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Image of House in distance Kulshan Community Land Trust Policy number 031703-01

Acceptable homes must meet the following criteria:

Location:
  1. Homes must be located within Whatcom County.
  2. KulshanCLT encourages that homes be located in urban growth areas (UGAs) as delineated in the comprehensive plans of Whatcom County and its towns and cities.
  3. Homes may not be located in certain subdivisions where future cost assessments are unpredictable, such as in Sudden Valley, Paradise subdivision and Peaceful Valley subdivision.
  4. Homes may not be located in 100-year flood zones or environmental hazard areas, such as steep or unstable slope areas.
  5. Homes should be located in reasonable proximity to the homebuyer household's schools, jobs and services.
House:
  1. Homes must be single-family detached homes.Homes must have at least two bedrooms.Modular and manufactured homes are not eligible.Homes in the city of Bellingham must be either owner-occupied or vacant. Homes cannot be rental property with tenants.KulshanCLT will assist to interpret the results of a professional home inspection and will identify items that need to be repaired to meet Housing Quality Standards.Homes must be ready for occupancy with all systems in good condition and with no needs for substantial repair or rehabilitation likely during the first five years of ownership, based on a thorough inspection by a qualified, independent inspector from a list of KulshanCLT-approved home inspection services.
  2. the home is purchased in the City of Bellingham, the purchase price may not exceed $375,000.00.
KulshanCLT reserves the right to approve or not approve any home for which KulshanCLT financial assistance will be required and to grant exceptions to the above if approved by the board.

Recommendations for the buyer and real estate agent:
  1. Buyer's realtor is advised to receive a brief orientation and Agent Packet on KulshanCLT's home purchase guidelines and recommendations, prior to beginning the house search.
  2. Buyer is advised get information from City Hall on neighborhood plan, Associations, etc.
  3. Buyer is advised to review neighborhood CC&R (aka "Codes, Covenants and Restrictions"), if applicable, available with Form 17.



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