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For-Sale Requirements

The affordable for-sale inclusionary or other restricted/regulated City units require a fair and open selection process to ensure the general public has the opportunity to be considered for an affordable unit. The City will approve all materials and processes associated with such affordable for-sale units.

Prior to marketing the affordable units the developer must have a signed and recorded Housing Declaration and Affordable Agreement and must have the maximum initial sales price based on income level and bedroom count.

Maximum Initial Sales Price

The Maximum Initial Sales Prices (MISP) are established prior to marketing/outreach of a development.  An estimated MISP is provided to the developer during the negotiation process of the Housing Declaration and Affordable Agreement and the final MISP is provided prior to marketing affordable units.  Here is the methodology for the MISP which provides all factors that will be used to determine the MISP.  

The Developer will need to provide the following so that the City may provide estimate and final pricing:

      -Type of unit....i.e...Condo, townhome, single-family detached....
      -Income level of unit(s)
      -Breakdown by number of unit(s) and bedrooms
      -Estimated HOA fees 
      -Utilities paid by prospective buyer, what utilities are electric, gas and who pays for water, sewer
        and trash, does it have A/C?

Marketing and Outreach

1. Post affordable for-sale units within the general project marketing on all social media, websites,  advertisements, onsite facilities (sales office), print materials, etc. Including bedroom count, income level and site location.

2.  Send project media to local Housing Authorities, and nonprofit and community organizations that provide services to income-level households as required by affordable agreement.

3.  Post or provide the current income limits link (see below) for prospective buyers/applicants.

4.  Provide an interested parties portal/form to gather profile information (name, household size, email address, phone number and mailing address). All intake forms must be entered into a database, including submittals made by phone, email or in person.

5.  Send confirmation of receipt of, including interested parties profile information via email. A copy of confirmation is to be kept in the developer/owner’s files. If interested party does not provide an email address, attempt to contact them via phone or mail. 

Lottery Process

1.  Upon closing interest list prepare/print tickets consisting of interested party’s profile information.

2.  Select lottery date.

3.  The lottery will be held in a physical location with developer and or leasing staff onsite, and City/Housing Authority representative attending for purpose of verifying lottery was implemented appropriately. 

4.  Interested parties (applicants) will be invited to observe the process via event platform such as    Zoom or similar.

5. Random drawing will be completed when all tickets have been pulled.

6. A numbered list of names will be prepared during the lottery event from the tickets pulled.

7. After the lottery is completed, developer/sales staff (or third party as designated by developer) will begin an eligibility review of applicant profiles received/drawn.  

For-Sale Procedure

Once applicant(s) has/have been pre-screened pursuant to the Applicant Eligibility Criteria and determined eligible by developer/sales staff (or third party as designated by developer), the buyer/applicant City's Affordable Housing Program Application (and documentation requested) and Purchase Agreement will be submitted for review to the City for final determination.  Below you will find forms required by the City to be submitted by developer/sales staff (or third party as designated by developer) for final determination.

Prospective buyer/applicant of an affordable for-sale unit governed by these guidelines must be certified eligible by the City prior to completing sales process and must occupy the affordable unit for the full term of 45 years or until sold to a subsequent buyer and subsequent buyer will occupy for the remaining term.  In addition, affordable units are subject to annual owner-occupancy monitoring.

Applicant Eligibility Criteria

1. Income-Eligible Household

Affordable units are restricted to occupancy by very-low, low or moderate income households. Click link for Income Limits.  

2. Income Verification

Prospective buyer's income shall be determined pursuant to Part 5 (Section 8) Income and Asset criteria.   

3. Minimum Eligibility Requirements

The eligibility standards shall be used to evaluate the qualifications of households interested in purchasing an affordable housing unit.  Click link for  Minimum Eligibility Requirements

Prospective Buyer’s Information Required By City

The required documentation by the City for final determination are the following documents:

  • Copy of the signed Purchase Agreement 
  • Affordable Housing Program Application – Completed and including requested documentation and information on application and signed
  • Provide contact information for lender and escrow
The City requires submission of all items listed above and will review prospective buyer's application, however, will review the above information based on what has been verified by developer/sales staff (or third party as designated by developer).  The City will respond upon review and provide final determination and if approved the City will issue a Compliance Certificate, which allows escrow to close.