A house at 1502 Hays Park and another at 1021 N. Rose are the latest to be offered by the Kalamazoo County Land bank as it works to revitalize neighborhoods.
The two houses are offered through the Kalamazoo Homeownership Opportunity Program (KHOP), a partnership between the Kalamazoo County Land Bank and the City of Kalamazoo.
The house at 1502 Hays, in Kalamazoo's Edison neighborhood, has two bedrooms and 1.5 baths. It also features new windows and a full unfinished basement. It is selling for $52,000. More information is available here
The home at 1021 N. Rose is new. It's located in Kalamazoo's Northside neighborhood, in close proximity to downtown. It has four bedrooms and three full bathrooms, as well as a garage, fenced-in backyard, and rear porch for private entertaining. It is selling for $102,000. More information is available here
KHOP provides income-qualified buyers with down payment assistance to purchase these beautiful new and rehabbed homes.
Buyers must be at or below 120 percent of area median income to be eligible for one of these homes. Homebuyers with moderate-level incomes can qualify to purchase the homes. For example, in Kalamazoo a family of four can earn as much as $75,840 per year and qualify for a KHOP home. Local realtors handle the sale of the homes. To learn more about qualifying for these and other KHOP homes, you can visit the Land Bank website
The program was initiated to help eliminate blighted properties, create affordable housing opportunities, and stabilize of property values.
Writer: Kathy Jennings, Second Wave Media
Source: Kelly Clarke, Kalamazoo County Land Bank