Affordable Dwelling Units

An Affordable Dwelling Unit (ADU) is a property made available for purchase to qualified first-time homebuyer households with moderate incomes. It is subject to restrictive covenants that require it to be affordable in perpetuity. 

The ADU program currently consists of 62 units. When new construction units become available, they are sold through random selection lottery only. Additional requirements:

• Property values and tax assessments align with annual percentage increases in Area Median Income (AMI). Property must be sold and resold to moderate-income households for the restricted price.
• At re-sale: Value of home will be the original purchase price plus annual increases in Department of Housing and Urban Development’s (HUD) Area Median Income (AMI).  

Webinar: About ADUs and Down Payment Assistance

Note that this webinar includes some information specific to the Axumite Village ADUs, which have been sold. Feel free to fast-forward through such information by dragging the red dot (found in the progress bar at the bottom of the video) to the right.

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Random Selection Drawing Results

For Sale

Recently Sold