Understanding the Affordable Home Buying Process

INITiAL TASKS

Please review the Opportunity Drawing Notification for specific deadlines AND instructions for the unit you are applying for. The information below is for the program in general.

1. Watch the Introduction Videos on this page and the Mandatory Orientation Webinar. If one is not available, sign up for one under the Events tab. All applicants and co-applicants must complete this.

2. All applicants and co-applicants must individually take the quiz with a passing score

3. Carefully review the Application Guide and Program Restriction Documents (on this page)

4. Contact a Loan Officer registered with Housekeys and obtain a pre-approval (List is on the Downloads Tab)

5. Feeling lost? Attend an FAQ Session. To register click HERE

6. Register your Household’s Profile at https://www.myhousekeys.com/ to obtain an Application ID for the Program. Update your profiles BEFORE entering any drawing.

7. All applicants and co-applicants must individually attend an online HUD approved First Time Home Buyer Education Class and provide a certificate of completion

8. Get familiar with the application forms and document checklist https://www.housekeys.org/buyerfile/ Start organizing your documents and be ready to submit them by the file submission deadline on the Opportunity Drawing Notice you are interested in.

9. Review the Opportunity Drawing Notice (ODN). It contains important information such as property information, qualification and eligibility criteria, deadlines, file submission instructions and the File Request deadline. The ODN also serves as the official File Request.

10. Use your Application ID to enter drawings at https://www.myhousekeys.com/

Note: This is a quick list and partial instructions; other requirements and processes apply.

Disclaimer: HouseKeys Orientation ZOOM Webinars provide general information only and may be subject to change at any time without notice. HouseKeys Orientation ZOOM Webinars do not constitute financial advice. You should obtain independent advice before making any financial decisions. HouseKeys Inc. does not give any warranty or representation as to the accuracy, reliability or completeness of the information. To the extent permitted by law, HouseKeys Inc. and its employees, shall not be liable for any loss or damage arising in any way (including by way of negligence) from or in connection with any information provided or omitted or from any one acting or refraining to act in reliance on this information.

introduction videos & Quiz

These 8 short videos will help you understand how affordable housing works, key terminology, and the affordable home buying process. We encourage you to “Take the Quiz” to confirm that you understand the concepts and the process. In addition to the videos please review the Campbell’s Orientation slides by clicking HERE and the Resale Restriction Agreement on this page which limits the resale value for a 45 year term and requires the home to be owner occupied. Please check the “Events” tab above to find the registration link for the next mandatory Ownership Orientation Webinar.

Myhousekeys

MyHouseKeys is our web-based software platform created to help you manage your program relationships, find housing opportunities, and navigate the application process. You start by registering your household profile.

profile Registration Process

When you click on the button to “Register Your Profile, you’ll begin with a quick sign up form that asks:  Name, Number of Household Members, Total Household Income, and Zip Code.  After you enter and confirm your email address, you will start a Registration Wizard that will have you complete a series of forms.  You may want to set aside an hour to complete all of the online forms. These forms include:

1. Admin Profile - this is the basic information and address for the primary applicant.

2. Member Profiles - all other household members who will be occupying the housing unit

3. Income Profile - you’ll identify the type of income that you earn, information about your employer, and your employment details

4. Household Preference - this form details any special criteria that your household may meet that would allow you to receive preferential treatment among other applicants.

5. Household Demographics - this is an optional form that allows us to track our Fair Housing statistics

At the end of the process, you’ll get to a page called the Household Overview. This page summarizes all of the information you entered and gives you a chance to review before finalizing.

City of Campbell Below Market Rate Documents

The buyers will be required to sign these legal agreements. Please review them carefully while you wait for an opportunity so you are ready to sign them should you be selected as a buyer. The documents found here are drafts. The final documents that the buyers will sign will be prepared with their personal information, purchase price, address, etc. Some developments may be required to use different documents.

• Occupancy, Resale, and Refinancing Restriction Agreement, with Option to Purchase at Restricted Price

• Promissory Note (Excess Sales Proceeds, Excess Rents, Advances)

• Deed of Trust and Security Agreement - City of Campbell Inclusionary Affordable Housing Production Program

Towne 38 City of Campbell Below Market Rate Documents

The documents may vary depending on the income designation for each unit.

• Occupancy, Resale, and Refinancing Restriction Agreement, With Option To Purchase At Restricted Price (Low and Moderate Income at Towne 38)

• Promissory Note - Excess Sales Proceeds, Excess Rents, Advances (Low and Moderate Income at Towne 38)

• Deed of Trust and Security Agreement City of Campbell Inclusionary Affordable Housing Production Program (Low and Moderate Income at Towne 38)

• Occupancy, Resale, and Refinancing Restriction Agreement, With Option To Purchase At Restricted Price (Very Low Income at Towne 38)

• Deed of Trust and Security Agreement City of Campbell Inclusionary Affordable Housing Production Program (Very Low Income at Towne 38)

PROGRAM GUIDES

Application Guide

As an applicant, you must complete the steps to create a household profile, obtain an Application I.D. and enter Drawings for the housing opportunity you want. Each housing opportunity is given an Opportunity ID. If you are chosen in the Drawing, then you will submit a full file to be processed and underwritten and the rules are outlined in this guide.

Participation Guide

Once you are a homeowner, you sign a 45-year Restriction Agreement that details what you are allowed to do with the home. While the Restriction Agreement on this site is the latest version, there have been many different versions used over the past decades. The Participation Guide walks through some of the rules on refinancing, re-selling the home, and transfers for inheritance. Please keep in mind that your signed Restriction Agreement is the governing document that ultimately determines what you’re allowed to do.

Note: For updated Opportunity Drawing information and to enter one, you must use the www.myhousekeys.com website.

HISTORICAL INFORMATION

Drawing/Lottery Opportunity Information

Campbell Home Buyer Lottery 1.0

UPDATE:  No one with preference "1" applied to purchase this property. The Property was re-released in Home Buyer Opportunity 1.1 to Preferences 2, 3 and "0".  An eligible buyer was found on 12/15/16. - property has been SOLD -

PROPERTY ADDRESS: 128 English Rose Circle

Lot: 10

City Preference: 1      

BMR Price: $534,776      Monthly HOA: $150.00

Monthly Homeowners Insurance: Approximately $148.00

Bedroom and Bath Count: 4 bedroom, 2.5 bathroom    Property Type: PUD

Development: Palomar

Property AMI (Area Median Income): 120 % AMI

Deed Restriction Term: 45 years

City of Campbell Down Payment Assistance: NONE

Good Faith Deposit due at contract: 1% of purchase price

Open House: Not Available

Date Lottery Notification Email Blast:   October 12, 2016   

Deadline to Enter Lottery: October 18, 2016 11:00PM (submissions after this date and time are void)

Lottery Date:  October 19, 2016

Campbell Home Buyer Opportunity 1.1

List of applicants (click on the words)

UPDATE:  An eligible buyer was found on 12/15/16.  The property was SOLD.

PROPERTY ADDRESS: 128 English Rose Circle

Lot: 10

City Preferences: 2, 3 and Zero        

BMR Price: $534,776      Monthly HOA: $150.00

Monthly Homeowners Insurance: Approximately $148.00

Bedroom and Bath Count: 4 bedroom, 2.5 bathroom    Property Type: PUD

Development: Palomar

Property AMI (Area Median Income): 120 % AMI

Deed Restriction Term: 45 years

City of Campbell Down Payment Assistance: NONE

Good Faith Deposit due at contract: 1% of purchase price

Open House: Not Available

Date Home Buyer Opportunity Notification Email Blast:   November 22, 2016   

Deadline to submit Home Buyer Opportunity Submission Form: December 1, 2016 3:00PM (submissions after this date and time are void)

Lottery Date:  No Lottery – First Come First Served and sorted by preference ranking

Campbell Home Buyer Lottery 2.0

Lottery 2.0 results (Click on the words)

UPDATE: An eligible applicant was identified to purchase Lot 16. the rest of the applicants that submitted for this lottery were not eligibleto purchase Lots 8 and 14. The remaining properties were re-released in Home Buyer Opportunity 2.1. 

Development: Madison

City Preference: 2, 3 and Zero  

PROPERTY INFORMATION:

Lot 8  -   606 Sunsweet Way/ Plan 1 - Bedroom Size 3 - Bathroom Count 3

Lot 14 -  614 Sunsweet Way/ Plan 1 - Bedroom Size 3 - Bathroom Count 3   

Lot 16 -  618 Sunsweet Way/ Plan 2 - Bedroom Size 4 - Bathroom Count 3 ½  - SOLD      

Price per home: $495,000

Property Type: Townhomes

HOA (monthly): $283.00

Property Area Median Income: 120%

Homeowners HO6 insurance: $40.00

Deed Restriction Term: 45 years

City of Campbell Down Payment Assistance: NONE

Good Faith Deposit due at contract: 1% of purchase price

Open House:  not available

Date Lottery Notification Email Blast:   October 18, 2016

Deadline to Enter Lottery: October 24, 2016 11:00PM (submissions after this date and time are void)

Lottery Date:  October 25, 2016

Campbell Home Buyer Opportunity 2.1

List of applicants (click on the words)

update: We found eligible applicants for lots 8 and 14. They are no longer available.

Development: Madison

Preference: 2, 3 and Zero

PROPERTY INFORMATION:

Lot 8  -  606 Sunsweet Way/ Plan 1 - Bedroom Size 3 - Bathroom Count 3

Lot 14 - 614 Sunsweet Way/ Plan 1 - Bedroom Size 3 - Bathroom Count 3 -              

Price per home: $495,000

Property Type: Townhomes

HOA (monthly): $283.00

Property Area Median Income: 120%

Homeowners HO6 insurance: $40.00

Deed Restriction Term: 45 years

City of Campbell Down Payment Assistance: NONE

Good Faith Deposit due at contract: 1% of purchase price

Open House:  not available

Date Lottery Notification Email Blast:   November 22, 2016

Deadline to submit Home Buyer Opportunity Submission Form: December 1, 2016 3:00PM (submissions after this date and time are void)

Lottery Date:  No Lottery – First Come First Served and sorted by Preference ranking

Campbell Home Buyer Lottery 3.0

lottery 3.0 results (click on the words)

Update: we found the eligible buyers for lot 18.

Development: Madison

Preference: 2 and 3 (and no preference)

PROPERTY INFORMATION:

Lot 18    151 Lottie Lane, Campbell CA.   Building 9/ Plan 2   Bedroom Size 4 – Bathroom Count 3 ½ 

 Price per home: $264,600

Property Type: Townhomes

HOA (monthly): $310.73

Property Area Median Income: 80% (LOW)

Homeowners HO6 insurance: $40.00

Deed Restriction Term: 45 Years

City of Campbell Down Payment Assistance: NONE

Good Faith Deposit due at contract: 1% of purchase price

Open House:  not available (participates are more than welcome to visit Sale Office)

For information about the property contact: Alyssa or Carolyn @ 408-761-9219

Date Lottery Notification Email Blast:   April 07, 2017

Deadline to Enter Lottery:  April 13, 2017 11:00PM (submissions after this date and time are void)

Lottery Date:  April 14, 2017 – The results will be posted on the HouseKeys Website by April 19, 2017

Campbell Home Buyer Lottery 4.0
LOTTERY 4.0  RESULTS (CLICK HERE)

Update: we found the eligible buyers for lot 32 and 36.

Development: Madison

Preference: 2 and 3 (and no preference)

PROPERTY INFORMATION:

Lot 32   132 Lottie Lane, Campbell, CA - Building 6 / Plan 2    Bedroom Size 4   SOLD      

Lot 38   120 Lottie Lane, Campbell, CA - Building 9 / Plan 2    Bedroom Size 4

Price per home: $495,000

Property Type: Townhomes

HOA (monthly): $310.73

Homeowners HO6 insurance: $40.00

Deed Restriction Term: 45 Years

City of Campbell Down Payment Assistance: NONE

Good Faith Deposit due at contract: 1% of purchase price

Open House:  not available (participates are more than welcome to visit Sale Office: 476 Sam Cava Lane, Campbell, 95008)

For information about the properties contact: Alyssa or Carolyn @ 408-761-9219

Date Lottery Notification Email Blast:   April 13, 2017

Deadline to Enter Lottery:  April 20, 2017 11:00PM (submissions after this date and time are void)

Lottery Date:   Friday, April 21, 2017 – The results will be posted on the HouseKeys Website by April 25, 2017

Campbell Home Buyer Lottery 5.0
LOTTERY 5.0 ( CLICK HERE)

UPDATE: June 27, 2017 we found the eligible buyers for 2-1-Own-opp-2017-08, 2-1-own-opp-2017-09, and 2-1-own-opp-2017-10 thank youto all applicants that applied.

Please go to the Ownership Opportunities tab for more information.

Development: Madison

Preference: 2 and 3 (household with no preference may still apply)

PROPERTY INFORMATION:

2-1-Own-Opp-2017-08 Lot: 61    508 Wayfarer Way, Campbell, CA -    Building 10 / Plan 1 (Flora) - 3 bedroom/ 3bath

2-1-Own-Opp-2017-09 Lot: 70    429 Robin Ridge Way, Campbell, CA – Building 10 / Plan 1 (Flora) - 3 bedroom/ 3bath

2-1-Own-Opp-2017-10 Lot:  75   108 Lottie Lane, Campbell, CA – Building 11 / Plan 2 (Wayfarer) - 4 bedroom/ 3bath

Price per home: $495,000

Property Type: Townhomes

HOA (monthly): $311.00

Property Area Median Income: 120 % (Moderate)

Homeowners HO6 insurance approximately: $40.00

Deed Restriction Term: 45 Years

City of Campbell Down Payment Assistance: NONE

Good Faith Deposit due at contract: 1% of purchase price due at time of contract.

Open House: To see the open house schedule and photos of a BMR Sample home please go to http://www.housekeys2.com/  Sale Office: 476 Sam Cava Lane, Campbell, 95008

Contact:  Christina Enriquez @ 408-684-8788

Date Lottery Notification Email Blast: May 23, 2017  

Deadline to Enter Lottery: Monday, May 29, 2017 11:00PM (submissions after this date and time are void)

Lottery Date: Wednesday, May 31, 2017 – The results will be posted on the HouseKeys Website by June 02, 2017

Campbell Home Buyer Lottery 6.0 Re-Sale Opportunity
LOTTERY 6.0 ( CLICK HERE)

UPDATE:  October 05, 2017, Thank you to all who applied for this Opportunity but we have found the eligible buyers for lot 17

Opportunity # 2-1-Own-Opp-2017-16

Development: Maravilla Townhomes

Preference:  1, 2, 3, 0

PROPERTY INFORMATION: 15 Maravilla Court, Campbell, CA 95008

Lot: 17      2 Bedroom – 2 Bathroom

Price per home: $562,851

Property Type: Townhome

HOA (monthly): $ 260.00

Property Area Median Income: 120%

Homeowners HO6 insurance: $40.00

Deed Restriction Term: 45 Years

City of Campbell Down Payment Assistance: up to $94,000

Good Faith Deposit due at contract: 1% of purchase price

Open House:  Sunday, August 27, 2017 11:00 – 1:00 PM & Tuesday, August 29, 2017 4:30 – 6:30 PM

Contact:  Marian Sacco - (408) 218-7733 or Christina Enriquez - (408) 684-8788

Date Lottery Notification Email Blast: Thursday, September 07, 2017

Deadline to Enter Lottery: Thursday, September 14, 2017 11:00PM (submission after this date and time are void)

Lottery Date:  Monday, September 18, 2017 – The results will be posted on the HouseKeys Website by 09/20/ 2017

Property Deadline:  Monday, October 02, 2017

Lottery Submission Form- https://housekeys.formstack.com/forms/campbell_lottetry_4_submission_form_040517

Campbell Home Buyer Lottery 7.0  

 Lottery 7.0 (Click Here) updated 11.29.17

UPDATE: 12/19/2017- The eligible buyer has been identified. Thank you to all who applied for this Opportunity.

Buyer Selection Process: All Opportunity 7.0 Submission Forms received by November 26, 2017 at 11:00 pm will be entered in a Lottery and issued Priority Numbers. City Preferences and Priority Numbers will be used to determine the order in which applicants will have the opportunity to apply for the home. Anyone that submits after November 26, 2017 11:00pm will be added to the end of the list based date and time stamp on the Opportunity 7.0 Submission Forms.  

Opportunity # 2-1-Own-Opp-2017-12

Development:   Madison Townhomes   

Preference: 1,2,3 and 0

PROPERTY INFORMATION:  202 Sunkist Way -  3 Bedroom - Lot 98, Flora Floorplan, Plan 1

Price per home: $266,000

Property Type: Townhomes

HOA (monthly): $ $311

Property Area Median Income:  80%

Homeowners HO6 insurance: $40.00

Deed Restriction Term: 45 Years

City of Campbell Down Payment Assistance: NONE

Good Faith Deposit due at contract: 1% of purchase price

Contact:  Marian Sacco 408-218-7733/ Christina Enriquez 408-684-8788

Deadline to Enter Lottery (using this form): Sunday, November 26, 2017 by 11:00PM (submissions after this date and time will be added to end of the list) 

 NEW! Deadline to Submit Physical Application Package (must be received by HouseKeys by this date): Monday, December 04, 2017 BY 12:00PM noon (All the Forms can be found on our website and submission instructions will be emailed to you after submitting this form. If you do not receive the email, please contact us right away at programs@housekeys.org) 
 
Lottery Date: Monday, November 27, 2017 – The results will be posted at http://www.housekeys2.com/buyer/    by November 28, 2017 or soon after
 
 Lottery Submission Form-https://housekeys.formstack.com/forms/campbell_lottery_7_submission_form

Campbell Home Buyer Lottery 8.0 (4 Houses)   

 lottery 8.0 (click here) Updated 11.29.17

Update 5/10/2018: All four eligible buyers have been identified. This Opportunity is closed and no longer available. 

Update: 01/16/2018 - WE HAVE FOUND ELIGIBLE BUYERS FOR THREE (3) OF PROPERTIES. OPPORTUITY #2-1-Own-Opp-2017-11,  2-1-Own-Opp-2017-14 AND 2-1-Own-Opp-2017-15 ARE NO LONGER AVAILABLE. tHANK YOU

Preference: The City of Campbell Employee (1ST) for one unit, Next three units in #8 have 2,3 and 0

Buyer Selection Process: All Opportunity 8.0 Submission Forms received by November 26, 2017 at 11:00 pm will be entered in a Lottery and issued Priority Numbers. City Preferences* and Priority Numbers will be used to determine the order in which applicants will have the opportunity to apply for the home. Anyone that submits after November 26, 2017 11:00pm will be added to the end of the list based date and time stamp on the Opportunity 8.0 Submission Forms. 

*Only one (1) of the four (4) units is set aside for Preference 1, after it’s sold, any City Employee still left in the pool of applicants will be processed as a Preference #3 category (work in Campbell) unless the applicant also lives in Campbell and can obtain Preference #2. This selection process pertains to anyone that submits this form before 11/26/2017 by 11pm. 

Development:   Madison Townhomes  
Opportunity # 2-1-Own-Opp-2017-11
PROPERTY INFORMATION:  203 Sunkist Way - 3 Bedroom - Lot 101, Flora Floorplan, Plan 1

Opportunity # 2-1-Own-Opp-2017-13
PROPERTY INFORMATION:  408 Robin Ridge Way - 4 Bedroom -  Lot 83, Wayfarer Floorplan, Plan 2   

Opportunity # 2-1-Own-Opp-2017-14
PROPERTY INFORMATION: 302 Honeydew Way   - 4 Bedroom - Lot 92, Wayfarer Floorplan, Plan 2

Opportunity # 2-1-Own-Opp-2017-15
PROPERTY INFORMATION: 303 Honeydew Way - 4 Bedroom - Lot 95, Wayfarer Floorplan, Plan 2

Price per home: $536,800

Property Type: Townhomes

HOA (monthly):  $311

Property Area Median Income:  120%

Homeowners HO6 insurance: $40.00

Deed Restriction Term: 45 Years

City of Campbell Down Payment Assistance: NONE

Good Faith Deposit due at contract: 1% of purchase price

Open House:  N/A

Contact:  Marian Sacco 408-218-7733/ Christina Enriquez 408-684-8788

Date Lottery Notification Email Blast:  Saturday, November 18, 2017

Deadline to Enter Lottery:  Sunday, November 26, 2017 by 11:00PM (submissions after this date and time will be added to end of the list)

Lottery Date:  Monday, November 27, 2017 – The results will be posted on the HouseKeys Website by 11/28/ 2017   
 

NEW! Deadline to Submit Physical Application Package (must be received by HouseKeys by this date): Monday, December 04, 2017 BY 12:00PM noon (All the Forms can be found on our website and submission instructions will be emailed to you after submitting this form. If you do not receive the email, please contact us right away at programs@housekeys.org)

Property Deadline:  Thursday, December 18, 2017

Lottery Submission Form: https://housekeys.formstack.com/forms/campbell_lottery_8_submission_form

Campbell Home Buyer Opportunity Drawing 9.0

dRAWING 9.0 rESULTS cLICK here

Update: 8/29/18 - An eligible buyer has been selected.

Update 6/26/18 - We are accepting applications on a first come first serve basis.  In some cases, an exception to the minimum occupancy standard may be made where no other qualified buyer can be approved within 30-days of holding the lottery. The lottery was held April 10, 2018. 

Development: Maravilla Townhomes

Preferences: 1, 2, 3 and 0

DEADLINE and Opportunity Drawing Method: All Opportunity 9.0 Submission Forms received by April 8, 2018 by 11:00 pm will be entered in a Lottery and issued Priority Numbers. City Preferences and Priority Numbers will be used to determine the order in which applicants will have the opportunity to apply for the home. Anyone that submits after April 8, 2018 11:00pm will be added to the end of the list based date and time stamp on the Opportunity Drawing 9.0 Submission Forms. 

First preference is the top preference in this Opportunity Drawing. If you meet more than one preference, select the best one. Substantial evidence will be requested during the process. Only applicants and co-applicants who will be listed on title as owners can apply for consideration for a “Preference”. If you don’t meet a preference, you may still apply.

Property Information

Address: 21 Maravilla Court Campbell CA - Opportunity #2-1-Own-Opp-2018-17

Price: $562,851.00

Property Type: Townhome

Size: 2 Bedroom and 2.5 Bathroom

HOA (monthly): $260.00

Property Area Median Income: Up to 120%

Homeowners HO6 insurance: $40.00

Deed Restriction Term: 45 Years

City of Campbell Down Payment Assistance (DAP): Up to $94,000.00 (1% Simple Interest, 30 year deferred, $1,250.00 origination fees)

 8/2/18 Added:  City of Campbell Down Payment Assistance (DAP): Up to $200,000 (0% Simple Interest, 45 year deferred, $1,250.00 origination fees)

Good Faith Deposit due at contract: 1% of purchase price

Total Estimated Cash to Close : Please speak to your loan officer.  The BMR program requires at least 3%

Monthly Estimated Payment: wo/DAP $3,839.02 or with/ DAP $3,319.95*

*your monthly payment can vary depending on the amount of DAP assistance you qualify for AND other factors. HouseKeys will decide how much DAP an applicant qualifies for. We recommend you speak to your loan officer.
Open House: 

Thursday April 5, 4-5:30 PM,

Sunday April 8, 11-1 PM and

Thursday April 12, 4-5:30PM

PLEASE DO NOT DISTURB THE OWNERS

Contact:  Marian Sacco 408-218-7733, marian@housekeys.org, Ca BRE#01939186

Date Opportunity Drawing Notification Email Blast:  March 21, 2018

Deadline to Enter Opportunity Drawing:  April 8, 2018 by 11:00PM (submission after this date will be added to the end of the list)

Drawing:  Lottery will be held 4/10/18 – The results will be posted on the HouseKeys Website by 4/12/18

Lottery Submission Form:   To apply  CLICK HERE