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Affordable Ownership Frequently Asked Questions#

In order to qualify, buyers of affordable units at Provincetowne, Avondale or Harmony Cottages must meet the minimum requirements of the program. These include income limits set for the U.S. Department of Housing and Urban Development (HUD) and the buyers' income to housing costs ratio may not exceed 38%.

By reviewing the 2023 Income Limits and completing the Affordable Unit Application, you can compare your income to the proposed monthly payment to help determine your eligibility.

Income limits are set by the U.S. Department of Housing and Urban Development (HUD), based on Area Median Income.

2023 Income Limits Chart

The maximum sale price as outlined by the covenant is typically in excess of the market demand for units at Provincetowne, Avondale and Harmony Cottages. The units may only be purchased by buyers who are income-eligible and units with asking prices above market demand will have fewer qualified buyers able to submit offers. Please work with your listing agenda to review comps in the area and contact the Social Sustainability department if further guidance is needed.

Yes, cash purchases are allowed. However, the buyer must still have verifiable monthly income within the allowed limits and demonstrate the ability to pay monthly mortgage and HOA expenses.

Funds can be gifted or loaned to the buyer, but only those who will be occupying the unit may be included on the title.

A cosigner may be used for loan purposes, but they cannot be included on the title (unless they will be occupying the unit) and all cosigners must still meet income requirements as outlined by the program.

To qualify as an eligible buyer, please complete the Affordable Unit Application and return to the Social Sustainability Department via mail or email. If you are deemed eligible, you and/or your lender will receive a confirmation letter stating the maximum purchase price you qualify for.

The Provincetowne HOA is managed by Westwind Management Group. They can be contacted at or 970-561-7041.

There are a total of 141 units at Provincetowne and, currently, 63 of those units are deed restricted.