		________________ __________		___________________________
and Description)		$__________________________                 $____________________________

Vested Interest in a	___________________________		_____________________________
Retirement Fund		$_________________________		  $___________________________

Net Worth of 
Business (s) Owned	$__________________________		$  ___________________________
(Attach Financial
 Statements)

Automobiles Owned 
as Assets		___________________________		___________________________
(Make, Model & Year)	$__________________________		$___________________________

Other Assets:		 $__________________________                 $__________________________

TOTAL ASSETS	$____________________________	$______________________________

LIABILITIES:

Name of Company &
Unpaid Balance	_______________________    	___________________________
			$_______________________   	$ __________________________

Name of Company &
Unpaid Balance	_______________________    	___________________________
			$_______________________   	$ __________________________

Name of Company &
Unpaid Balance	_______________________    	___________________________
			$_______________________   	$ __________________________

Alimony/Child Support/
Separate Maintenance
Payments, etc.	             $________________________        $ ____________________________

TOTAL LIABILITIES	$___________________________	$__________________________

TOTAL NET ASSETS    $____________________________	$________________________
(Assets less liabilities)

DO YOU OWN ANY PROPERTY?

			APPLICANT			CO-APPLICANT
			[  ] Yes   [  ] No			[  ] Yes   [  ] No	

If you answered yes,
Please provide the
following:

ADDRESS		______________________	__________________________

			______________________	__________________________

TYPE OF PROPERTY	______________________	__________________________

(Land, House, Apt.)	______________________	__________________________

VALUE			______________________	__________________________

AMOUNT OWED	______________________	__________________________

RENTAL INCOME	______________________	__________________________

APPRAISED VALUE	______________________	__________________________

Other partners in the
Property ownership?	[  ] Yes   [  ] No	

If yes, how many?	_____________________		__________________________

AUTHORIZATION TO OBTAIN COPY OF
LOAN APPLICATION

This document provides authorization to the Garfield County Housing Authority to obtain your actual loan documentation from the lender you choose for your financing.  You do not need to fill out the name of a lender at this time.  Upon signing of the contract for purchase and choosing a lender for your financing, you will need to provide the name of your lender to the Garfield County Housing Authority so that they may obtain a copy of your original loan documents.

The undersigned hereby authorizes my/our lender, _______________________ to furnish a copy of my/our completed loan application to the Garfield County Housing Authority.

______________________________	______________________________
Applicant Signature		Date		Co-applicant	Signature	Date

______________________________	______________________________
Please print name				Please print name

CARBONDALE AFFORDABLE HOUSING PROGRAM

AFFIDAVIT IN COMPLIANCE WITH
C.R.S. 24-77.5-101, et. seq.

I, ________________________________, swear or affirm under penalty of perjury under the laws of the State of Colorado that (check one)

__________		I am a United States citizen, or

__________		I am a Permanent Resident of the United States, or

__________		I am lawfully present in the United States pursuant to Federal law.

I understand that this sworn statement is required by law because I have applied for a public benefit. I understand that state law requires me to provide proof that I am lawfully present in the United States prior to receipt of this public benefit. I further acknowledge that making a false, fictitious, or fraudulent statement or representation in this sworn affidavit is punishable under the criminal laws of Colorado as perjury in the second degree under Colorado Revised Statute 18-8-503 and it shall constitute a separate criminal offense each time a public benefit is fraudulently received.

Applicant						Date

Co-applicant						Date

Other Adult						Date

Note: All adults in household must complete this form

CARBONDALE AFFORDABLE HOUSING PROGRAM

ACCEPTANCE OF GRIEVANCE POLICY

I, ________________________________________, wish to apply with Garfield County Housing Authority (GCHA) to become eligible to purchase affordable housing under the Town of Carbondale Affordable Housing Program. I understand that the affordable unit made available by the Town is administered by GCHA according to rules set forth in the Town of Carbondale Community Housing Guidelines. I recognize that as part of the regulations and guidelines, the staff of GCHA is responsible for making a determination about whether I am eligible to purchase an affordable housing unit, and that the determination is made according to financial criteria set forth in the Town of Carbondale Community Housing Guidelines.

If I do not agree with the determination of the GCHA staff, I recognize that I have the right to file a grievance, which will be heard by the GCHA Board or the Director of Community Planning for Carbondale. I recognize that the Board, Director, or a court may overturn the eligibility decision of the staff of the GCHA.

If I appeal and receive a favorable ruling from the Board, Director, or a court, I hereby acknowledge that my sole remedy will be to have my name put in for the next available unit. I waive my right to seek other damages such as specific performance or monetary compensation for any loss or inconvenience I feel I may have sustained as a result of being determined ineligible. I also waive any claim of attorney’s fees if I appeal and prevail.

Applicant						Date

Co-Applicant						Date

Other Adult						Date

CARBONDALE COMMUNITY HOUSING PROGRAM

ACCEPTANCE OF COMMUNITY HOUSING GUIDELINES PROCEDURES

I understand that the following guidelines apply to me as a purchaser of an affordable housing unit through the Town of Carbondale:

1.	I acknowledge the unit must be owner occupied.
2.	As a buyer, I will be responsible for any and all of my closing costs.
3.	I will comply with the deed restriction and all aspects of the Town of Carbondale Community Housing Regulations and Guidelines.
4.	This is a Pre-Sale and the Units should be finished in ------- 2019. You should sign a commitment to purchase within 5 days of the Lottery.

________________________________________________________________________
Applicant							Date

________________________________________________________________________
Co-Applicant							Date

					

CARBONDALE COMMUNITY HOUSING PROGRAM

The Carbondale Community Housing Program is administered by Garfield County Housing Authority

o	All AMI (Area Median Income) Category units sold under this program are deed restricted with a simple annual appreciation cap of 3% to 5% based on the Consumer Price Index (CPI).
o	All Units must be owner-occupied
o	Purchase of Affordable Housing Units must comply with the Town’s regulations and guidelines for this program.

Garfield County Housing Authority
Katherine Gazunis - Executive Director
1430 Railroad Ave, Unit F – Suite 1
Rifle, CO  81650
phone: 970-625-3589   
Kate@garfieldhousing.com

Kristel Langford – Affordable Housing Program Manager
1430 Railroad Ave, Unit F – Suite 1
Rifle, CO 81650
Phone: (970) 625-3589, ext. 104
kristel@garfieldhousing.com

www.garfieldhousing.com