Do I Qualify?

Tri-County HDC uses government and private subsidies to complete affordable for-sale rehabilitation and new construction homes. This means two things.  First, our homeowners realize an immediate equity boost when they purchase their homes because the cost of construction is far greater than their net sales price.  Second, to purchase our homes, homebuyers must be income eligible and must abide by residency/land use restrictions.

INCOME REQUIREMENTS. Tri-County utilizes the U.S. Department of Urban and Housing Development’s income limits for the Harrisburg-Carlisle Metropolitan Statistical Area for for-sale housing.  Certain properties in our Mt. Pleasant Homes development are available to “middle income” buyers (those who earn between 81-115% of the area median income).

RESIDENCY REQUIREMENTS. Tri-County homebuyers must occupy their home as their primary residence.  Homeowners are responsible to keep their homes well-maintained and to comply with local building ordinances.  There are also restrictions on the amount of “profit” a homeowner can make when they move and resell the property (these restrictions are waived after 15 years or if the owner sells to another income-eligible buyer; please contact Tri-County for additional details).

FIRST TIME HOMEBUYERS’ CLASS. Tri-County homebuyers are required to complete an approved homebuyer education course prior to purchasing a home.  These courses require an approximately 8 hour time commitment.  Participants will gain the knowledge to prepare them for homeownership and to decide if homeownership is right for them.

LOAN REQUIREMENTS. Homebuyers may work with one of Tri-County’s lending partners or a lender of their choice to obtain mortgage financing for their home purchase. Contact Tri-County for additional details.