Offered at: $464,999
Habitat is working with Geoffrey Holton & Associates as the project architect.
The development will include detached single-family homes with living area of approximately 1,687 sq.ft. 4 bedrooms, 3 full baths, +3,000 sq.ft. lots. Each home includes a 2 car attached garage.
Habitat plans to construct 20 new single-lot affordable homes. These homes will transform a stalled development project into a
mixed-income community that will be an asset to the surrounding area.
Site & Location:
The site consists of 20 finished home lots on Pacheco Boulevard. The site is located in a hillside area approximately one mile northwest of the intersection of Interstate 680 and Highway 4.
Requirements & How to apply:
APPLICATION FOR HOMEOWNERSHIP
Habitat for Humanity East Bay/Silicon Valley, Inc. is now accepting applications from persons interested in purchasing a home in its Muir Ridge Development located near Martinez, California.
For information on the below market rate homes at the Muir Ridge Development, please contact Jon Wood or Holly Sibley at
Buyers will enter into a Resale Restriction that restricts future sales and refinancing of the property to another homeowner at or below 120% Area Median Income. Restrictions will be in place for 10 years.
Interested applicants must submit an application as part of an offer on the home. ONLY ONE APPLICATION PER HOUSEHOLD WILL BE ACCEPTED.
GUIDELINES TO BE QUALIFIED TO PURCHASE ONE OF THE HABITAT HOMES:
The home must be purchased as an owner-occupied residence.
Buyer must meet the annual household income limits as shown in the table below.
Buyer’s first loan must not exceed 96.5% of the purchase price.
Buyer’s monthly payments, including the first loan, should not exceed 43% of the gross income. Habitat will consider extenuating circumstances and the first lender’s requirements.