126 Shoreline Dr, Rancho Mirage, CA 92270

Property Description

3 bedroom 2 bathroom home in beautiful Mission Shores. This is one of 21 homes in the City of Rancho Mirage Moderate Income Housing Program. Eligible buyers must have a gross household income no less than $37,550 per year and no more than $78,000 per year (salary scale is based on # of ppl in household). You must agree to sign a Covenant with the City of Rancho Mirage and agree to the following terms: 1) the home must stay in the program for the remaining term (this covenant expires 3/4/2020), 2) you must live in the home (you cannot rent it out) 3) your income eligibility has to be approved by the City of Rancho Mirage & there are re-financing restrictions 4) if you re-sell the home you must agree to sell it to an income eligible buyer. 5) the home must be your primary residence. Please see attached for more information. Buyer's must be approved with the City Attorney for Rancho Mirage before submitting an offer.