Introducing La Tela Condos – a permanently affordable homeownership opportunity from Elevation Community Land Trust. This unique land-trust ownership opportunity offers beautifully-built, brand-new studio condos in the heart of the Santa Fe Arts District for $149,900.
Take a look at the steps below to see if you qualify. Reach out for more information and to schedule your own tour of La Tela Condos before they’re gone.
Check ECLT Program Income and Asset Limits: If you haven’t already, please complete the ECLT Pre-Screener to confirm that you meet the income and asset requirements. The maximum annual gross* income for a single person is $62,600 and $71,550 for two people. *Net income for self-employed persons.
Get Pre-Approved with a Participating Lender: La Tela homebuyers must prequalify for a portfolio loan through one of the following participating lenders. We recommend that you call all of them to compare options.
-
-
- Bank of England with Parker McClure (720-982-5598; pmcclure@
boemortgage.com). - Summit Mortgage (habla Español) with Evan Jansen (720-200-9480; ejansen@summit-
mortgage.com). - Impact Development Fund with Coren Handscome (970-494-2021; coren@impactdf.
org). - Elevations Credit Union with Aaron Staufer 720-652-7108; teamstaufer@
elevationscu.com).
- Bank of England with Parker McClure (720-982-5598; pmcclure@
-
Learn about Elevation Community Land Trust: Prior to completing an ECLT application, homebuyers are encouraged to attend a free, online ECLT Orientation to learn about the community land trust. Completion of this orientation is a requirement for ECLT’s application. Register for an orientation here.
Learn About Homeownership: Taking a CHFA Homebuyer Education Course is a requirement of ECLT Application process, and currently, these classes are free and online. Start learning today by registering for CHFA Homebuyer Education Course.
Complete the ECLT Application: Please note, the ECLT Application has a $25 non-refundable application fee, so we recommend reviewing the program requirements and attending an orientation before you complete the application.
La Tela Condos must be purchased as owner-occupied units. Interested? Reach out below for more information.