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Sale Price
Stone School Home | Floor Plans | Income Requirements | Resale
Purchase prices range btw $74,000 and $132,000. Units are priced according to:
- Family size
- Annual Household income
- Unit size and availibility
- Affordable Housing pricing terms and conditions
Unit Pricing
As of July 18, 2003, units will be available at the following price structure and unit size. NOTE: Additional “Subsidized Affordable” and/or “Required Affordable” may be added and the number of “Below Market” units may decrease pending approval of City of Ann Arbor and Washtenaw County funding.
Unit Specifications Chart:
| Unit Category |
# Units in category |
# Bed Rooms |
# Units Available |
Purchase Price |
HUD Pricing Subsidy Level |
Unit Square Footage |
| Subsidized Affordable Units (Available households at or below 60% AMI) |
9 |
2 |
1 (Barrier Free)* |
$72,640 |
60% |
1,081ft(2) |
| 3 |
6 |
$83,880 |
1,458 ft(2) |
| 1 (Barrier Free)* |
| 4 |
1 (Barrier Free)* |
$93,240 |
60% |
1,636 ft(2) |
| Required Affordable Units (Available households at or below 80%AMI) |
11 |
2 |
1 |
$90,400 |
80% |
1,081ft(2) |
| 3 |
6 |
$101,700 |
80%< |
1,458 ft(2) |
| 3 (Accessible to visitors)** |
| 4 |
1 |
$113,000 |
80% |
1,636 ft(2) |
| Below Market Units (Available households at or below 100%AMI) |
35 |
2 |
4 |
$105,740 |
85% |
1,081ft(2) |
| 3 |
23 |
$118,830 |
85% |
1,458 ft(2) |
| 4 (Accessible to visitors)** |
| 4 |
4 |
$132,090 |
85% |
1,636 ft(2) |
* Barrier Free = as required by the ADA.
** Accessible to Visitors = wheel chair accessible on the first floor only
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