1. No category

Deadline:
Febrary 17, 2017 – 5:00pm
AFFORDABLE HOUSING
PROGRAM APPLICATION
1949 5th Street, Suite107 | Davis, CA 95616 | foutshomes.com |
OFFICE
530.759.9000 |
CELL
916.802.8044 |
FAX
530.759.9085
(EnglishVersion)
WelcometotheGrandeVillageAffordableHousingProgram
The project developers of Grande Village are pleased to provide a homeownership
opportunityforqualifiedfamiliesatbelowmarketpricesinaccordancewiththeCityof
Davis (“City”) Affordable Housing Ordinance (“AHO”). The Grande Village Affordable
HousingProgram(“GVAHP”)isanopportunityforincome-qualifiedhouseholdstoapply
for homeownership. When completed, the attached Grande Village Pre-Lottery
Applicationisthefirststepinaprocessthatcouldresultinyoupurchasingandowninga
homeinGrandeVillage.
The GV AHP is an equal opportunity affordable ownership program within the Grande
Village project located on Grande Avenue in Davis, CA. Within this development there
are6MiddleIncomesinglefamilyhomesand8Low-ModerateIncomehalf-plexhomes.
To see if you qualify and to make an APPLICATION for The Lottery and potential
ownership in Grande Village read the information provided in this Grande Village
AffordableHousingapplicationpackage.
Whenpurchasingahome,youhavetherighttochooseanylenderandtohaveyourown
representatives involved in the transaction (at your sole expense). The project
developer has a Preferred Lender that is very knowledgeable with the GV AHP. A
PreferredLenderwillworkwithyoutodetermineyourabilitytoqualifyforaloanand
qualifyingfortheGVAHP.Thecontactinformationisprovidedforyourconvenience.
FirstNorthernBank
Tri-Counties
TerriHirst CherylHargett
[email protected] [email protected]
Phone:530-297-3907
Phone:916-616-1865
GeorginaValenciawillassistyou,andprovideyouwithresourceinformationtogetyou
started.WewelcomeyouandhopeyouapplyforhomeownershipinGrandeVillage.
Regards,
DonFouts,President
FoutsHomes Paraayudaenespañol,porfavorcontacteaGeorginaal(916)802-8044
(SpanishVersion)
BienvenidosalProgramadeViviendasAccesiblesGrandeVillage
(GrandeVillageAffordableHousingProgram)
LosdesarrolladoresdelproyectoGrandeVillagesecomplacenendarleunaoportunidad
alasfamiliasquecalifiquenparahacersepropietariasdeunaviviendapordebajodesu
precio de mercado de acuerdo a la norma de vivienda económica (Affordable Housing
Ordinance-“AHO”,porsussiglaseninglés)delaCiudaddeDavis(enadelante,“Ciudad”).
ElProgramadeViviendasAccesiblesGrandeVillage(GrandeVillageAffordableHousing
Program - “GV AHP”, por sus siglas en inglés) es una oportunidad para los hogares que
califiquen, de acuerdo a su nivel de ingresos, de hacer una solicitud para hacerse
propietarios de una casa. Al completar esta solicitud, la solicitud adjunta para la PreloteríadeGrandeVillage(GrandeVillagePre-LotteryApplication)eselprimerpasodeun
procesoquepuederesultarenlacompradeunaviviendaenGrandeVillage.
ElGVAHPesunprogramadeoportunidadeseconómicasigualitariasdentrodelproyecto
Grande Village situado en Grande Avenue en Davis, California. En este desarrollo se
encuentran 6 viviendas de Ingreso Medio para una familia y 8 half-plex de Ingreso
Bajo/Moderado.
Para saber si usted califica y para hacer una SOLICITUD para LA LOTERÍA y
potencialmente ser propietario de vivienda en Grande Village visite lea la información
proporcionada en el paquete para la solicitud de Viviendas Económicas Grande Village
GrandeVillage.
Alcomprarunacasa,ustedtieneelderechodeelegirasuacreedoryatraerasuspropios
representantes para realizar la transacción (bajo su propio costo). El desarrollador del
proyecto tiene un Acreedor Preferencial quien tiene gran conocimiento del GV AHP. Un
Acreedor Preferencial trabajará con usted para ayudarle a determinar si usted califica
para un préstamo y para saber si usted califica para el GV AHP. Le proporcionamos
nuestrainformacióndecontacto,encasodequeustedlarequiera.
FirstNorthernBank
Tri-Counties
TerriHirst CherylHargett
[email protected] [email protected]
Phone:530-297-3907
Phone:916-616-1865
GeorginaValencialeasistirá,yleproveeráconlainformaciónnecesariaparaqueusted
empiececonsusolicitud.Ledamoslabienvenidayesperamosquerealiceunasolicitud
paraconvertirseenpropietariodeunacasaenGrandeVillage.
Saludos,
DonFouts,Presidente
FoutsHomes Paraayudaenespañol,porfavorcontacteaGeorginaal(916)802-8044
(EnglishVersion)
AffordableHousingApplicationSteps
FoutsHomesisbuildingAffordableHomesinNorthDavis…don’twaitapplynow!The
DeadlineforapplicationsubmittalisFebruary17,20175:00PM.Ifyouhaven’theard
thereareatotalof(6)MiddleIncomeHomesand(8)Low/Modhalf-plexhomes.These
homeswillbebuiltwiththesamehighqualityexteriorfinishesastheoverallGrande
Villageneighborhood.
Thefirsthomesreleasedwillbepricedat$508,881fortheMiddleIncome,andtheLow/Mod
affordablehomeswillbepricedat$261,937(2bedroom,1bath)and$437,884(3bedroom,2.5bath).
ConstructionwillbeginWinter2016/2017andestimatedmove-insareSummer2017.
TopurchaseanAffordableHomethereareincome,asset,householdsizeanddeed
restrictionsthatapply.ViewtheCityofDavisIncomeQualificationsintheapplication
package.
Ifyouareinterestedinthiswonderfulopportunitypleasefollowthesesteps:
Step1–checkincomerequirements–CityofDavisGrandeVillageMiddleIncomeand
LowModerateIncomeapplicationpackage.
Step2–FilloutacopyoftheattachedPre-LotteryApplication.Thisformmustbe
completeandturnedinbythedeadlineofFebruary17that5:00pm.
Step3–Delivertheseven-pagePre-LotteryApplicationto:[email protected]
U.S.MailorHandDeliverto:FoutsHomes19495thStreet,Suite107,Davis,CA95616Or
Faxto(530)759-9085.
DeadlineforApplicationSubmittalisFebruary17,2017at5:00pm
Step4–ThePreferredLender(s)andFoutsHomeswillreviewyourPre-Lottery
Application.
Step5–AllApplicantswillbenotifiedbyFebruary24that5pmoftheirqualificationsand
entryintotheLottery.TheLotterywillbeheldonFebruary25th,2017th,10:00aminthe
parkinglotofFoutsHomes,19495thStreet,#107,Davis,CA95616.Refreshmentswillbe
provided.
TheonlyhomeseligiblefortheLotteryarelocatedonGrandeVillagelots2-7(MiddleIncome)and
lots8,9,11,12,25,26,28,29(Low/ModIncome).
GeorginaValencia,Broker,CalBRE#01044277
Paraayudaenespañol,porfavorcontacteaGeorginaal(916)802-8044
(SpanishVersion)
PasosparalaSolicituddeViviendaAccesible
FoutsHomesestáconstruyendoViviendasAccesiblesalNortedeDavis…noespere,
¡ingresesusolicitud!Lafechalímiteparaingresarunasolicitudesel17defebrerode
2017alas5:00PM.Sinohaescuchado,hayuntotalde(6)ViviendasdeIngresoMedioy
(8)Bajo/Moderadoviviendashalf-plex.Estasviviendasseránconstruidasconlamismaalta
calidadenlosterminadosexterioresqueelrestodelconjuntohabitacionalGrandeVillage.
Losprimerasviviendasquesaldránalaventatendránunpreciode$508,881paralas
viviendasdeIngresoMedio,ylasviviendasaccessiblesdeIngresoBajo/Moderadotendránun
costode$261,937(2recámaras,1baño)y$437,884(3recámaras,2.5baños).
Laconstruccióncomenzaráenelinvierno2016/2017ylasmudanzasseesperaocurranen
laveranodel2017.Existenrestriccionessobreelingreso,activos,tamañodelafamiliay
restriccionesdelaescrituraqueseaplicanparalacompradeunaViviendaAccesible.
ReviselasCalificacionesdeIngresodelaCiudaddeDavisenelpaquetedesolicitud.
Siustedestáinteresadoenestamaravillosaoportunidad,porfavorsigalossiguientes
pasos:
Paso1–verifiquelosrequisitossobresuingreso–paquetedesolicitudparaGrande
VillageIngresoMedioeIngresoBajo/ModeradoenlaCiudaddeDavis.
Paso2–LleneunacopiadelaSolicitudadjuntaparalaPre-Lotería.Estaformadebeser
completadaeingresadaantesdelafechalímitedel17defebreroalas5:00pm.
Paso3–EntreguelaSolicituddelaPre-Loteríaalasiguientedirecciónelectrónica:
[email protected],envíeporcorreo(U.S.Mail)oentregueenpersonaaalasiguiente
dirección:FoutsHomes19495thStreet,Suite107,Davis,CA95616,oenvíeporFaxal
(530)759-9085.
LafechalímiteparalaEntregadelaSolicitudesel
17defebrerode2017alas5:00pm
Paso4–El/LosAcreedor(es)Preferencial(es)yFoutsHomesrevisaránsusolicitudala
Pre-Lotería.
Paso5–Todoslosparticipantesseránnotificadosantesdel24defebreroalas5pmpara
sabersicalificanyparalaentradaalaLotería.LaLoteríaserállevadaacaboel25de
febrerode2017alas10amenelestacionamientodeFoutsHomes,19495thStreet,#107
Davis,CA95616.Seserviránbebidasybocadillosligeros
LasúnicasviviendaselegiblesparalaLoteríasonaquéllaslocalizadasenloslotes2–7(IngresoMedio)
deGrandeVillageyloslotes8,9,11,12,25,26,28,29(IngresoBajo/Moderado).
GeorginaValencia,Broker,CalBRE#01044277
Paraayudaenespañol,porfavorcontacteaGeorginaal(916)802-8044
Pre-LotteryApplicationforGrandeVillage
CityofDavisAffordableHousingProgram
ApplicationDeadlineFebruary17,2017at5:00pm
FullName
Applicant1
______________________________________________________________________________________________
Last
First
Middle
FullName
Applicant2
______________________________________________________________________________________________
Last
First
Middle
CurrentAddress:
______________________________________________________________________________________________
StreetAddress
Apartment/Unit#
______________________________________________________________________________________________
City
State
ZipCode
PhoneNumber(Applicant1):_____________________________________________
PhoneNumber(Applicant2):______________________________
Emailaddress(Applicant1):________________________________Emailaddress(Applicant2):________________________________
ChildrenUnder18yearsofage:_________+Adults18yearsofageandolder:___________=TotalNumberofFamilyMembers:______________
Listthegrossannualincomeandassetsforeachperson,age18andoverwhowillliveinthehome.Ifyouneedmorespace,
pleaseattachanotherpage.
ListallFamilyMembers
18yearsandover
GrossAnnualIncomefor
TotalAssetsforeach SourceofAssets
eachFamilyMember
FamilyMember
(listsavings,checking,
(includeallsourcesofincome
(ofanyvalue$1,000 investments,realestate,CD,etc)
suchas:childsupport,alimony)
orgreater)
Paraayudaenespañol,porfavorcontacteaGeorginaal(916)802-8044
ApplicationPage1of7
Pleaseanswerthefollowingquestions:
1.Doesanymemberinthehouseholdhaveanyknownrelationshiptodeveloper/builder,projectconstructionteam,
thedesignatedresponsiblepartytocarryouttheLottery(GrandeVillageandCityofDavis),theowner,and/ortheCityof
DavisStaff?Yes_____
No_____
Anyqualifiedpersonsmayapplyregardlessofrelationships.
Ifyouansweredyestotheabovequestionpleaseexplaintherelationship:______________________________________________
__________________________________________________________________________________________________________
I/wedeclareunderpenaltyofperjurytobetrueandcorrectthatitisour/myexpressintenttooccupytheproperty
forwhichweareapplying:
___________________________________________________
signature(Applicant1)
__________________________________________________
signature(Applicant2)
I/wedeclareunderpenaltyofperjurytobetrueandcorrectthatthisapplication
representstheentirehousehold.Nopersonsofthehouseholdareapplyingseperately.
___________________________________________________
signature(Applicant1)
__________________________________________________
signature(Applicant2)
PleaseCheckOneofTheseStatements:
IworkforDavisJointUnifiedSchoolDistrict:___________________
IDoNotWorkforDavisJointUnifiedSchoolDistrict:_____
ProofofEmploymentwiththeDavisJointUnifiedSchoolDistrictwillberequired.
FormoreinformationcallFoutsHomesat(530)759-9000
Emailtheapplicationto:[email protected]
Mailorhanddeliveryto:FoutsHomes,19495thStreet,Davis,CA95616
Fax:(530)759-9085
ApplicationDeadlineisFebruary17,2017at5:00PM
ThisApplicationistodeterminequalificationfortheGrandeVillageLotteryfortheCityofDavisAffordableHousingProgram
ForInternalUseOnly:
DJUSDEmployee______
LocalWorkforce(4tickets)_______
GeneralPublic(1ticket)______
PersonW/Disabilities(2tickets)_______
Paraayudaenespañol,porfavorcontacteaGeorginaal(916)802-8044
ApplicationPage2of7
Seniors(2tickets)_______
Pre-LotteryApplicationforGrandeVillage
CityofDavisAffordableHousingProgramDEADLINE:February17,2017
Doesanymemberofyourhouseholdcurrentlyownahome?YES____NO____
IfYES,doyouplantosellthehomepriortopurchasinganaffordablehome?YES___NO____
Valueofthehome:______________________MortgageBalance:________________________
Pleasereviewthefollowingitems,check-offifyouunderstand:
___AllrealestateownedbyanymemberofyourhouseholdislistedintheIncome/Assetsabove.
___I(we)asAffordableHomeBuyer(s)verifyweintendtooccupythepropertyforwhichweareapplying.
___Thispre-applicationmustincludeonlyindividualsinyourhouseholdwhoplantopurchase/ownthe
property.
___Co-signers,investorsandmultipleapplicationsinafamilyareprohibited.
LotteryTicketCategory:Pleaseindicatebycheckingoneormoreboxesbelowifanymembersofyour
householdmatchthedescribedclassifications.
___NomembersofmyhouseholdworkinDavis,haveadisability,orare62yearsofageorolder.
___Amemberofthehouseholdbelongstothe“LocalWorkforce”.Theapplicantisrequiredtoprovide
writtendocumentationfromtheemployer,whichspecifiestheemployer,theemployee’sposition,termof
employment,averagehoursworked,andprimaryphysicallocationoftheworkplace.Therequirementis
thatanemployeehasworkedanaverageofatleast30hoursperweekforatleastthelast6monthsinthe
DavisPlanningArea.Self-employedapplicantswouldsubmittaxdocumentationandabusinesslicense.
___AmemberofthehouseholdhasaDisability.Disabilityrequireswrittenverificationfromaphysicianthat
statesthatanadultmemberofthehouseholdhasaphysicalormentalimpairmentthatlimitsoneormore
majorlifeactivitiesasdefinedintheFairEmploymentandHousingActofCalifornia.
___AmemberofthehouseholdisaSenior62yearsofageorolder.Seniorcategoryrequiresacopyofthe
householdmember’sbirthcertificateorvalidCaliforniaidentificationisacceptabletoverifythatthe
individualis62yearsofageorolder.
PrimaryContactPerson:________________________________________________________________________________
PhoneContact:___________________________________________________________________________________________
Email:______________________________________________________________________________________________________
I/Wedeclareunderpenaltyofperjurythattheinformationprovidedonthisapplicationistrueand
accuratetothebestofmy/ourknowledge.
PrintName Signature(Applicant1)Date
_____________________________________________________________________________________________________________________________
PrintName Signature(Applicant2)Date
GeorginaValencia,Broker,CalBRE#01044277
Paraayudaenespañol,porfavorcontacteaGeorginaal(916)802-8044
ApplicationPage3of7
Low-Moderate Income Lots
Middle Income Lots
Bike and walking paths
to North Star pond and
playing fields
Middle Income Lot
Low-Moderate Income Lot
Reserved Lots
Lots 8/9, 11/12, 25/26, 28/29
are Low/Moderate
Lots 2 thru 7 are
Middle Income
Grande Avenue
8
Community
Garden
7
6
5
3
4
11
* Market Rate: Custom
designed homes to your
specifications. Prices vary
based on location, home
size, fit and finish specifications, detailed interior and
exterior design features and
finishes.
**
1
2
LD
9
10 **
SO
*
13
*
14
*
15
*
16
D
OL
12
*
17
*
18
** Custom Spec:
Pre-designed and built
home—market rate pricing.
S
Mercedes Avenue
Fiesta Avenue
Florencia Place
*
24
25
26
*
23
*
22
Jalisco
Place
*
21
*
19
*
20
Bike and
walking paths
**
27
29
28
*
30
*
31
*
32
*
33
*
34
*
40
*
39
*
38
*
37
Middle and Low/Mod
Income: Established by the
City of Davis Housing
program. These homes
have the same high quality
exterior finishes as the
overall Grande Village
neighborhood.
‡∆
Reserved Lots
Ipanema
Place
Mercedes Court
*
41
NOTES ON LOTS AND
HOUSING TYPES
*
36
*
35
Del Oro Avenue
Applicant Initial:__________
Huerta
Place
Covell
Park
Date:___________________
Bike and walking paths
to Community Park and
Davis High School
NORTH
FOUTSHOMES.COM |
530.759.9000
| EMAIL: [email protected]
Application Page 4 of 7
First Floor
Second Floor
Lots: 2, 4, 6
Lots: 3, 5, 7
Middle Income Two Story
1631 square feet
Middle Income Single Story
1523 square feet
4 of 5
Second Floor
Lots: 8,11, 26, 28
First Floor
Lots: 9, 12, 25, 29
Low/Mod
Two Story side of Duplex
1519 square feet
Low/Mod
Single Story Side of Duplex
973 square feet
FOUTSHOMES.COM |
530.759.9000
| EMAIL: [email protected]
Application Page 5 of 7
CITY OF DAVI S
Grande Village LOW/MODERATE Affordable Ownership Housing
Formal applications due February 17, 2017 – 5:00pm
Two Bedroom Home
Price: $261,937
One Story | 973 Sq. Ft. | 2 Bedroom, 1 Bath, 1 Car Garage
Household Size
1
2
3
4
5
Maximum Gross
Annual Income
Qualifier
$43,050
$49,200
$55,350
$61,500
$66,450
Three Bedroom Home
Price: $437,884
Two Story | 1,519 Sq. Ft. | 3 Bedroom, 2.5 Bath, 2 Car Garage
Household Size
1
2
3
4
5
Maximum Gross
Annual Income
Qualifier
$64,600
$73,850
$83,050
$92,300
$99,700
Asset Limit
Households purchasing in this program cannot have net assets (not including retirement accounts) at or
above $250,000. Households cannot own another unit, unless its sale will close escrow prior to close of
escrow on this affordable unit and the net assets of the households are still under the $250,000 threshold.
Prices
The prices for these units can range from a price set based on a household income of 80% of Yolo County
Area Median Income to a price set based on a household income of 120% of Yolo County Area Median
Income, but the average price must be affordable to a household with an income at 100% of Yolo County
Area Median Income.
For more detailed information on the other AMI percentages go to the city of Davis affordable housing website:
http://cityofdavis.org/city-hall/city-manager-s-office/housing-and-grants-management/affordable-housing-program/ownership
Mix of Units
A mix of two and three bedroom units shall be provided within this requirement, with a minimum of half of
the low/moderate affordable ownership units provided as three bedroom units.
Restrictions
• All owners must occupy the unit as their primary residence for the entire period of ownership, unless
granted a temporary exemption by the City.
• The appreciation of the unit is restricted to a maximum of 3.75%, compounded annually and
prorated daily.
• The unit will have a Right of First Refusal recorded to the unit that allows the City of Davis or its
designee to have first opportunity to purchase the unit upon its resale.
For more details, go to the city of Davis affordable housing website:
www.cityofdavis.org/residents/affordable-housing-program
Application Page 6 of 7
APPLICANT (S) INITIAL
DATE
CITY OF DAVI S
Grande Village MIDDLE INCOME Affordable Ownership Housing
Formal applications due February 17, 2017 – 5:00pm
Three Bedroom Home – One Story
Price: $508,881
One Story | 1,523 Sq. Ft. | 3 Bedroom, 2 Bath, 2 Car Garage
Three Bedroom Home – Two Story
Price: $508,881
Two Story | 1,631 Sq. Ft. | 3 Bedroom, 2.5 Bath, 2 Car Garage
Household Size
1
2
3
4
5
Maximum Gross
Annual Income
Qualifier
$75,390
$86,100
$96,880
$107,660
$116,273
Asset Limit
Households purchasing in this program cannot have net assets (not including retirement accounts) at or
above $300,000. Households cannot own another unit, unless its sale will close escrow prior to close of
escrow on this affordable unit and the net assets of the households are still under the $300,000 threshold.
Prices
Middle income units shall be provided with the lowest price based on a household income of 120% of Yolo
County Area Median Income and the highest price based on a household income of 180% of Yolo County
Area Median Income. The average price must be affordable to a household with an income at 140% of Yolo
County Area Median Income. Prices are adjusted based on any project HOA fees or special property taxes.
For more detailed information on the other AMI percentages go to the city of Davis affordable housing website:
http://cityofdavis.org/city-hall/city-manager-s-office/housing-and-grants-management/affordable-housing-program/ownership
Mix of Units
Three-bedroom middle income units are being provided within this subdivision. These units will have
characteristics different from the low-moderate units.
Restrictions
• All owners must occupy the unit as their primary residence for the entire period of ownership, unless
granted a temporary exemption by the City.
• The appreciation of the unit is restricted to a maximum of 5%, compounded annually and
prorated daily.
• The unit will have a Right of First Refusal recorded to the unit that allows the City of Davis or its
designee to have first opportunity to purchase the unit upon its resale.
For more details, go to the city of Davis affordable housing website:
www.cityofdavis.org/residents/affordable-housing-program
Application Page 7 of 7
APPLICANT (S) INITIAL
DATE