The preliminary program certification is valid for nine months. At the end of nine months, applicants may recertify for free.
Recertification materials are due two weeks before their current certification expires. It's recommended to plan ahead. Staff require up to approximately 10 business days to process recertification documents to check for completeness. The only item that can be updated during a period of certification is a change of address. Changes to income, assets and other household demographics will be adjusted at the end of the nine months if an applicant recertifies.
Once an applicant has a signed contract to buy a home, the City will review the contract, inspection, loan, and other buyer documents. If these items meet program requirements we will issue a Final Certification Letter.
Once an applicant has received final certification, they are eligible to purchase/close on the home. At closing, buyers will sign documents prepared by the City of Boulder, including the Covenant. To prepare for closing buyers will meet with City of Boulder Homeownership staff approximately one week before closing to review these documents.