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.
