106 S New St

Description

Currently Under Construction in the heart of Downtown Dover. In addition - it is a fabulous property featuring many upgraded interior and exterior finishes such as granite counters, wood floors, tile floors, energy efficient windows and mechanical systems, and much more. This property is part of the Strong Neighborhoods Program through DSHA. The Buyer must be at an income of 120% area median income or lower based on family size. This home would cost much more if not part of the program. Buyer must complete homebuyer counseling at NCALL prior to settlement. Buyer's household income must be eligible for Strong Neighborhoods Housing Funds provided by Delaware State Housing Authority. These funds buy down the costs of construction to make the home more affordable to first time homebuyers. The buyer will be required to sign a Grant Restriction Agreement at settlement to acknowledge they understand that a restriction will be placed on the property for ten (10) years after settlement; at that point, the restriction will be lifted. If the buyer sells before the 10 years have elapsed, the amount to be paid back to DSHA will be pro-rated. Contract is contingent upon satisfactory review of the buyer's eligibility for DSHA's and NCALL's programs. Other incentives include city transfer tax exemption and property tax abatement. Call listing agent for more details.