SOMI BY HOMES BUILT FOR AMERICA

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

• 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

Information & Announcements

No first-time homebuyer requirement for all drawings

APPLYING FOR A CITY PREFERENCE HAS CHANGED. PLEASE SEE EXHIBIT e FOR INSTRUCTIONS.

Drawing Status:

• OD 557 - Open on a First-File, First-Served Basis

• OD 694 - Open (Lottery Drawing)

• OD 695 - Open (Lottery Drawing)

HOA Covers:

• Butterfly Virtual Doorman

• Package Lockers

• Elevator

• Community Lounge & Roof Decks

• Over 1.2 Acres of Outdoor

• Recreational Space

• Dog Park

Program Documents & Disclosures

Resale Restriction, Excess Sales Proceeds Note, and Deed of Trust

This program requires you to sign a Restriction Agreement

with a 55-year 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.

City Preferences

Applicants must select the City Preferences by the Drawing Entry deadline and submit proof they meet them by the File Submission Deadline. The Final Ranking number is subject to change after preferences are verified. Applicants cannot adjust their City Preference Tiers/Points after the Drawing Entry Deadline. Preference Tiers/Point adjustments or corrections by the applicant after the Drawing Entry Deadline will not be considered. The Preference will be invalidated if supporting documents are not submitted on time or if insufficient proof is submitted.

For Tier 1: Please see Exhibit E - City Preferences SoMi for instructions.

For Tier 2: Please see Exhibit E - City Preferences SoMi for instructions. You must also verify that your address of residence AND/OR your work address is within the City of Hayward city limits by looking up your address on the GIS Hayward web map.

 To do this:

1.      Click on the URL https://webmap.hayward-ca.gov/

2.      Enter your current residence or work address in the “Search By Address” field in the format indicated, then click “Find”.

3.      Scroll down the page until you see the line that says “Jurisdiction”. This line must say “City of Hayward”.

4.      Print the page as proof of verification and upload it to your account.

Program Documents: Resale Restriction, Excess Sales Proceeds Note, and Deed of Trust

• Resale Restriction Agreement

• Deed of Trust

• Promissory Note

RESOURCES

• Learning Library

• How-to and Informational Videos

• How to get started and prepare a file

• Register for HUD Approved 1st Time Homebuyer course

• Housekeys Application Form

• Complete (Full) File Document Checklist

• Lender List and Forms: Click Here

PLEASE NOTE: Viewings are done by appointment only and must be coordinated and confirmed through Housekeys staff.