November 17, 2018 at 5:40 pm #46408
We just attended our first NACA workshop today. We would undoubtedly qualify for the “non-priority” member type (Earning more than the average pay per household, etc) As most of you probably know, this means you can only buy a home through NACA in a neighborhood that has less than a 100% income when compared to the average income of the state. I have found the FFIEC geomap website that NACA recommends for finding these neighborhoods but as I expected, there isn’t much out there.
I understand the desire to put higher income families in lower income areas for community “balance”. I was thinking a nice balance would be to find multiple neighborhoods that fall into the 90-99% income to median range which would in some ways guarantee you are buying a home in one of the nicest possible places available to you.
Does anyone know a way to filter a whole map of a state to show what neighborhoods are above 100% and what neighborhoods are below? Obviously there are towns without any neighborhoods that qualify and some towns where every neighborhoods qualifies that are undesirable. There has got to be some hidden little gems in some nicer towns. Any info on how to find these without typing every single address into the FFIEC website would be helpful. We are considering a very large list of towns but not too thrilled to see that 9 out of the first 10 don’t qualify for non priority members.
Thank you!November 17, 2018 at 6:07 pm #46409
Looking in MA or Southern NH if that helps.November 18, 2018 at 6:29 pm #46418
I would suggest finding the zip codes of the areas you like. Then go to Zillow, Realtor, Redfin or other real estate site and get a few random addresses based on the zip codes. Plug those into the geomapping site and you’ll get an idea of what’s out of bounds location wise.
I’m non-priority also and my areas are all 93% and higher.
By the way, the goal isn’t “balancing” the community. The goal is to level the playing field among all income levels. Those of higher incomes already have more choices when it comes to housing. If one wants the benefits of the NACA program, one has to be flexible and sit on the same level as everyone else.
November 18, 2018 at 11:29 pm #46424
- This reply was modified 6 months ago by naca3girl.
The easiest way is to go to the FFIEC website and select the checkmark on the left of the screen and just click on every “square” on the map and it will give you the info of the “square” to see if it’s under 100%. You can go through the map pretty quick like that. I can guarantee you that you can find a nice neighborhood under 100%November 20, 2018 at 4:36 am #46452
Thanks for the tip.
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