Home Ownership Program

HomeStretch builds attractive, high quality, energy efficient homes with loans from project partners and grants from the Michigan State Housing Development Authority.  Upon completion, the homes are then sold to income eligible families and individuals.  In general, the prospective home buyer must live or work in one out of five service area counties, have an income that is equal to or less than 80% of the area median income, not currently be a homeowner, and qualify for a conventional mortgage.  HomeStretch does not provide financing for home purchase.  Applicant must qualify for a conventional mortgage.

We are currently accepting applications for the Depot Neighborhood Phase II. Purchase of one of our market rate units does not require an application and there are no Affordable Deed Restrictions.  Please see Home Page for realtor info. Thank you!
If you would like to be considered as an applicant, please print out and complete the application package by downloading this file or call us at 231-947-6001 to have an application package mailed to you.

Grand Traverse County 80% Median Income – Max Income Qualification

80% Median Income Based on Household Size

1 Person 2 Person 3 Person 4 Person 5 Person
$41,100 $47,000 $52,850 $58,700 $63,400
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