Rose lane by Robson Homes
For safety reasons, applicants aren’t allowed to go to the construction site. Those selected to purchase will be able to view the homes by appointment only.
UPDATE: 3/11/2025
All buyers for the 4 homes have been identified.
Image is an approximate representation of what you will be potentially applying for.
INFORMATION & ANNOUNCEMENTS
12/6/2024 The deadline to apply/select the City preferences is Monday, 12/9/2024 5 pm. See Exhibit E and the updated Opportunity drawing notice for deadlines and details.
12/13/2024 We have extended the deadline to provide your address for confirmation via the Address Confirmation Formstack Linked *HERE by 10:00 AM on Wednesday 12/18/2024. If you already filled out the Formstack, do not fill out the Formstack again.
You can submit your address for confirmation by updating the address in your www.myhousekeys.com account.
If we cannot confirm your address, we will use the current address in our system, in your account profile
12/19/2024 Drawing Results are posted
3/11/2025 All 4 buyers have been identified. Thank you to all those that participated.
DOWN PAYMENT ASSISTANCE LOANS*: See below to view what DPA is available to those who qualify:
Applicants making UP TO 80% AMI (Low Income). Households may apply for:
Up to $100,000 from CalHOME - County of Santa Clara.
Up to $100,000 from Santa Clara County -Measure A Funds
All County Funds are loans with 0% Interest Rate
Program Documents & Disclosures
Resale Restriction, Excess Sales Proceeds Note, and Deed of Trust
This program requires you to sign a Restriction Agreement
with a TBD-year term, possibly 99 years.
Understanding the intricacies of the program documents is crucial when considering participation in a housing program. Deed restrictions, agreements, promissory notes, and deeds of trust are all legal instruments that can significantly impact the rights and obligations of property owners. For instance, deed restrictions can limit how a property is used, who you can sell it to, refinancing, and upgrading the home, and it requires the owner to occupy the home. It also sets conditions for its future sale, which includes a cap on the resale value and/or an equity share, depending on the program. Similarly, a promissory note is a binding promise to repay a loan and/or excess sales proceeds (the difference between the home's fair market value and the maximum restricted resale price), and a deed of trust secures the promissory note by placing a lien on the property. Click below to access & review the documents to ensure this program is for you. You can hire an attorney to help you understand the Program Documents you’ll sign and promise to abide by.
OPPORTUNITY DRAWING OD 589
(4 Units) 4 Bedroom / 3 Bath
Price: $382,431
Solar: Included in Price
Approx.1554 Sq Ft
Monthly HOA: $355
Special Tax Assessments Supplemental: Estimated $144.28 per month ($1,731.44 per year)
Property Tax: $354.38 per month ($4,252.60 per year), estimated
Home Insurance: approximately $94 per month, estimated.
Occupancy Standard:
Household Minimum 4
Maximum - No program requirement.
A full suite of Samsung appliances is included in the units! (Stove, Microwave, Dishwasher)
Resale Restriction Terms: TBD Years (Review the documents on this page)
Please refer to the ODN (Right) for additional information
Estimated Cost Breakdown
Important Deadlines
Drawing Entry Deadline: 12/6/24 5:00 pm
Deadline to apply/select City Preferences: 12/9/24 5:00 pm (See Exhibit E for instructions and videos on “How to”)
Deadline to Confirm your Address: 12/18/2024 10:00 am (see announcements above for details)
UPDATED: Ranking results will be published approx. 12/19/2024
File Submission Deadline: 1/10/2025 by 5:00 PM - Initial Items due from the top 100 Final Ranking Numbers (aka Batch 1). See the Opportunity Drawing Notice for details. Note: Final Ranking numbers above 100 will be assigned a File Submission deadline separately IF backups applicant files are needed. Please be ready.
Note: The Final Ranking number is subject to change after preferences are verified. Applicants cannot adjust their City Preference Tiers after the Drawing Entry Deadline. Preference Tier adjustments or corrections by the applicant after the Drawing Entry Deadline will not be considered.
City Preferences
This is the link to check if your address is located in one of the special census tract numbers to claim Tier/Priority 1: https://geocoding.geo.census.gov/geocoder/geographies/address?form
Note: The Final Ranking number is subject to change after preferences are verified. Applicants cannot adjust their City Preference Tiers after the Drawing Entry Deadline. Preference Tier adjustments or corrections by the applicant after the Drawing Entry Deadline will not be considered.
