28 Crescent Way Trumansburg, NY 14886

Must apply to Ithaca Neighborhood Housing Services (INHS) to purchase. Make sure qualified prior to viewing.
This 2 bedroom 1.5 bath affordable townhome is for income limited buyer but NOT limited to first time home buyers. This is a super-efficient, all-electric, LEED- and Zero Energy-Ready certified home and is heated and cooled by an air source heat-pump system, has a heat pump water heater with laundry hook ups in the upstairs full bath. Energy Star Appliances. Parking in rear of unit with private electric vehicle charging station. This is an exterior unit with larger, fully fenced yard.
This townhome is part of the newly developed Crescent Way neighborhood in the Village of Trumansburg. Nestled within walking distance of downtown Trumansburg, Crescent Way features the completed Village Grove Apartments, & the Trumansburg Community Nursery School.
The townhomes will be sold to households earning less than 80% of the area median income and will become a part of the INHS Community Housing Trust.
This is a Community Housing Trust Home - a shared equity program: homebuyer purchases only the house and CHT owns the land keeping things affordable. Appreciation is limited to 2% a year, limiting profit when owner goes to sell. Homeowner still builds equity while keeping it affordable for 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 on Sept 12.