Bluffton: Buyers in place for all six Wharf Street homes

cconley@islandpacket.comMarch 7, 2013 

The homes on Wharf Street that are part of the Town of Bluffton redevelopment project are shown here in this file photo.


The town of Bluffton held its fourth -- and possibly last -- housing lottery this week, as two more applicants selected homes in the Wharf Street development.

The town has sold or has buyers in place for all six of the homes, which cost $1.2 million to build and were paid for mostly with federal stimulus money. The development is on Wharf and Robertson streets in Old Town Bluffton.

Two homes are occupied, and a sale should put a family in a third this month, Bluffton senior planner Danny Wilson said. Another approved applicant is still trying to secure financing, he added.

The final two homes in the development were selected during Tuesday's lottery.

"The two applicants that were selected in (Tuesday's) lottery will work with town staff to move into purchase contracts," Wilson said.

After a slow start to the town-run housing program, the town's foray into affordable housing has picked up steam since the fall.

The town sold the three-bedroom home at 11 Robertson St. for $90,000 on Nov. 27, according to county records. The two-bedroom home at 12 Robertson sold for $92,000 on Nov. 8.

Pending-sale prices for the other homes are not yet available.

At least 68 people have applied for the homeownership program. However, through last year, most had withdrawn from a mandatory approval process that includes background checks, credit checks and a first-time homebuyer course. Mortgage pre-approval is also a requirement.

Household income also affects a buyer's eligibility. A single person's income cannot exceed $39,100 a year to qualify, and a family of six cannot earn more than $64,800.

Related content:

2 of Bluffton's Wharf Street homes sold, another sale pending, Nov. 30. 2012

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