Resale at 203 Sunkist Way

INFORMATION & ANNOUNCEMENTS

3/13/2025 This drawing now accepts applications on a First Come First Serve basis. Please see instructions and details below.

Program Documents & Disclosures

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

This program requires you to sign a Restriction Agreement with a 45-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.

OPPORTUNITY DRAWING #651

3 Bedrooms 2.5 Bathrooms

Price: $790,011

Approx. 1507 Sq Ft

Monthly HOA: $300

Property Designated Income Category: Up to Moderate

Resale Restriction Terms: 45 Years (Review the documents on this page)

Occupancy Standard: Household Minimum Waived, Maximum 7 people. Owners must occupy the home.

Please refer to the ODN (Right) for additional information

Important Deadlines

  • Specific to this drawing, there is no entry deadline or file submission deadline.

  • Applicants will be reviewed on a First-File, First-Served basis. Please refer to the Opportunity Drawing Notice for further details. Applicants who opted out can submit to participate as a First File First Serve by following the process.

RESOURCES

Property Location

Please do not disturb the owners. See Open House Details. After the open house, viewings are by appointment only for final candidates.

 

Historical Information

No Longer Applies to this Drawing

City Preferences

Note: The Final Ranking number is subject to change after preferences are verified. Applicants cannot adjust their City Preference Tiers after the Drawing Entry Deadline. Preference Tier adjustments or corrections by the applicant after the Drawing Entry Deadline will not be considered.