For Sale (Limited Equity Program)
LIMITED EQUITY PROGRAM GENERAL INFORMATION
All housing formerly sponsored by SFRA is under the LIMITED EQUITY PROGRAM. Under this program, the Agency did not (and MOHCD does not) provide financing to the buyer, but instead set homes at affordable prices - often around one-fourth or one-third of the market value.
Once you have read about the Limited Equity Program, GETTING STARTED WITH LEP will provide a list of next steps.
Please visit LEP HOMES AVAILABLE to learn about current opportunities.
Lenders (and their team members, including underwriters and appraisers) working with clients applying for or purchasing homes in the Program should refer to the LEP INFORMATION FOR LENDERS page.