Buying and Selling Income Restricted Units
If you are a seller go to "WHAT TO DO IF YOU ARE THE SELLER"
if you are a buyer go to "WHAT TO DO IF YOU ARE A BUYER"
HOW DO I KNOW IF THE HOUSE I WANT TO PURCHASE HAS AFFORDABLE HOUSING RESTRICTIONS?
IMPORTANT DATES TO KEEP IN MIND
- Prior to opening escrow, the seller must submit a complete Notice of Intent to Sell packet (Numbers 1-7 under the “What to do if you are the Seller” section above) to the HACSB.
- Within 5 days of opening escrow the HACSB should be contacted by either the buyer or the listing agent by submitting the completed signed original Affordable Housing Program Application along with the requested documentation.
- The HACSB has 35 days from notification that escrow has opened to issue a Certificate of Compliance, provided that all requirements have been met.
MAXIMUM ALLOWABLE SALES PRICE FOR VERY-LOW, LOW AND MODERATE INCOME HOMES
The Maximum Allowable Sales Prices are based on an equation as defined in the Declaration of Covenants, Conditions and Restrictions and the Resale Restrictions Agreements for various affordable housing tracts. Click Here to view the current Maximum Allowable Sales Prices for the various affordable housing tracts. Maximum prices are revised annually.
(805) 648-5008 Ext. 2247