Homeownership Eligibility Status Calculator
To make sure a supply of homes in Boulder will always be affordable to those with low to middle incomes, the Division of Housing has created the Permanently Affordable Homes Program. Homes are sold at below market-rate prices to income eligible buyers who intend to owner occupy the home. Homes are permanently affordable and governed by an Affordability Covenant that limits the resale price and places other restrictions on the home. Homes for sale in this program are listed on our website.
Homes are available for two income groups
|1 person||2 people||3 people||4 people||5 people|
Based on gross income for standard employees and net income for self-employed people.
|1 person||2 people||3 people||4 people||each additional person|
Exempt Retirement Assets
Retirement assets can be deducted based on this chart. Assets must be in a designated retirement account to be exempted.
Fill in the boxes to see if you might be eligible for the Permanently Affordable Home Purchase Program. Read all definitions carefully before beginning.
This calculator is a general guide to advise initial eligibility. The results depend upon the accuracy of the user's inputs. Please read the definitions below to ensure you are entering the most accurate information. Preliminary and final eligibility can only be determined after full review of a complete application .
Definitions for Required Fields
Include all people who will be living in the home at least 50% of the time.
Include income for all members of the household who are 18 or over. Include gross income for waged (W2) work and retirement income. Include net income for self-employed/contract (1099) work.
Include all funds in designated retirement accounts (401K, IRA, Pension, etc.)
Assets (Excluding Retirement Assets)
Include all funds in checking, savings, money market, stock accounts, etc. Include estimated proceeds from the sale of a home currently owned. Do not include value of vehicles or personal property.
Divorced - Select divorced if you were divorced within the last 3 years.
Retired - Select retired if you meet all three of the following conditions: at least one household member is 65 years old or older, at least 50% of household income is from retirement sources (social security, pension, regular 401k/IRA withdrawals), and if still working earning less than Social Security permitted income cap.
Permanently Disabled - Select permanently disabled if at least one household member is permanently disabled.
NA - Select NA if none of the above applies.
Expected Down Payment
Can be up to 20% of the expected purchasing price for most applicants.
May be over 20% of the expected purchasing price if retired or permanently disabled.