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Logan Terrace Townhomes

Selection Criteria

All prospective buyers who wish to submit an application may do so by sending the Logan Terrace Townhomes downloadable application to 832 Germantown Pike, Suite 5, Plymouth Meeting, PA 19462 C/O Hadar Roizman.

Please be aware that a $50.00 application fee in the form of money order or check must be submitted with your application, no application will be processed without submission of the fee. Please make check or money order payable to "Logan Terrace Townhomes"

Click here to download the Logan Terrace Townhomes application

Eligibility criteria are set forth according to:

  • Employment - A minimum of two years of steady and documented employment as verified by pay stubs, 3rd party verification and W-2 and 1040 Tax returns.
  • Income - Potential purchasers will need to meet the income guidelines requirements of the HUD's Section 24/9 Homeownership Program.
  • First time home buyer - any applicant may not be eligible is he or she has owned a home during the 18 months period preceding the date of the application in any state. Ownership is defined as owning property individually or jointly, directly or indirectly (via will or in testate inheritance) during the past Eighteen (18) months, in any state in the United States regardless of whether the subject has resided in the unit or not.
  • Credit and Criminal History - Applicants must have a good credit and no criminal history for the last two years.
  • Down Payment - Homebuyers may be required to pay up to 5% of the base purchase price as an initial deposit or such other amount as homebuyer's lender requires. At a minimum, homebuyer must pay from homebuyer's own funds, the greater of 1% of the base price or $500 as an initial deposit. Additionally, homebuyers' down-payment assistance is available from the City of Chester Economic Development Authority (CEDA).

Click on the links below to read more about Logan Terrace Townhomes

  All Information on Logan Terrace Townhomes in a single PDF   
  Application And Eligibility Process
  Selection Criteria
  Preference Status
  Income Limits
  Sales Price
  Use Of Sales Proceeds And Restrictive Covenants   Contact Information

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