Property Description

This home is why the affordable housing program in Boulder was created. Nestled in the heart of North Boulder, this adorable three Bedroom, two bath will give its new homeowners access to the playground that is truly the best of Boulder. Walk to Wonderland Lake Trail Head, or head on over to the North Boulder Market for easy access to grocery shopping. The home even comes with a white picket fence that surrounds a peaceful yard for plenty of play. Hop on your bike or get on the bus to enjoy your favorite restaurants, as this location is just minutes from downtown Boulder ! The home also has a finished basement with space to spread out in and solar panels which help reduce energy bills.

  • Max Price: $181,485
  • 3 Bedroom, 2 Bathroom
  • Square Feet: 1,798
  • HOA: $105/month (includes Land Lease fee). (HOA evaluation checklist PDF)
  • HOA Pet Policy: Pets allowed, breed restrictions on dogs
  • Tax: $810/year
  • Parking: Two car parking pad
  • Exclusions: Seller's personal property
  • Solutions grant eligible (applicants need to qualify)

Showings

Due to COVID-19, viewing the property is currently not a requirement to enter the selection. Buyers shall rely on photos tour, no showings until the selection date. The highest ranked in the selection will be granted a showing prior to making an offer.

About the Poplar Community

The Poplar Community was started by a private group, The Affordable Housing Alliance, with the intention of creating a diverse and active community of homeowners. The homeowners do all their own maintenance on the common property as a community as well as the governance and financial management. Any new homeowner is expected to take part and contribute to the community. Please review the community bylaws for details.

Land Trust

Unlike most homes in the Permanently Affordable program, this home uses a ground lease as a means for helping to keep the home affordable. In a ground lease program, a non-profit owns the land, Boulder Housing Partners in this case, and rents the land to the homeowner at a low rate. The homeowners own the home that sits on the land. The ground lease contains a formula for determining the amount the home can increase in value each year and contains other restriction similar to the Permanently Affordable Covenant. Please review the ground lease for this home for details. Please also confirm with your lender that you can get a loan on this property. Not all lenders are able to lend on ground lease properties.

Income Limits

2 PERSON 3 PERSON 4 PERSON 5 PERSON
$61,755 $69,500 $77,155 $83,360

Asset Limits

ASSET CLASSIFICATION* 2 PERSON 3 PERSON 4 PERSON 5 PERSON
Standard $70,000 $85,000 $100,000 $115,000
Recently Divorced $100,000 $115,000 $130,000 $145,000
Retired $100,000 $115,000 $130,000 $145,000
Permanently Disabled $155,000 $170,000 $185,000 $200,000

Your down payment will be deducted from your total assets up to 20 percent of the home’s value ($36,297 – for this home). For example, if a two-person household with assets calculated by the program to be $90,000 puts $20,000 down they would be eligible ($90,000-$20,000=$70,000 in assets). If you are classified as retired or permanently disabled all the money you put down will be deducted. Please contact us if unsure you are below the asset limit for this home.

Fair Selection Process

How Long Will it Take? - an explanation of the Fair Selection Process.

Due to this homes size, preference in the selection will be given to households with (dependents)

Entrants for this home’s selection:

Number Entered Tier
1 Disabled with need for features in home
2 Three Dependents - Work in Boulder Year+
4 Two Dependents - Work in Boulder Year+
4 One Dependent - Work in Boulder
0 Work in Boulder Year+ and Certified Year+
1 Work in Boulder year+
1 Work in Boulder less than year and Certified Year+
0 Work in Boulder less than year
0 Certified Year+
3 All other

Tier of applicant that went under contract:

Three dependents - Work in Boulder Year + (number 2 in selection)

The City of Boulder does not warrant the entire contents of this listing. Some listing information is received from the seller and/or the seller's real estate agent. Prospective buyers and their agents are responsible for verifying listing information in person, through communication with the listing agent or seller, through public records, and other due diligence processes.

Notice of Nondiscrimination