SOMI BY HOMES BUILT FOR AMERICA
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PLEASE NOTE: Viewings are done by appointment only and must be coordinated and confirmed through Housekeys staff.
COMMUNITY HIGHLIGHTS
2 and 3 Bedroom Single-Level Condo Units
Sales Price Ranges: $421,183 to $473,509
Centrally Located in Hayward
Easy Access to South Hayward BART
Solar Powered, Smart Home Living
Butterfly Virtual Doorman
Package Lockers
Community Lounge & Roof Decks
Over 1.2 Acres of Outdoor Recreational Space
Dog Park
HOA Covers:
Butterfly Virtual Doorman
Package Lockers
Elevator
Community Lounge & Roof Decks
Over 1.2 Acres of Outdoor
Recreational Space
Dog Park
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Resale Restriction, Excess Sales Proceeds Note, and Deed of Trust
This program requires you to sign a Restriction Agreement with an in-perpetuity term
Understanding the intricacies of the program documents is crucial when considering participation in a housing program. Deed restrictions, agreements, promissory notes, and deeds of trust are all legal instruments that can significantly impact the rights and obligations of property owners. For instance, deed restrictions can limit how a property is used, who you can sell it to, refinancing, and upgrading the home, and it requires the owner to occupy the home. It also sets conditions for its future sale, which includes a cap on the resale value and/or an equity share, depending on the program. Similarly, a promissory note is a binding promise to repay a loan and/or excess sales proceeds (the difference between the home's fair market value and the maximum restricted resale price), and a deed of trust secures the promissory note by placing a lien on the property. Click below to access & review the documents to ensure this program is for you. You can hire an attorney to help you understand the Program Documents you’ll sign and promise to abide by.
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City Preferences do not apply to SoMi
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Applicants will be processed by entry date and time stamp. Please log in to your account at www.myhousekeys.com to find your ranking number. If you apply after the entry deadline you may not be issued one; however, you may still be processed if you have homes left to sell and you uploaded your supporting documents as requested.
Opportunity drawing #849
Building A:
2 Bedrooms - 10 Units / Sales Price: $421,183 / HOA: $688.15 / Sq. Ft. 1124
3 Bedrooms - 2 Units / Sales Price: $473,509 / HOA: $688.15 / Sq. Ft. 1407
Building B:
3 Bedrooms - 1 Unit / Sales Price: $448,164 / HOA: $719 / Sq. Ft. 1407
All Units Designated for Moderate Income
Solar: Included in purchase price
Parking Maintenance Monthly Fee Requirement Estimated: $45.32
All units come with only one carport space.
Single-level living and a full-appliance suite, including a washer and dryer
Minimum Occupancy: None; however, the owners listed as owners must occupy the home
The program has no maximum occupancy; owners must comply with the building code.
Closing Cost Assistance may be offered to buyers on a first-come, first-served basis, if available.
Resale Restriction Terms: In Perpetuity
No City Preferences, ranked by entry date and timestamp.
Important Deadlines
All deadlines are Standard Pacific Time by 5:00 PM
Deadline to enter the drawing: 5 PM on 11/17/2026
File Submission Deadline: 5 PM on 12/1/2026 (or sooner).
Applicants will be accepted and reviewed on a first-come, first-served basis in order of drawing entry date and time.
Estimated minimum household income:
2 Bed: $122,500
3 Bed: $130,00 (lower price)
3 Bed: $135,00 (higher price)
Estimated Cost Breakdown
Interest and payments may change; speak to your Loan Officer. Also, check with the County Tax Assessor for additional taxes that may not be reflected here.
RESOURCES
Register for HUD Approved 1st Time Homebuyer course
Lender List and Forms: Click Here
