Are 2–4 unit newly constructed properties eligible for the SAM?

FAQ Content

Newly constructed owner occupied 2-unit properties are eligible for the Shared Appreciation Mortgage. Eligible, newly constructed property types include:

  • Single-family dwellings
  • Single-family dwellings with one accessory dwelling unit
  • Manufactured homes on a permanent foundation that are converted to real property
  • Owner occupied duplexes
  • Condominiums.