Looking for a project with history to it? Want an old house with great character? Then BRI has the home for you! BRI steps in to preserve houses in Bloomington and throughout Monroe County and offers them for sale to buyers who agree to restore and maintain them. All properties are offered for sale with protective covenants. For more information on these and other old houses, contact Steve at 336-0909 or email@example.com.
If you’re thinking about buying your first home, read our advice for getting the best mortgage you can afford. If you’re thinking about buying a home to restore, we have tips and suggestions for restoration financing.
Homes available through the BRI Endangered Historic Properties Program
8121 West Elm Street, Stinesville | $29,000 | Details
Stine and Market Streets | $9,900 | Details
Homes available through the BRI Affordable Housing Program
1215 South Stull, Bloomington | Price to be determined | Details
8121 West Elm, Stinesville | $89,900 | Details
Main and Market Streets, Stinesville | Price $110,000 | Details
All BRI properties are sold with protective covenants requiring BRI approval of any exterior alteration of existing structures or new construction. Buyers of houses in the Affordable Housing Program must make less than 80 percent of the county’s median income. Those annual income limits, by household size, are: one person, $34,250; two people, $39,150; three people, $44,050 and four people, $48,900. The houses are sold with affordability deed restrictions that require that the house remain affordable for 10 years after the initial sale. The new owner must live in the house for 10 years or sell to another buyer who meets the income restrictions.