Does this affect the property value. how many homes are generally allocated for affordable house buying option.
Nehab, Affordable housing is setup and designed to make housng affordable for low income families or individuals who qualify for it. If you like the housing, area, price etc... then it's right for you. The value should go up and down with the rest of the market but keep in mind less people will be able to write offers on properties in these areas. Buyers will need to meet certain criteria to buy there. There's no alocation formula it's usually what a certain city or community decides to do. Good luck.
http://www.dawnsellssandiego.com/blog/
If you qualify for affordable housing...then it is wise. Usually the value is affected and your resale will be too. The allocation...depends on the project and the developer.
Let me know if I can help you in any way!
Joan Wilson (Realtor, SRES, Ecobroker)
California Cool 4 Sale
Prudential California Realty
Direct Phone: 760-757-3468
Fax: 760-946-7894
JoanWilson@prusd.com
License # 01341483
It is my Goal to Increase the Success and Profitability of Those I Serve
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