119 Sears St, Ithaca, NY 14850

OPEN HOUSE SATURDAY AUG 23 - 1:30-3:30p This 3 bedroom, 1.5 bath home in downtown Ithaca is for income limited, first-time homebuyers. This is a super-efficient, all-electric, LEED- and Zero Energy-Ready certified home, heated and cooled by an air source heat-pump system, with a heat pump water heater, and with laundry hook ups first floor half bath. EnergyStar kitchen appliances. Private driveway with EV charging. Covered front and rear porches with a fully fenced back yard. Just blocks from downtown and the Ithaca Commons, walk or bike to schools, shops, restaurants, and services! The homes will be sold to households earning less than 80% of the area median income. This is a Community Housing Trust home-- a shared equity program: homebuyer purchases only the house, and the CHT owns the land, keeping things affordable. Appreciation is limited to 2% a year, limiting profit when home is resold. The homeowner still builds equity, while keeping the home affordable for the next owner. Buyer needs to be pre-qualified with lender and meet INHS income guidelines. If there is more than one buyer for this home, INHS will hold a lottery Sept 12.