New Single-Family Home for Sale PDF Print E-mail
Friday, 19 May 2017 11:03

In an effort to create additional affordable housing in Sioux City, the City of Sioux City has constructed a single-family dwelling located at 2601 Vine Avenue. The home was constructed using HOME Investment Partnership Program funds from the U.S. Department of Housing and Urban Development (HUD).

The house is 1,450 square feet and is a split foyer with three bedrooms, one bathroom, and a two car garage. The lot is 15,600 square feet. It is a modern designed home with an open floor plan, main floor laundry, dishwasher, over the range microwave, kitchen island, large pantry, and a rear patio with sliding doors.

The sales price of the home is $112,000. Prospective buyers cannot currently own a home, must be low income (described further below) and must be prequalified through a local lender for a 30 year fixed mortgage (FHA, VA or Conventional) in the amount of at least $112,000. Down payment and closing cost assistance is available.

Household size means the number of people – adults and children – that will be moving into the house at 2601 Vine Avenue. Household income is calculated by adding the taxable income of all household members, regardless of relationship to the prospective buyer. For example, a four person household must make less than $50,650 to be considered as a prospective buyer.

Household Size Must Make Less Than
1 person $35,500
2 person $40,550
3 person $45,600
4 person $50,650
5 person $54,750
6 person $58,800
7 person $62,850
8 person $66,900

Those interested in purchasing this house are required to submit a completed application to City Hall, 405 6th Street, Room 305, beginning May 26, 2017. Applications will not be accepted prior to that date. Business hours are Monday through Friday, 8:00 a.m. to 4:30 p.m. Applications will be considered in the order received. To receive an application, call 712-279-6255, email This e-mail address is being protected from spambots. You need JavaScript enabled to view it , or stop by City Hall, 405 6th Street, Room 305.

Prospective buyers are encouraged to make an appointment with a local lender as soon as possible to get prequalified for a mortgage loan. Applications received without an attached prequalification letter from a local lender in an amount of at least $112,000 will not be considered.

All proceeds from the sale of the home will be reinvested in Sioux City to create additional affordable housing.