Application period for affordable homeownership opportunity at SoMi—now open
The application period to enter a lottery for an opportunity to purchase one of 13 income-restricted, below-market-rate homes at SoMi, a new residential development in South Hayward by Homes Built for America, is now open.
There are three three-bedroom condominiums and 10 two-bedroom condominiums available for sale to qualifying moderate- or lower-income buyers. In Alameda County, moderate income ranges from a gross maximum annual income of $130,800 for a one-person household to $201,800 for a five-person household.
Two orientations hosted by HouseKeys, Inc., the below-market-rate housing administrator for Homes Built for America, will be held in April at the Downtown Hayward Public Library in the Fremont Bank Room. Prospective buyers can sign up here.
Applications for the SoMi below-market-rate (BMR) lottery will be accepted until 5 p.m. May 8, and the lottery drawing is scheduled to take place May 20.
For more information—including additional information about the project and how to apply to the lottery—go online here or contact HouseKeys, Inc at programs@housekeys.org or 1-877-460-KEYS.