In these Limited Income Cooperative, the price is LOW to keep them affordable to the people who need housing most!
The maximum income limit is $60,839 for one person and $69,530 for two people.
If you are interested in affordable home ownership, apply soon, these prices are too good to last long!
VACANCIES AS OF JUNE 2, 2015
2711 Q Street SE Cooperative
Join a 10 unit cooperative in the Randle Highlands area of Southeast with easy street parking and convenient to Pennsylvania Avenue.
1 BR – 2BR $990 – $1190 a month carrying charge, $1490 share price, payment plan available. To view a unit contact Ms Weeks at (202) 421-6487
or e-mail her email@example.com
1314 K Street NE Cooperative
Excellent location off the Potomac Avenue Metro stop with ample street parking available, and just minutes from DC-295. 1 BR $1100 a month carrying charge, $3500 share price, payment plan available. To view a unit contact Nicole Pope at 202-543-6321
or e-mail her at firstname.lastname@example.org
HOPE Cooperative at 1445 Spring Road NW
Basement studio and large one bedroom with walk in closet available in Columbia Heights, near 14th
street, rock creek park, and walk to bus or metro. Very large one bedroom with study available, $1200 and share price $2,300. Basement efficiency $1,000 a month carrying charge and share price $2,300. To view call Ana Margarita Pineda at 202-640-9093
or contact email@example.com
All the apartments listed here give you the opportunity to BUY YOUR OWN HOME at UNBELIEVABLY LOW COSTS.
The “share price” listed is the cost to become an owner and a member of the Cooperative. (There is no security deposit.)
The “carrying charge” is what you pay each month to cover the cost of the building mortgage and other common building expenses.
The Cooperatives listed here provide an opportunity to stop being a renter and become a homeowner.
When you buy into a Cooperative, you become a Member of the building. Cooperative Members own and manage the building themselves.
This means that costs can be kept lower. No landlord is pocketing the profit.
It also means that Cooperative Members work as a community to manage the building; you will be asked to take some responsibilities.
The Cooperative buildings listed here have a goal of preserving affordable housing for low income residents.
You must be low income to qualify for membership, the amount of income depends on household size.
For example, a one person household must have income of less than $60,839 a year.
You can find the household income limits here:http://dhcd.dc.gov/sites/default/files/dc/sites/dhcd/publication/attachments/Inclusionary%20Zoning%202013%20Income%20Schedule.pdf