THE TOWNS @ CITY VILLAGE BY SUMMERHILL HOMES
*Images may not be representative of the BMR units
INFORMATION & ANNOUNCEMENTS
City Village, a collection of 404 homes, will include a two-acre public park and open spaces, walking and biking trails, gathering nodes, seating areas, and a community barbecue area.
The three distinct neighborhoods include The Towns, The Rows, and The Courts.
The Towns is a collection of 136 three-level attached townhomes with three or four bedrooms, ranging from 1,720 to 2,250 sq. ft.
4 will be Very Low Income
6 will be Low Income
10 will be Moderate Income
The City of San Ramon is NOT offering any Down Payment Assistance.
OPPORTUNITY DRAWING #523
1516 Carmine Court, #354
1016 Amethyst Court, #330
1602 Cinnabar Court, #355
1612 Cinnabar Court, #359
4 Bedroom / 3.5 Bathroom
Approx. 2249 Sq Ft
Price: $582,471.00
HOA: $356.39
Property Designated AMI: Up to 120% - Moderate Income
Occupancy Standard: Household Minimum 4, Maximum 9 people
The Deed Restriction Terms: 30 years; review documents at the bottom of the page.
Please refer to the ODN (Right) for additional information
Important Deadlines
Drawing Entry Deadline: 10/27/2023 @ 5pm PST
File Submission Deadline: 11/30/2023 @ 5pm PST
OPPORTUNITY DRAWING #524
1216 Azure Court, #342
1111 Amethyst Court, #332
4 Bedroom / 3.5 Bathroom
Approx. 1988 - 2249 Sq Ft
Price: $270,588.00
HOA: $356.39
Property Designated AMI: Up to 80% - Low Income
Occupancy Standard: Household Minimum 4, Maximum 9 people
The Deed Restriction Terms: 30 years; review documents at the bottom of the page.
Please refer to the ODN (Right) for additional information
Important Deadlines
Drawing Entry Deadline: 10/27/2023 @ 5pm
File Submission Deadline: 11/30/2023 @ 5pm
OPPORTUNITY DRAWING #525 - BUYERs IDENTIFIED
1309 Azure Court, #345
1709 Cinnabar Court, #361
Update in Progress
Approx. 1716 - 1817 Sq Ft
Price:
HOA: $356.39
Property Designated AMI: Up to 50% - Very Low Income
Occupancy Standard: Household Minimum 3, Maximum 7 people
The Deed Restriction Terms: 30 years; review documents at the bottom of the page.
Please refer to the ODN (Right) for additional information
Important Deadlines
Drawing Entry Deadline: 10/27/2023 @ 5pm
File Submission Deadline: 11/30/2023 @ 5pm
CITY PREFERENCES APPLY…
1st Preferences for Veterans, Certified First Responders and Public Service Employees.
2nd Preferences for Seniors (65+), Persons with Disabilities, Single Parents, Large Households (5+) and Qualified Homeless.
Refer to the Program Application Guide for in depth Instructions and Guidelines as to how this program works for the City of San Ramon
THE “MINIMUM FILE” FOR REVIEW IS COMPRISED OF THE DOCUMENTS linked here
Please Note…Upon timely submission and approval of these initial review documents, you will still need to provide the remainder of the items on the Document Checklist to make your COMPLETE FILE for further review. In order to do so, you can expect to be given a deadline to provide them in order to continue through the process and be considered for the opportunity.
Now, while you are waiting…
You will need an APPLICATION ID for the City of San Ramon Ownership Program. If you do NOT have one, please click the button below…
If you have an APPLICATION ID, you can enter the drawing by clicking the button below…
Please Note: You are only allowed to be in ONE program drawing at a time. If you are currently in another ownership drawing for San Ramon, you will not be able to enter.
Additionally, if you decide to “opt out” of a drawing, you will NOT be able to re-enter it.
Two Simple Steps to Get Started…
Step 1.
Create an account for your household at MyHouseKeys.com (Only one account per household)
Please note: The email address provided needs to be valid and checked frequently, as it will be the main resource for correspondence
Please note: You will need to set up individual profiles for each household member
Step 2.
After you have created your account, navigate to the Program Center through the Menu and find Programs.
Under Programs, find the City of San Ramon Affordable Ownership or Rental Program and click the “Request Application ID” button. Click HERE to go to the Program page.
And now you can access ALL Opportunities (homes) available!
Please note: Income Limits and Household Occupancy Standards apply and will vary by Opportunity.
Please note: At this point, you can enter a Drawing, which hold Opportunities. You are only allowed to enter ONE Drawing at a time per Program. Should you opt out, you will NOT be able to re-enter. Make all considerations before any entry and when opting out.
RESOURCES
Program Documents: Resale Restriction, Excess Sales Proceeds Note, and Deed of Trust
The Resale Restriction limits the price you can resell the house for and the amount of equity it can build. The difference between the home's fair market value and the maximum restricted resale price is known as “Excess Sales Proceeds.” This amount belongs to the program, and the City records a note and deed of trust to protect those proceeds. You are free to hire an attorney to help you understand the program you contractually agree to participate in and follow. Among other requirements and responsibilities, you will be required to complete an annual compliance certification, validating that you as the owner are still occupying the property. Renting the property will breach program requirements disqualifying you from the program.
Term: 30 Years.
State Income Limits for 2023
https://www.housekeys.org/s/income-limits-2023.pdf
How to get started and prepare a file: https://www.housekeys.org/buyerfile
This program is for households that meet the “first-time home buyer” definition for the program.
HOW TO VIDEOS AND RESOURCES
How to create a MyHouseKeys account: Creating a MyHouseKeys account 11/25/22 (loom.com)
How to enter a drawing: How to Enter Opportunity Drawings (loom.com)
How to find your file cabinet and upload documents: click here
How to name your documents in your file cabinet: click here
Frequent mistakes to avoid when uploading to your file cabinet: click here
Document Naming Conventions: click here
General Orientation and Quiz: Orientation Catalog — HouseKeys
How to package a buyer file, application forms, and general lender list: Packaging a Buyer File — HouseKeys
If you are no longer interested: How to opt out of a drawing (loom.com)
(Navigate the map by clicking and scrolling)
