FUsion by Homes built for america
AnnouncementS
drawing results have BEEN posted!
Program Documents
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.
Updated Documents Coming Soon!
Program Documents: (Deed Restrictions, Agreements, Promissory Note, and Deeds of Trust) Click here to access & review them to ensure this program is for you.
OPPORTUNITY DRAWING #592
(6 Units) 3 Bedrooms / 2.5 Bathrooms
Approx. 1761 Sq Ft
Restricted Sales Price: $491,578
Monthly HOA: $424
Property Designated AMI: 120% - Up to Moderate
Occupancy Standard: No minimum or maximum
Solar Costs: Included in Purchase Price
Resale Restriction Terms: In Perpetuity (Review the documents)
Please refer to the ODN (Right) for additional information
Important Deadlines
Drawing Entry Deadline: 7/2/2024 5pm
Submission of Minimum Documents Deadline: 7/2/2024 5:00 pm
Ranking results will be published approx. 7/16/24
Full File Submission Deadline: 7/25/24 by 5:00 PM - this deadline applies to Batch #1: Final Ranking # 1-14. We will continue to move down the ranked list until all buyers are identified, please prepare. See Opportunity Drawing Notice for more details.
