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Housing Availability for Purchase
Princeton Affordable Housing Purchase Program has income-eligible condominiums available for purchase. Gross annual household income determines the purchase price. Income eligibility and household size that is appropriate for unit availability are Program requirements. Purchase prices are calculated at 28% of gross annual household income for all working household members.
Monthly Housing Costs
Monthly Housing costs include:
- Homeowner's association fees
- Homeowner's insurance
- Interest
- Mortgage
- PMI (if applicable)
- Sewer
Household Income
If you are interested in purchasing and if your gross household income and household size fall within the following ranges, please submit a sales application to the Princeton Affordable Housing office.
Griggs Farm Income - 2 Bedroom
| Number of People in Unit | Minimum Income | Maximum Income | Minimum Sales Price | Maximum Sales Price |
|---|---|---|---|---|
| 2 | $37,047 | $59,273 | $96,500 | $176,150 |
| 3 | $41,677 | $66,682 | $113,100 | $202,700 |
| 4 | $46,308 | $74,091 | $129,700 | $229,300 |
Griggs Farm Income - 1 Bedroom
| Number of People in Unit | Minimum Income | Maximum Income | Minimum Sales Price | Maximum Sales Price |
|---|---|---|---|---|
| 1 | $32,416 | $51,864 | $84,500 | $154,200 |
| 2 | $37,047 | $59,273 | $101,100 | $180,700 |
Qualification Criteria
Princeton offers no guarantee or representation of unit availability for every applicant. Qualification and selection is made on the basis of criteria including, but not limited to:
- Credit history
- Debt
- Household size
- Income
- Legal residency status
- Unit availability