Questions, answered plainly.

True North Townhomes are available to buyers who meet the program's income guidelines, currently set at up to 120% of the Area Median Income (AMI) for the Longmont area. Buyers must also qualify for a mortgage and intend to use the home as their primary residence.

Income limits are updated annually. Our sales team and preferred lenders can help you determine whether may qualify.

Yes! The City of Longmont offers up to $40K for first time homebuyers and there may be more DPA available through our lenders!

Income eligibility is based on total household size. Every person who will live in the home counts toward household size, including children.

Current maximum household incomes are:

• 1 person: $126,000

• 2 people: $144,000

• 3 people: $162,000

• 4 people: $180,000

• 5 people: $194,400

• 6 people: $208,800

The household’s total annual income must be at or below the applicable limit to qualify.

Once the owner has lived in the home for a full 10 years, the deed restrictions fall away and the home can be sold at a regular market price.

If the owner sells the home during the 10 years, then they are required to sell to an income-restricted buyer.

Absolutely!

The HOA is $150/ month and maintains the grounds, landscape, snow removal, and trash services. 

Contact our sales team to tour and determine whether you may qualify. Then you can speak to our lender to get prequalified.

We can get your under contract while you work through the qualification with the city.

No. You do not need to be a first-time homebuyer. Buyers must meet the program's eligibility requirements, including income limits and owner-occupancy requirements.

No. Once you purchase your home, you do not need to recertify your income annually. Income qualifications apply at the time you purchase the home. After closing, you simply need to continue complying with the program requirements, such as using the home as your primary residence and following the resale restrictions during the covenant period

No. There is no requirement to currently live or work in Longmont.

These homes are intended to be owner-occupied. Renting the home is generally not permitted, except in limited circumstances with prior written approval from the City

Yes. The home must be your primary residence. Owners are expected to occupy the home for at least 10 months each yea

Yes. You may sell your home at any time, subject to the City's attainable housing program requirements during the affordability period.

Yes. During the affordability period, resale prices are subject to the City's maximum resale price formula, which is designed to keep the homes attainable for future buyers.

The attainable housing covenant generally remains in place for up to 10 years from the last sale, 30 years from the initial sale, or three sales, whichever occurs first.

Yes. After seven years of ownership, homeowners may choose to remove the resale restriction by paying a fee to the City at the time of sale. The buyout option begins in the 8th year of ownership, and the fee decreases each year through the 10th year. After the restriction period expires, the home may be sold without resale restrictions

Yes. Homeowners may make improvements to their home. As with any community, some exterior changes may require HOA or City approval. Certain major capital improvements may also qualify to be included in the home's future maximum resale price if approved in advance by the City.