PLEASE READ: Affordable housing unit through The Burbank Collection, an upscale condo complex located in the heart of downtown Burbank. Third (R1) floor over looking Promenade, unit features 650+/- sf open layout, natural light, central A/C/heating, washer/dryer, 2 tandem parking, under cabinet kitchen lighting and outdoor patio. The complex features a gym, pool, lounge, putting green, bbq, fire pit, & bocce ball court. HOA dues include basic DirecTV, water, trash, and gas. Interested buyers must be screened by the City of Burbank for income-eligibility: 1 person between $70,650 & $80,750, 2 persons $80,750 & $94,300 maximum annual income of all occupants (sheet on MLS). Affordable Purchase Price calculation will ultimately be made by the City of Burbank, also considers estimates for monthly HOA dues, utilities, and property tax. Owner occupancy REQUIRED. Buyer will assume a silent second loan that does not accrue interest nor require payments, and is forgivable. Info provided by Burbank Housing Authority.
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