Affordable Homes For Sale
At FSL, our goal is to provide safe, affordable and energy-efficient housing for families and individuals of all ages. FSL offers single-family homes for sale. If you or someone you know is looking to purchase an affordable, single-family home, it is easy to get in touch with us through phone or email.
Single Family Homes for Sale in South Phoenix Village
For people who want a small town feel in the middle of it all, the South Phoenix Village neighborhood offers proximity to the airport, several freeways, and outdoor recreational amenities such as South Mountain and the Rio Salado Trail. South Phoenix Village is a diverse, yet close-knit community where you’re never far from your next adventure.
FSL, in partnership with the City of Phoenix Neighborhood Services Department, is leading an infill redevelopment project in South Phoenix Village (24th Street east to 32nd Street / Broadway Road south to Roeser Road). Although this area was originally subdivided in the 1940’s, there are a number of vacant lots in the community. Over a span of many years, the City of Phoenix acquired approximately 120 of these lots. FSL, with our contractor partner MHI Residential, Inc. (ROC #149764), will build 120+ energy-efficient homes ranging in size from 1,314 to 1,690 square feet and starting in the $190’s. The homes come with $15,000 in home buyer assistance in the form of a zero percent interest deferred loan that is fully forgivable after 15 years.
Interactive Floor Plans – click each for available options
*Elevations shown are artist renderings only and final home design may vary.
1,594 sq. ft.
4 Bedrooms
2 Car Garage
Now Accepting Lot Reservations on Select Lots for Qualified Buyers. Contact Karen Davis at 602-285-0505 ext. 170 or KDavis@fsl.org for Details.
Interior - Shown for SUNSET, SUMMIT and SKYLINE
In Order To Purchase A New Home In South Phoenix Village, Homebuyers Must Meet The Following Requirements:
- Buyer must purchase the home as their primary residence. No investors or 2nd home buyers.
- Buyer cannot be on title to any other residential property.
- Buyer must be a permanent legal resident of the U.S.
- Household income must be at or below 120% AMI (Area Median Income) with adjustments for family size as determined by HUD (the Department of Housing and Urban Development). Households with incomes below 80% of Area Median Income (AMI) may qualify for additional home buyer assistance.
- Buyer must be eligible for a first mortgage with qualifying debt-to-income ratios of no more than 31% for mortgage debt and 43% for total debt. If lender has an Energy-Efficient Mortgage (EEM) product, the ratios may be increased to 33% / 45%.
- Buyer shall contribute fifty percent of the required down payment or a minimum of $1,000 of his/her own funds.
- Buyer must complete an 8-hour Home Buyer Education (HBE) class and attend a one-on-one session at a HUD-approved housing counseling agency.
Household
Size-
80% AMI
-
120% AMI
1
Person-
38,750
-
58,050
2
Persons-
44,250
-
66,350
3
Persons-
49,800
-
74,650
4
Persons-
55,300
-
82,900
5
Persons-
59,750
-
89,550
6
Persons-
64,150
-
96,200
7
Persons-
68,600
-
102,800
8
Persons-
73,000
-
109,450
HUD-Approved Housing Counseling Agencies
511 W. University Blvd. #4, Tempe, 85281
480-517-1589
www.newtowncdc.org
Some FSL Employees May Also Have Real Estate Licenses Issued By The Arizona Department Of Real Estate
If you are interested in purchasing a single-family home in the South Phoenix Village neighborhood, please call Karen Davis at 602-285-0505 ext 170 or SPV@fsl.org
DESIGNATED BROKER: Michael Hofstetter
