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CHN Resident Services
 
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Become a Lease Purchase resident  		.
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  . CHN’s Lease Purchase program offers low to moderate-income families an opportunity to own a quality, new construction or fully renovated affordable home. This program is designed for individuals who have the desire and the ability to maintain their home.

Eligibility Considerations

· Gross Monthly Income
· Rental History
· Credit History
· Civil/Criminal Background
· CHN Tax Credit Program Guidelines

Qualified applicants must a history of timely rental payments and a commitment to help care for their home for a period of 15 years. For newly constructed homes, qualified applicants must have a stable income and good credit history. After successfully completing the 15-year rental term, families have an opportunity to purchase their home for an amount significantly below current market value. Lease Purchase Program families receive home care and maintenance education through Cleveland Housing Network.

Income Thresholds

Family Size
Maximum Gross Income
1
$25,260
2
$28,920
3
$32,520
4
$36,120
5
$39,000
6
$41,880
7
$44,760
8
$47,700

CHN’s Lease Purchase program accepts Section 8 certificates or vouchers.

CHN also offers affordable homes and apartments through its RENTAL PROGRAM. Rental agreements are renewable each year.

Discover the path to affordable homeownership and quality rental opportunities by completing the Orientation Form to learn more about CHN’s Lease Purchase and Rental Programs.

 


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