OWNERSHIP HOMES
 THISTLE HOME OWNERSHIP - Thistle’s Home Ownership Program provides homebuyer education and counseling to 900 people per year. The cutting-edge Community Land Trust program is Thistle’s tool to underwrite affordability, steward the public investment in the land as a community asset for future generations, and provide working families a means to earn equity and build family and financial stability. With
230 homeowners and growing, Thistle continues to support long-term sustainability through home owner training and services.
BUYING A THISTLE HOME
Do I qualify to BUY a Thistle home in Boulder County?
The recommended monthly housing cost is one-third of your gross income.
First, determine your household’s yearly income, not your take-home pay, but how much you make before deductions. Second, compare to the maximum income for your household size (below).
MAXIMUM INCOMES FOR BOULDER COUNTY HOME BUYER HOUSEHOLDS
No. of people in household |
Annual Gross Income |
1 |
$45,100 |
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Note: Asset limits apply. Ask Thistle homeownership staff about program guidelines. Buyers must qualify for a mortgage. Some homes have lower income limits.
Plan ahead for homeownership! Are you interested in receiving $3,000 toward your down payment? Find out if you qualify for this matched-savings program called Personal Investment Enterprise (P.I.E.) Program. Call 303.441.3998 or visit http://www.bouldercountypie.org You must be a resident of Boulder or Broomfield Counties.
Community Land Trust (CLT)
Thistle Communities Homeownership Program
How it Works
 Thistle acquires and builds affordable homes and limits the sales price on these homes. Thistle, through the CLT, owns the land, and qualified people buy the homes. Thistle and the homebuyer sign a 99-year renewable land lease that allows the buyer to use the land. Traditional Financing is available for community land trust homes.
Community lenders work with Thistle to provide traditional financing. The Thistle Land Lease is approved by FHA and Fannie Mae.
Benefits of CLT Homeownership
CLT homeowners enjoy most of the same rights as market rate homeowners, and the average Thistle CLT home seller earns 18% of the value of appreciation of the home. The CLT resale home price is determined by a formula based on the housing market. Limited resale prices ensure that homes are affordable to future buyers. Thistle maintains an active list of qualified buyers.
Costs of CLT Homeownership
A monthly land lease fee (typically $35-50) paid to the CLT to cover land taxes and CLT program administration. All CLT homeowners agree to limit the price of their homes when they sell.
For an Application or To Learn More
Call 303.443.0007 x100.
Email info@thistlecommunities.org
Stop by Thistle’s Front Desk at 1845 Folsom Street, Boulder, CO
LIST OF HOMES CURRENTLY AVAILABLE
Blue Vista, Longmont
Please see: http://www.mybluevista.com
Mapleton Mobile Home Park
Call Thistle to apply for application for affordable rent tiers. Applicants apply for background check with Hast & Company: 303-444-7575.
  
AVAILABLE: 2635 Mapleton Avenue #174 (above)
1980-built 1+ bedroom, 1 bath home. Includes washer/dryer, swamp cooler all in good working order. Deck, small storage shed. Good roof. Lot includes apple trees, pine tree, raised garden beds. Buyer must qualify through Thistle for 60% rent tier.
Price: $8,000 Contact: 303.786.7437 or 303.786.8356.
Please note: To make a contract offer on a Thistle home, Thistle must first notify you in writing of your eligibility. All Mapleton buyers apply for background check. For more information, call 303-443-0007 ext. 109
For more information on Mapleton, click on www.mapletonboulder.com
SCHEDULE OF CLT ORIENTATIONS
Attend one of these upcoming Thistle Homeownership Orientations to learn more:
Date: Tuesday, August 10, 2010, 6:-8:00 pm
Location: Thistle Communities, 1845 Folsom Street, Boulder CO
Please call to register for Orientation at 303-443-0007 x 100, and leave your phone number.
Community Land Trust (CLT) Homes
Availability depends on resales by current owners
BLUE VISTA (100 homes with 14 different floor plans from lofts to single-family homes)
Just off of Quail Road in Longmont, Blue Vista is a pedestrian-friendly, energy-efficient community with easy access to shopping, entertainment, and major roads in Longmont. When complete, this will be a 198-home community of which 100 will be permanently affordable.
Call the Blue Vista Sales Office at 303.485.5500 or click on www.mybluevista.com
SUNNYPOINT CONDOMINIUMS (15 condominiums – two to three bedrooms)
4855 Edison Avenue, Boulder
This community is located in Northeast Boulder. It backs onto open space, has a shared deck area with barbeque facilities and personal storage areas.
SCATTERED SITE HOMES (10 houses, townhomes, and condos – two to four bedrooms)
Located throughout Longmont and Lafayette. Homes range in size and age, all have yards.
BUENA VISTA (49 townhomes and condos – one to four bedrooms)
North of Yarmouth Ave, between 17th and 18th Streets
A Community of 57 homes, 49 of which are permanently affordable. Many homes have private yards and basements. A community center, common green with play area, and community gardens are at the center of the neighborhood.
UPTOWN BROADWAY (six loft-style condos)
North Broadway off of Yarmouth
A new mixed-use, urban neighborhood in North Boulder with immediate access to shops and open space. Thistle’s six CLT homes are found throughout this 240 home community.
IRON FLATS (three townhomes)
23rd off Spruce
A downtown community with easy access to Pearl Street, the Twenty-Ninth Street Mall, and park. Thistle’s three CLT homes are part of a larger community.
MAPLETON MOBILE HOME PARK (120 mobile homes)
Between Mapleton and Valmont on Folsom
This 14-acre mobile home park along Goose Creek, graced by mature trees, is home to 135 homesites, 120 of which have permanently affordable lot rents of between $330 and $425 per month for income and asset-qualified mobile home buyers.
For more information on Mapleton, click on www.mapletonboulder.com
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