When you buy a DCHP house, you purchase the home for less than market value and sign a 99-year lease to the land. The lease provides you with the security you need, and it provides DCHP with some guarantees that you will help perpetuate the mission:
Have you thought you could never afford to own a home in Door County? Or that you’d never find one in your price range? Door County Housing Partnership offers a path to homeownership for residents who are priced out of the real estate market. When you partner with DCHP to buy your DCHP house, you get the Door County home you are looking for, plus…
This means an affordable monthly payment. DCHP combines public grants and private donations to reduce the price of a DCHP house below market prices. DCHP homeowners can expect to pay the same or less to own their homes than they paid for rent.
DCHP will work with you to help you find financing that is both affordable and safe.
DCHP will be available and accessible to you, even after you have moved in. DCHP provides access to housing counseling, budgeting and financial management counseling, and default counseling to all applicants and homeowners.
DCHP homes appreciate modestly according to a resale formula. The formula allows you to earn a reasonable amount of money on your house when you decide to sell, and it keeps the price affordable so another family can buy the same home at an affordable price in the future when you decide to sell. The resale formula enables you to extend to the next buyer the same opportunity you received.
Housing Partnership houses must be sold to buyers who are income eligible. Households earning up to 120% of area median income are potentially eligible to buy a Housing Partnership home.
You must be or plan to be a year round Door County resident.
You need to be able to qualify for an approved mortgage to purchase your home.
Please mail a completed form to:
DCHP
PO Box 342
Baileys Harbor, WI 54202.
The Door County Housing Partnership is creating a stable supply of permanently affordable housing for year-round residents to maintain the character, vibrancy, and diversity of the Door County community.
PO Box 342
Baileys Harbor, WI
54202
(920) 421-5090
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