AFH Cover sheet - Fouts Homes

1949 5th Street, Suite107 | Davis, CA 95616 | foutshomes.com | OFFICE 530.759.9000 | CELL 916.802.8044 | FAX 530.759.9085

AFFORDABLE HOUSING PROGRAM APPLICATION

Deadline:

Febrary 17, 2017 – 5:00pm

http://foutshomes.com/grande-village/

(EnglishVersion)

Paraayudaenespañol,porfavorcontacteaGeorginaal(916)802-8044

WelcometotheGrandeVillageAffordableHousingProgram

The project developers of Grande Village are pleased to provide a homeownershipopportunityforqualifiedfamiliesatbelowmarketpricesinaccordancewiththeCityofDavis (“City”) Affordable Housing Ordinance (“AHO”). The Grande Village AffordableHousingProgram(“GVAHP”)isanopportunityforincome-qualifiedhouseholdstoapplyfor homeownership. When completed, the attached Grande Village Pre-LotteryApplicationisthefirststepinaprocessthatcouldresultinyoupurchasingandowningahomeinGrandeVillage.TheGVAHP isanequalopportunityaffordableownershipprogramwithin theGrandeVillageproject locatedonGrandeAvenue inDavis,CA. Within thisdevelopment thereare6MiddleIncomesinglefamilyhomesand8Low-ModerateIncomehalf-plexhomes.To see if you qualify and to make an APPLICATION for The Lottery and potentialownership in Grande Village read the information provided in this Grande VillageAffordableHousingapplicationpackage.Whenpurchasingahome,youhavetherighttochooseanylenderandtohaveyourownrepresentatives involved in the transaction (at your sole expense). The projectdeveloper has a Preferred Lender that is very knowledgeable with the GV AHP. APreferredLenderwillworkwithyoutodetermineyourabilitytoqualifyforaloanandqualifyingfortheGVAHP.Thecontactinformationisprovidedforyourconvenience.FirstNorthernBank Tri-CountiesTerriHirst [email protected] [email protected]:530-297-3907 Phone:916-616-1865GeorginaValenciawillassistyou,andprovideyouwithresourceinformationtogetyoustarted.WewelcomeyouandhopeyouapplyforhomeownershipinGrandeVillage.

Regards,

DonFouts,PresidentFoutsHomes


(SpanishVersion)

BienvenidosalProgramadeViviendasAccesiblesGrandeVillage(GrandeVillageAffordableHousingProgram)

LosdesarrolladoresdelproyectoGrandeVillagesecomplacenendarleunaoportunidadalasfamiliasquecalifiquenparahacersepropietariasdeunaviviendapordebajodesuprecio demercado de acuerdo a la norma de vivienda económica (AffordableHousingOrdinance-“AHO”,porsussiglaseninglés)delaCiudaddeDavis(enadelante,“Ciudad”).ElProgramadeViviendasAccesiblesGrandeVillage(GrandeVillageAffordableHousingProgram- “GVAHP”,porsussiglasen inglés)esunaoportunidadpara loshogaresquecalifiquen, de acuerdo a su nivel de ingresos, de hacer una solicitud para hacersepropietarios de una casa. Al completar esta solicitud, la solicitud adjunta para la Pre-loteríadeGrandeVillage(GrandeVillagePre-LotteryApplication)eselprimerpasodeunprocesoquepuederesultarenlacompradeunaviviendaenGrandeVillage.ElGVAHPesunprogramadeoportunidadeseconómicasigualitariasdentrodelproyectoGrande Village situado en Grande Avenue en Davis, California. En este desarrollo seencuentran 6 viviendas de Ingreso Medio para una familia y 8 half-plex de IngresoBajo/Moderado.Para saber si usted califica y para hacer una SOLICITUD para LA LOTERÍA ypotencialmente ser propietario de vivienda en Grande Village visite lea la informaciónproporcionada en el paquete para la solicitud deViviendasEconómicasGrandeVillageGrandeVillage.Alcomprarunacasa,ustedtieneelderechodeelegirasuacreedoryatraerasuspropiosrepresentantespara realizar la transacción (bajo supropio costo). El desarrolladordelproyecto tieneunAcreedorPreferencialquientienegranconocimientodelGVAHP.UnAcreedor Preferencial trabajará con usted para ayudarle a determinar si usted calificapara un préstamo y para saber si usted califica para el GV AHP. Le proporcionamosnuestrainformacióndecontacto,encasodequeustedlarequiera.FirstNorthernBank Tri-CountiesTerriHirst [email protected] [email protected]:530-297-3907 Phone:916-616-1865GeorginaValencia leasistirá,y leproveeráconla informaciónnecesariaparaqueustedempiececonsusolicitud.LedamoslabienvenidayesperamosquerealiceunasolicitudparaconvertirseenpropietariodeunacasaenGrandeVillage.

Saludos,

DonFouts,Presidente FoutsHomes

(EnglishVersion)

GeorginaValencia,Broker,CalBRE#01044277 Paraayudaenespañol,porfavorcontacteaGeorginaal(916)802-8044

AffordableHousingApplicationStepsFoutsHomesisbuildingAffordableHomesinNorthDavis…don’twaitapplynow!TheDeadlineforapplicationsubmittalisFebruary17,20175:00PM.Ifyouhaven’theardthereareatotalof(6)MiddleIncomeHomesand(8)Low/Modhalf-plexhomes.ThesehomeswillbebuiltwiththesamehighqualityexteriorfinishesastheoverallGrandeVillageneighborhood.Thefirsthomesreleasedwillbepricedat$508,881fortheMiddleIncome,andtheLow/Modaffordablehomeswillbepricedat$261,937(2bedroom,1bath)and$437,884(3bedroom,2.5bath).ConstructionwillbeginWinter2016/2017andestimatedmove-insareSummer2017.TopurchaseanAffordableHomethereareincome,asset,householdsizeanddeedrestrictionsthatapply.ViewtheCityofDavisIncomeQualificationsintheapplicationpackage.Ifyouareinterestedinthiswonderfulopportunitypleasefollowthesesteps:Step1–checkincomerequirements–CityofDavisGrandeVillageMiddleIncomeandLowModerateIncomeapplicationpackage.Step2–FilloutacopyoftheattachedPre-LotteryApplication.ThisformmustbecompleteandturnedinbythedeadlineofFebruary17that5:00pm.Step3–Delivertheseven-pagePre-LotteryApplicationto:[email protected]:FoutsHomes19495thStreet,Suite107,Davis,CA95616OrFaxto(530)759-9085.

DeadlineforApplicationSubmittalisFebruary17,2017at5:00pmStep4–ThePreferredLender(s)andFoutsHomeswillreviewyourPre-LotteryApplication.Step5–AllApplicantswillbenotifiedbyFebruary24that5pmoftheirqualificationsandentryintotheLottery.TheLotterywillbeheldonFebruary25th,2017th,10:00amintheparkinglotofFoutsHomes,19495thStreet,#107,Davis,CA95616.Refreshmentswillbeprovided.TheonlyhomeseligiblefortheLotteryarelocatedonGrandeVillagelots2-7(MiddleIncome)andlots8,9,11,12,25,26,28,29(Low/ModIncome).

(SpanishVersion)


PasosparalaSolicituddeViviendaAccesible

FoutsHomesestáconstruyendoViviendasAccesiblesalNortedeDavis…noespere,¡ingresesusolicitud!Lafechalímiteparaingresarunasolicitudesel17defebrerode2017alas5:00PM.Sinohaescuchado,hayuntotalde(6)ViviendasdeIngresoMedioy(8)Bajo/Moderadoviviendashalf-plex.EstasviviendasseránconstruidasconlamismaaltacalidadenlosterminadosexterioresqueelrestodelconjuntohabitacionalGrandeVillage.Losprimerasviviendasquesaldránalaventatendránunpreciode$508,881paralasviviendasdeIngresoMedio,ylasviviendasaccessiblesdeIngresoBajo/Moderadotendránuncostode$261,937(2recámaras,1baño)y$437,884(3recámaras,2.5baños).Laconstruccióncomenzaráenelinvierno2016/2017ylasmudanzasseesperaocurranenlaveranodel2017.Existenrestriccionessobreelingreso,activos,tamañodelafamiliayrestriccionesdelaescrituraqueseaplicanparalacompradeunaViviendaAccesible.ReviselasCalificacionesdeIngresodelaCiudaddeDavisenelpaquetedesolicitud.Siustedestáinteresadoenestamaravillosaoportunidad,porfavorsigalossiguientespasos:Paso1–verifiquelosrequisitossobresuingreso–paquetedesolicitudparaGrandeVillageIngresoMedioeIngresoBajo/ModeradoenlaCiudaddeDavis.Paso2–LleneunacopiadelaSolicitudadjuntaparalaPre-Lotería.Estaformadebesercompletadaeingresadaantesdelafechalímitedel17defebreroalas5:00pm.Paso3–EntreguelaSolicituddelaPre-Loteríaalasiguientedirecciónelectrónica:[email protected],envíeporcorreo(U.S.Mail)oentregueenpersonaaalasiguientedirección:FoutsHomes19495thStreet,Suite107,Davis,CA95616,oenvíeporFaxal(530)759-9085. LafechalímiteparalaEntregadelaSolicitudesel

17defebrerode2017alas5:00pmPaso4–El/LosAcreedor(es)Preferencial(es)yFoutsHomesrevisaránsusolicitudalaPre-Lotería.Paso5–Todoslosparticipantesseránnotificadosantesdel24defebreroalas5pmparasabersicalificanyparalaentradaalaLotería.LaLoteríaserállevadaacaboel25defebrerode2017alas10amenelestacionamientodeFoutsHomes,19495thStreet,#107Davis,CA95616.Seserviránbebidasybocadillosligeros

LasúnicasviviendaselegiblesparalaLoteríasonaquéllaslocalizadasenloslotes2–7(IngresoMedio)deGrandeVillageyloslotes8,9,11,12,25,26,28,29(IngresoBajo/Moderado).

Pre-LotteryApplicationforGrandeVillageCityofDavisAffordableHousingProgram

ApplicationDeadlineFebruary17,2017at5:00pm

FullName ______________________________________________________________________________________________Applicant1 Last First Middle

FullName ______________________________________________________________________________________________Applicant2 Last First Middle

CurrentAddress: ______________________________________________________________________________________________StreetAddress Apartment/Unit#

______________________________________________________________________________________________City Stae ZipCode

PhoneNumber(Applicant1):_____________________________________________PhoneNumber(Applicant2):______________________________

emailaddress(Applicant1):________________________________emailaddress(Applicant2):________________________________

FamilySize: ChildrenUnder18yearsofage:_______________ Adults18yearsofageandolder:__________

Listthegrossannualincomeandassetsforeachperson,age18andoverwhowillliveinthehome.Ifyouneedmorespace,pleaseattachanotherpage.ListallFamilyMembers GrossAnnualIncomefor TotalAssetsforeach SourceofAssets

18yearsandover eachFamilyMember FamilyMember (listsavings,checking,(includeallsourcesofincome (ofanyvalue$1,000 investments,realestate,CD,etc)suchas:childsupport,alimony) orgreater)


ApplicationPage1of7

Pleaseanswerthefollowingquestions:

1.Doesanymemberinthehouseholdhaveanyknownrelationshiptodeveloper/builder,projectconstructionteam,thedesignatedresponsiblepartytocarryouttheLottery(GrandeVillageandCityofDavis),theowner,and/ortheCityofDavisStaff?Yes_____No_____Anyqualifiedpersonsmayapplyregardlessofrelationships.Ifyouansweredyestotheabovequestionpleaseexplaintherelationship:______________________________________________

__________________________________________________________________________________________________________I/wedeclareunderpenaltyofperjurytobetrueandcorrectthatitisour/myexpressintenttooccupythepropertyforwhichweareapplying:

___________________________________________________ __________________________________________________signature(Applicant1) signature(Applicant2)

I/wedeclareunderpenaltyofperjurytobetrueandcorrectthatthisapplicationrepresentstheentirehousehold.Nopersonsofthehouseholdareapplyingseperately.

___________________________________________________ __________________________________________________signature(Applicant1) signature(Applicant2)

PleaseCheckOneofTheseStatements:

IworkforDavisJointUnifiedSchoolDistrict:___________________IDoNotWorkforDavisJointUnifiedSchoolDistrict:_____ProofofEmploymentwiththeDavisJointUnifiedSchoolDistrictwillberequired.

FormoreinformationcallFoutsHomesat(530)759-9000Emailtheapplicationto:[email protected]:FoutsHomes,19495thStreet,Davis,CA95616

Fax:(530)759-9085

ApplicationDeadlineisFebruary17,2017at5:00PM

ThisApplicationistodeterminequalificationfortheGrandeVillageLotteryfortheCityofDavisAffordableHousingProgramForInternalUseOnly:

DJUSDEmployee______ LocalWorkforce(4tickets)_______ Seniors(2tickets)_______

GeneralPublic(1ticket)______ PersonW/Disabilities(2tickets)_______


ApplicationPage2of7


ApplicationPage3of7

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/owntheproperty.___Co-signers,investorsandmultipleapplicationsinafamilyareprohibited.LotteryTicketCategory:Pleaseindicatebycheckingoneormoreboxesbelowifanymembersofyourhouseholdmatchthedescribedclassifications.___NomembersofmyhouseholdworkinDavis,haveadisability,orare62yearsofageorolder.___Amemberofthehouseholdbelongstothe“LocalWorkforce”.Theapplicantisrequiredtoprovidewrittendocumentationfromtheemployer,whichspecifiestheemployer,theemployee’sposition,termofemployment,averagehoursworked,andprimaryphysicallocationoftheworkplace.Therequirementisthatanemployeehasworkedanaverageofatleast30hoursperweekforatleastthelast6monthsintheDavisPlanningArea.Self-employedapplicantswouldsubmittaxdocumentationandabusinesslicense.___AmemberofthehouseholdhasaDisability.DisabilityrequireswrittenverificationfromaphysicianthatstatesthatanadultmemberofthehouseholdhasaphysicalormentalimpairmentthatlimitsoneormoremajorlifeactivitiesasdefinedintheFairEmploymentandHousingActofCalifornia.___AmemberofthehouseholdisaSenior62yearsofageorolder.Seniorcategoryrequiresacopyofthehouseholdmember’sbirthcertificateorvalidCaliforniaidentificationisacceptabletoverifythattheindividualis62yearsofageorolder.PrimaryContactPerson:________________________________________________________________________________PhoneContact:___________________________________________________________________________________________Email:______________________________________________________________________________________________________I/Wedeclareunderpenaltyofperjurythattheinformationprovidedonthisapplicationistrueandaccuratetothebestofmy/ourknowledge.PrintName Signature(Applicant1)Date_____________________________________________________________________________________________________________________________PrintName Signature(Applicant2)Date

1 2345678

9

10

1213 14 15 16 17 18

11

25 24 23 22 21 20 1926

30 31 32 33 3428 29

39 38 37 36 3541 40

27

Grande Avenue

Florencia Place

Mercedes Court

Mer

cede

s A

venu

e

Bike and walking paths

CommunityGarden

Fies

ta A

venu

e

CovellPark

Jalisco Place

IpanemaPlace

Huerta Place

Bike and walking pathsto Community Park andDavis High School

Bike and walking pathsto North Star pond andplaying fields

NORTH

Del

Oro

Ave

nue

Middle Income LotLow-Moderate Income Lot

NOTES ON LOTS AND HOUSING TYPES

* Market Rate: Custom designed homes to your specifications. Prices vary based on location, home size, fit and finish specifica-tions, detailed interior and exterior design features and finishes.

** Custom Spec: Pre-designed and built home—market rate pricing.

‡ ∆ 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

FOUTSHOMES.COM | 530.759.9000 | EMAIL: [email protected]

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Reserved Lots

Lots 2 thru 7 are Middle Income

Lots 8/9, 11/12, 25/26, 28/29are Low/Moderate

Applicant Initial:__________

Date:___________________

Application Page 4 of 7

Middle Income LotsLow-Moderate Income Lots

SOLD

SOLD

Middle Income Single Story1523 square feet

Middle Income Two Story1631 square feet

Low/Mod Single Story Side of Duplex973 square feet

Low/ModTwo Story side of Duplex1519 square feet

First FloorSecond Floor

First Floor

Second Floor

Lots: 3, 5, 7 Lots: 2, 4, 6

Lots: 8,11, 26, 28 Lots: 9, 12, 25, 29

FOUTSHOMES.COM | 530.759.9000 | EMAIL: [email protected]

4 of 5


Asset LimitHouseholds 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.

PricesThe 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.

Mix of UnitsA 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

CITY OF DAVIS

Grande Village LOW/MODERATE Affordable Ownership HousingFormal applications available soon

Household Size 1 2 3 4 5

Maximum GrossAnnual Income $43,050 $49,200 $55,350 $61,500 $66,450Qualifier

Two Bedroom HomePrice: $261,937One Story | 973 Sq. Ft. | 2 Bedroom, 1 Bath, 1 Car Garage


Maximum GrossAnnual Income $64,600 $73,850 $83,050 $92,300 $99,700Qualifier

Three Bedroom HomePrice: $437,884Two Story | 1,519 Sq. Ft. | 3 Bedroom, 2.5 Bath, 2 Car Garage

APPLICANT (S) INITIAL DATE



Asset LimitHouseholds 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.

PricesMiddle 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.

Mix of UnitsThree-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

CITY OF DAVIS

Grande Village MIDDLE INCOME Affordable Ownership HousingFormal applications available soon


Maximum GrossAnnual Income $75,390 $86,100 $96,880 $107,660 $116,273 Qualifier

Three Bedroom Home – Two StoryPrice: $508,881Two Story | 1,631 Sq. Ft. | 3 Bedroom, 2.5 Bath, 2 Car Garage

Three Bedroom Home – One StoryPrice: $508,881One Story | 1,523 Sq. Ft. | 3 Bedroom, 2 Bath, 2 Car Garage

APPLICANT (S) INITIAL DATE



Documents

AFH Cover sheet - Fouts Homes