B10 News-Times • Newport, OR Friday, March 19, 2021 AUTHORITY OF LINCOLN COUNTY 1039 NW Nye Street, Newport OR 97365

The of Lincoln County or occupancy. Buyers may use a realtor with Community members are encouraged announces the sale of scattered site the understanding that commission is paid at to submit an offer. Buyers not eligible located throughout Lincoln County – 3% and split between buyer and seller 50/50. as preference buyers are designated as Waldport to Neotsu. It is the intention of the Families who were living in these houses traditional buyers with the following Authority to take revenues generated from were provided a moving allowance to relocate conditions. these scattered site sales to purchase or to other units owned by the Authority or Traditional buyers: Only if there is no build one-bedroom affordable units to satisfy to community owned units or move from preference buyer house offer submitted the high demand reflected on the agency’s Lincoln County. The relocation process has will private traditional buyers be one-bedroom waiting list. taken about one-year to finalize. considered. A traditional buyer offer is The Authority’s mission is to provide and contingent on: preserve units in Lincoln Opportunity for buyers highest offer submitted County. and buyer qualifications: on Authority forms, Given the diversity of the Authority’s Interested buyers should understand the earnest money included, current units and waiting list volume, as well agency’s intention in selling these houses is to pre-approved lending as other rental unit inventory available in the create affordable house sales for those first- institution letter verifying cash county; one-bedroom affordable units are in time buyers or moderate-income households available or mortgage approval high demand because there are so few. that are priced out of the existing market. To for purchase offer. satisfy this goal, the Authority has set two About the houses being classes of potential buyers: All buyers must: offered for sale: Preference buyers who must qualify by Use standardized forms provided Each house has a minimum price offer, earning preference points. by the Housing Authority based on a 2020 real estate appraisal. Houses One point is awarded based on regardless of whether they choose offered have an offer deadilne of April 15th documentation submitted of eligible to work with a realtor or not. 5:00pm at the Housing Authority Office. earnings (80%-120% of Area Median Failure to use these forms will Houses in the group will be shown by open Income, figure set by HUD), disqualify the offer submitted. house or appointment. Verification would include 2020 Provide proof of lending approval tax return or income verification or cash deposit for the amount Each house is unique with many variables. from lending institution. of offer presented on a specific Open houses and private showings one-point for documented first-time house. opportunities will be advertised so potential home buyer, Enclosed earnest money of $1,500 buyers can explore each available house for certificate of eligibility for state in cashier’s check or money order sale in a group. Most houses are 3 bedrooms housing program, verification of made out to Housing Authority - 1 bath, with some exceptions. Houses may training Submit offer prior to offer or may not have the following: fenced yard, A maximum of 2 preference points can deadline for house group, April appliances, fireplace, utility room, second be associated with an individual offer. 15th 5:00 pm. bath or ½ bath, garage (single-car or double- The preference buyer with the most points car), new floor coverings, and other options. and highest offer will be awarded the Further details regarding the offer In addition, a few houses have septic tanks purchase. (Should there be more than process, Open House schedule, and versus public sewer. These houses were one preference buyer offer that results private showings can be answered rentals and, as such, are sold in “AS IS” in a tie based on preference points and by Debra Jones with the Housing condition. Buyers are responsible for all offer price; those names will be put into a Authority at 541-265-5326 x-305, inspections and due diligence to determine drawing, at random, with the drawn name Monday through Friday, 8AM – 5PM. if the house is acceptable for financing and/ awarded the purchase.) Visit HALC.INFO

Open House Schedule available on-line at Housing Authority website halc.info For Appointments Contact Debra at 541-265-5326 x-305 8 Houses ranging $210,000- $266,000 House Addresses Group B 60 Spruce Ct, Lincoln Beach, OR...... Minimum Offer $237,000 515 1st Street, Otter Rock, OR...... Minimum Offer $266,000 115 NW Cottage, Newport, OR...... Minimum Offer $241,000 919 NW Nye, Newport, OR...... Minimum Offer $265,500 457 NE 8th Street, Newport, OR...... Minimum Offer $264,000 12242 NE Benton, Newport, OR...... Minimum Offer $249,000 12143 NE Coos, Newport, OR...... Minimum Offer $256,000 12214 NE Coos, Newport, OR...... Minimum Offer $209,000

FY 2020 Income Limits Summary HUD Area Median Income Limits for Lincoln County Buyer Preference is given to Buyers whose income is within 80% and 120% Area Median Income.

Persons in Family Median FY 2020 Family Income Income Limit 1 2 3 4 5 6 7 8 Category $55,800 Low (80%) Income $34,400 $39,300 $44,200 $49,100 $53,050 $57,000 $60,900 $64,850 Limits ($) Income (120%) $51,600 $59,050 $66,350 $73,700 $79,700 $85,550 $91,450 $97,300 Limits ($)

Open House Schedule available on-line at Housing Authority website halc.info