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Affordable

Housing
Opportunities

RE: Affordable Ownership Housing Programs in Pleasanton


This resource packet is intended to provide information to persons seeking opportunities for affordable
home ownership in Pleasanton. The following items are included in the packet:
1)
2)
3)
4)
5)
6)
7)
8)

Affordable Home Ownership Opportunities


Pleasanton Residential Projects (a summary of currently active residential projects in Pleasanton)
Sample Guidelines for Pleasanton Homeownership Assistance Program (PHAP) Homes
City of Pleasanton Down Payment Assistance (DPA) Program
Tri-Valley Housing Opportunity Center (TVHOC)
Mortgage Credit Certificate (MCC) Program
Housing Rehabilitation Program
Affordable Housing Contacts in Other Tri-Valley Cities

The first item listed above includes a table describing the affordable ownership housing developments in
which the City of Pleasanton has been involved to date. While the affordable homes that have already
been built through these programs are sold and occupied, most programs include restrictions which limit
the sales price when homes are resold. You may wish to monitor resale activity in these areas by
working with a realtor or by contacting the City's Housing Division (925-931-5007). In addition, the
City works closely with the Tri-Valley Housing Opportunity Center (TVHOC) on the sale of new
below-market prices homes and the resale of existing homes. The TVHOC can be reached directly at
925-373-3130 (www.tvhoc.org).
Similar information on below-market ownership housing opportunities can be found at the City of
Pleasanton's Internet web site at www.ci.pleasanton.ca.us/community/housing (click on "Affordable
Housing Developments and Programs" at the upper left-hand corner of that page).
The City will continue to work with current and future developers to implement new affordable
ownership housing programs. Please feel free to contact me at 925-931-5007 (or via email at
serickson@ci.pleasanton.ca.us) for an update on any new programs or if you have any questions
concerning the information included in this packet.

Scott Erickson
Housing Specialist

07/10

P.O. Box 520, Pleasanton, CA 94566-0802


City Manager
(925) 931-5002
Fax: 931-5482

City Attorney
(925) 931-5015
Fax: 931-5482

123 Main Street


Economic Development
(925) 931-5038
Fax: 931-5476

City Clerk
(925) 931-5027
Fax: 931-5488

Affordable Home
Ownership Opportunities

123 Main St., P.O. Box 520, Pleasanton, CA 94566-0802


Housing Division (tel. 925-931-5007; fax 925-931-5485)

Local Market Housing Costs


Pleasanton is located in an area of high housing costs typical of the San Francisco Bay Area.
Recent data on house sales compiled by Bay East Association of Realtors indicate that the
median sales price for single-family homes in Pleasanton is approximately $840,000 in
September 2013, while the median price for condominiums is $440,500. Trends in sales and
median prices for the past several years are shown in the following table:
Pleasanton House Sales Prices
Reprinted with permission of the Bay East Association of Realtors, December 2013 (www.bayeast.org)

Detached Homes
Year

# Sales

Median
(Year End)

Attached Homes
# Sales

Median
(Year End)

2013
(as of Sept.)

474

$840,000

165

$440,500

2012

651

$826,600

193

$377,000

2011

568

$689,000

166

$233,500

In addition to sales of existing homes, there are usually new home developments under
construction in Pleasanton. Sales prices for new homes in the area generally start at near
$1,000,000, although custom homes and larger production homes on large lots are significantly
more expensive. Information on new home developments in Pleasanton can be obtained through
the local newspapers or in new home publications.
Pleasanton Home Ownership Assistance Program (PHAP)
Since 1992, the City has had a program to assist first-time home buyers in overcoming the
obstacle of high local housing costs to be able to purchase homes in Pleasanton. The affordable
homes, part of new subdivisions, have been achieved through negotiation and collaboration
between the City and various home builders. To date, these efforts have resulted in the
development of over 120 affordable homes in ten separate developments. The homes have
included a variety of housing types which have been sold based on several different programs at
below-market prices ranging from the low-$100,000's to the low-$200,000's.
The purchase of these affordable homes has generally been restricted to owner-occupant, firsttime home buyers. The homes have been designed to be affordable to households at varying
income levels ranging from 50% to 120% of the Area Median Income (AMI). The most recent
projects have been targeted at 80% of the AMI (approximately $71,350 maximum annual income
for a household of four persons in 2013). The programs that have been completed to date or are
currently under development are listed in the table on the next page.

Development/Developer
(Location)

Palomino Place / Callahan Property Co.


(Palomino Dr. / Bernal Ave.)
California Somerset / Kaufman & Broad
2
(3100-3300 W. Las Positas Blvd.)
Rotary Commons / City & Pls. No. Rotary
3
(Palomino Dr. / Concord Wy.)
California Reflections / Kaufman & Broad
4
(Stanley Blvd. / Reflections Dr.)
Sycamore Place / Greystone Homes
5
(Rheem Dr. / Katie Ln.)
Town Square / Kaufman & Broad
6
(Ray St. / Vineyard Ave.)
Nolan Farms / SummerHill Development
7
(Fair St. / Rose Ave.)
Walnut Hills / KB Home
8
(Bernal Ave. / I-680 east side)
Canyon Oaks / KB Home
9
(Bernal Ave. / I-680 east side)
Carlton Oaks / Greenbriar Homes
10
(Bernal Ave. / I-680 west side)
Birch Terrace / Silverstone Communities
11
(Vineyard Ave. / Birch Terrace Dr.)
1

Year
Built

1992
1993
1994
1994
1994
1998
2000
20022003
20032004
20042005
20072008

Housing
Type

Townhomes
(24 total)
Duet Homes
(152 total)
Townhomes
(7 total)
Single Family
(108 total)
Single Family
(36 total)
Single Family
(30 total)
Single Family
(36 total)
Duet Homes
(121 total)
Duet Homes
(128 total)
Duet Homes
(113 total)
Townhomes
(45 total)

Aff.
Homes

4
26
7
16
6
3
5
20
26
10
7

Sq.Ft./
Bedrooms

Initial
Sales Price

Maximum
Household Income

1,400
120% of median
$176,000
(2 BR)
($107,050 in 2013)
1,450
$142,000 95% of median
(3 BR)
$145,000 ($84,750 in 2013)
1,212 (2BR)
$99,900
80% of median
1,443 (3BR) $124,400 ($71,350 in 2013)
1,074
120% of median
$219,000
(3 BR)
($107,050 in 2013)
944
120% of median
$179,000
(2 BR)
($107,050 in 2013)
1,270
100% of median
$200,000
(3 BR)
($89,200 in 2013)
1,250
50% of median
$130,000
(3 BR)
($46,150 in 2013)
1,300
80% of median
$199,000
(3 BR)
($71,350 in 2013)
1,300
80% of median
$199,000
(3 BR)
($71,350 in 2013)
1,300
80% of median
$199,000
(3 BR)
($71,350 in 2013)
1,280 (2BR) $205,000
80% / 120%
1,850 (3BR) $310,000
of median

Resale
Restrictions?

Yes
Yes
Yes
No
Yes
Yes
Yes
Yes
Yes
Yes
Yes

Due to competition for the affordable homes, eligible buyers are typically selected through a
lottery system, with priority going to Pleasanton residents and employees. In some cases,
second mortgages have been offered by the City or through other sources to bridge the gap
between a minimum down payment and the amount of the primary loan so that buyers can
qualify to purchase the homes. Additional assistance has sometimes been available through the
Mortgage Credit Certificate (MCC) program, in which eligible home buyers can receive a credit
on their annual taxes to be applied to lower their monthly housing payment. To ensure continued
affordability over time, most PHAP homes include restrictions controlling the maximum sales
price and maximum income of subsequent buyers when the homes are resold.
As listed in the preceding table, the City most recently coordinated the sale of seven belowmarket priced townhomes in the Birch Terrace development on Vineyard Avenue. The last of
these homes was sold in 2008. We do not have anything available for application at this time.
However, the City continues to work with developers of new housing projects in order to make
available new below-market priced homes. In addition, the City is involved periodically with the
resale of existing PHAP homes. Information on upcoming developments with affordable home
ownership opportunities can be obtained by from the Citys Housing Division (925-931-5007) or
the Tri-Valley Housing Opportunity Center (925-373-3130; www.tvhoc.org).
Housing Finance Programs
In addition to the second mortgage loans described above, the City has a Down Payment
Assistance (DPA) loan program to promote home ownership in Pleasanton. The DPA program
currently provides loans up to $20,000 for low and moderate income households to purchase
existing homes in Pleasanton. The guidelines and application for the DPA program can be
obtained on our web site at www.ci.pleasanton.ca.us/community/housing or by contacting the
Citys Housing Division at 925-931-5007. [Note that the DPA program is subject to the
availability of funds.]
12/13

NOTES:
It is illegal for any housing provider to discriminate on the basis of age, sex, race, physical handicap, marital status,
sexual preference, or religion. If you have been unlawfully discriminated against, or you have questions about your
rights, contact ECHO Housing at 510-581-9380 or 925-449-7340.

Attached Homes: Pleasanton


Days on Market (DOM) for the Pleasanton area yearto-date is around 15. The median attached home price
in Pleasanton for October was $495,000. As of the last
day of October there were 12 active homes in
Pleasanton. At current selling rates this means there is
approximately 1 month of inventory in Pleasanton
remaining.
Avg DOM

October-13
Active*

30

Sold

Pending

25
20
15
10

Sale/List Price %

25

108%

0
Feb

107%
20
15

106%

100

105%

80

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Days on Market by Year

104%

10

103%

60

102%

40

101%

100%
0

99%
Feb Mar Apr May Jun

Jul

Aug Sep

Oct

20
0

Summary Analysis (Condo/Duet/Townhomes)


Oct 12

23

21

0.4

$327,718

$310,000

$335,834

20

$258

$266

Sale Price/
List Price
Ratio
102.48%

Nov 12

11

20

0.5

$366,145

$367,500

$372,398

22

$283

$289

101.71%

Dec 12

18

14

0.2

$354,271

$377,000

$366,775

10

$278

$288

103.53%

Jan 13

10

11

12

0.8

$402,162

$413,750

$412,458

18

$304

$315

102.56%

Feb 13

22

0.5

$358,400

$365,000

$382,214

13

$280

$300

106.64%

Mar 13

18

24

0.4

$447,431

$500,000

$470,271

12

$312

$329

105.10%

Apr 13

16

16

18

0.9

$487,200

$513,250

$507,417

$327

$341

104.15%

May 13

14

25

19

0.7

$525,764

$460,000

$545,700

23

$309

$325

103.79%

Jun 13

12

28

20

0.5

$450,059

$460,000

$469,035

12

$347

$363

104.22%

Jul 13

19

20

27

0.8

$469,672

$500,000

$486,778

10

$355

$369

103.64%

Aug 13

20

21

20

0.9

$374,224

$403,300

$389,999

11

$332

$346

104.22%

Sep 13

12

17

18

0.6

$472,613

$440,500

$488,061

16

$360

$373

103.27%

Oct 13
Month to
Month
Comparision
Oct 13

12

11

15

0.7

$477,620

$495,000

$486,667

17

$361

$367

Sold

%Change

Avg list

% Change

Median Sale
Price

% Change

Avg Sale
Price

% Change

Avg DOM

% Change

15

-28.57%

$477,620

45.74%

$495,000

59.68%

$486,667

44.91%

17

-15.21%

101.89%
Sale Price/
List Price
Ratio
101.89%

Oct 12

21

50.00%

$327,718

-6.57%

$310,000

-10.79%

$335,834

-2.03%

20

-66.39%

102.48%

Oct 11

14

7.69%

$350,764

0.65%

$347,500

10.32%

$342,786

-0.82%

60

48.33%

97.73%

Active*

Pending

Sold

Months
Supply

Avg List
Price Sold

Median Sale
Price

Avg Sale
Price

Average
DOM

Avg $ Sqft
Listed

Avg $ Sqft
Sold

Months Supply

YTD Sold Summary

Avg DOM

1.0

25

0.9

0.8

20

0.7
0.6

15

0.5

0.4

10

0.3
0.2

0.1
0.0

Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sep Oct

Range
< 100k
$100k-299k
$300k-399k
$400k-499k
$500k-599k
$600k-699k
$700k-799k
$800k-899k
$900k-999k
$1m - 1.5m
$1.5m +
Totals:

2013
# listings

2012
# listings

2011
# listings

2010
# listings

2009
# listings

0
16
49
48
47
20
8
0
0
2
0
190

2
79
32
51
17
2
0
0
0
1
0
184

0
67
31
34
18
3
0
0
0
0
0
153

0
56
22
43
20
6
0
0
0
1
0
148

0
36
33
38
17
5
0
0
0
1
0
130

*as of the last day of the month at 11:59 pm PST **reflects change from 2005

2013, Bay East Association of REALTORS. Reprinted by permission.


Information deemed accurate but not guaranteed.

Market Analysis: Pleasanton


Days on Market (DOM) for the Pleasanton area yearto-date is around 27. The median detached home
price in Pleasanton for October was $862,500. As of
the last day of October there were 66 active homes in
Pleasanton. At current selling rates this means there
is approximately 1 month of inventory in Pleasanton
remaining.
Avg DOM

102%

40

35
30

25
20

15
10

5
0

Feb Mar Apr May Jun

Jul

Aug Sep

Jan

101%

100

100%

80

99%

60

98%

40

97%

20

96%

Oct

Active*

90
80
70
60
50
40
30
20
10
0

Sale/List Price %

45

October-13

Feb

Mar

Sold

Apr

May

Jun

Pending

Jul

Aug

Sep

Oct

Days on Market by Year

Summary Analysis (Single Family Residential)


Oct 12

58

59

54

0.9

$920,619

$762,500

$902,883

23

$362

$359

Sale Price/
List Price
Ratio
98.07%

Nov 12

45

45

45

0.8

$806,560

$645,000

$776,080

62

$341

$331

96.22%

Dec 12

34

36

44

0.7

$1,095,802

$826,575

$1,043,412

43

$374

$368

95.22%

Jan 13

38

36

33

0.9

$906,442

$712,000

$893,955

34

$373

$370

98.62%

Feb 13

48

38

34

1.2

$1,035,650

$842,500

$1,018,126

41

$374

$374

98.31%

Mar 13

46

65

47

1.1

$993,195

$809,888

$1,003,913

20

$383

$391

101.08%

Active*

Pending

Sold

Months
Supply

Avg List
Price Sold

Median Sale
Price

Avg Sale
Price

Average
DOM

Avg $ Sqft
List

Avg $ Sqft
Sold

Apr 13

66

48

55

1.4

$1,033,177

$830,000

$1,049,744

12

$392

$405

101.60%

May 13

68

81

59

1.2

$1,061,666

$885,000

$1,069,081

14

$396

$406

100.70%

Jun 13

50

67

67

0.8

$1,064,170

$860,000

$1,080,972

16

$405

$416

101.58%

Jul 13

66

68

58

1.0

$1,126,092

$930,000

$1,135,296

16

$412

$420

100.82%

Aug 13

75

69

74

1.1

$997,273

$860,250

$995,994

23

$409

$413

99.87%

Sep 13

75

55

47

1.2

$1,107,241

$840,000

$1,102,350

19

$417

$420

99.56%

Oct 13
Month to
Month
Comparision
Oct 13

66

55

54

1.1

$935,691

$862,500

$927,743

26

$408

$406

Sold

% Change

Median Sale
Price

% Change

Avg Sale
Price

% Change

Avg DOM

% Change

Oct 12
Oct 11

%Change

Avg list

54

0.00%

$935,691

1.64%

$862,500

13.11%

$927,743

2.75%

26

10.06%

99.15%
Sale Price/
List Price
Ratio
99.15%

54

28.57%

$920,619

22.52%

$762,500

18.77%

$902,883

24.00%

23

-45.63%

98.07%

42

-4.55%

$751,418

-25.18%

$642,000

-13.24%

$728,110

-21.87%

43

-5.24%

96.90%

Months Supply

YTD Sold Summary

Avg DOM

1.6

70

1.4

60

1.2

50

1.0

40

0.8

30

0.6
0.4

20

0.2

10

0.0

0
Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sep Oct

Range
< 300k
$300k-399k
$400k-499k
$500k-599k
$600k-699k
$700k-799k
$800k-899k
$900k-999k
$1m-1.5m
$1.5m-2.0m
$2m +
Totals:

2013
# listings

2012
# listings

0
2
6
37
65
119
90
52
97
54
35
557

4
9
34
86
132
105
56
30
95
34
12
597

2011
2010
# listings # listings

3
7
35
78
107
84
44
34
82
27
7
508

4
7
19
72
105
85
49
36
89
29
15
510

2009
# listings

1
3
28
86
107
64
35
24
61
27
12
448

*as of the last day of the month at 11:59 pm PST **reflects change from 2005
2013, Bay East Association of REALTORS. Reprinted by permission.
Information deemed accurate but not guaranteed.

Pleasanton Residential Projects


(a summary of currently active residential projects in Pleasanton;
source: City of Pleasanton Planning Department, tel. 925-931-5600)

Last Updated: 1/14/2013 by RKR

Pleasanton Planning Division


P.O. Box 520 Pleasanton, CA 94566
Phone: 925-931-5600 Fax: 925-931-5483

PLEASANTON RESIDENTIAL
PROJECTS
as of January 1, 2013
Map Development Name/Dev Address
ID Developer/Telephone

PreExisting
Units

Bldg.
Permits
Issued

Bldg.
Permits
Finaled

Units/ Acre

DP

Project Progress
TM GM FM U/C

Acreage

Unit Type

Total
Units

2.71

MSF

1.10

06

TR 6951

55.4

LSF

12

0.20

00

Rosalind Rondash 925-931-5607

0.1503

TR 6618

198

14 LSF, 23
MSF, 62 SSF

99

97

97

0.50

91

Staff

PUD-85-09

0.1214

941-1201-015-02

2.54

Asst. Liv.

132

51.97

85

na

na

PUD-3

0.1830

PM 7620

77.5

LSF

0.09

01

PUD-98-1

0.1747

TR 6275

7.68

LSF

0.78

98

Marion Pavan 925-931-5610

PUD-72

0.1985

TR 7952
094 -0155-006-00
094 -0155-007-00

0.5

SSF

12.00

08

Rosalind Rondash 925-931-5607

PUD-85-15

0.1236

TR 5945, 6033

262

LSF

86

85

85

0.30

85

PUD-17/
PMS-29

0.1892

PM 8293

13.5

LSF

1.00

03

Project #

Ordinance #

PUD-44

0.1939

PUD-99-03

0.1805

PUD-90-19

Tract/Parcel Map
Number

Staff Planner

Approved Projects
2

Barbara Young / 11249 Dublin Canyon Rd


Kolb Ranch Estates/orig. 11393 Dublin Canyon Rd

Moller Ranch / Moller Ranch Dr. @ Foothill Rd.

Jenny Soo 925-931-5615

Sunrise Senior Living / 5700 Pleasanton Hill

Robin Giffin 925-931-5612

Fuller/Frades/ 4120 Foothill Rd

Equus Heights/Equus Court


Dong Yu

Raney / 4693 & 4715 Augustine St.

Golden Eagle Farm / North of Castlewood


(Custom & Large Lot)

11

Oak Tree Farm --Phase 3


Currin 925-462-3740

12

Oak Tree Acres/ Foothill @ Verona

PUD-92-05

0.1566

TR 5708

9.84

LSF

0.90

92

Staff

13

Serenity Terrace / 1073 Happy Valley Rd

PUD-99-07

0.1795

7162

46.3

LSF

12

1.30

99

Jenny Soo 925-5615

14

Mariposa Ranch/Callippe Preserve

PUD-98-16

.1795
.1915 (design

TR 7372

345.8

LSF

37

19

18

0.10

99

Marion Pavan 925-931-5610

Marion Pavan 925-931-5610

Steve Otto 925-931-5608

Staff

Jenny Soo 925-931-5615

guidelines)

15

Carriage Gardens / Amber Ln, Brianne Ct

RZ-79-12

0.902

TR 4372

35.9

LSF

49

48

48

1.40

79

16

Thompson / 6140 Kavala Ct


(orig 6240 Sunol Blvd)

PUD-90-21

0.1510

949 000200102

0.98

MSF

3.10

91

18

Bach/Lamb / 446 Sycamore Road

PUD-42

0.1914

PM-8735

1.84

LSF

2.17

05

Marion Pavan 925-931-5610

24

Hafker / 530 Sycamore Road

PUD-96-04-1M

0.1909

PM 9559

1.29

LSF

2.33

Rosalind Rondash 925-931-5607

25

Heritage Oaks Estates / 306 Neal Street


Connolly

PUD-85-21

0.1243

TR 5699 & PM 5835

2.4

MSF

3.80

86

27

Beratlis Place / 10 Beratlis Place

PUD-91-14

0.1547

TR 5904

8.82

LSF

15

1.90

92

Marion Pavan 925-931-5610

28

Hatsushi/ 2756, 2770 & 2798 Vineyard Ave


Amy Hatsushi 925-525-4710

PUD-99-14

0.1936

TR 7890

15

LSF

14

1.07

06

Marion Pavan 925-931-5610

29

Clara Lane
Michael Aminian 408-691-0442

PUD-56

0.1947

PM 9455

2.45

LSF

0.82

07

na

30

Brians/Miller / (orig. 2562 Vineyard)

PUD-34

0.1907

PM 8214

1.9

LSF

1.05

04

Marion Pavan 925-931-5610

31

McCurdy/Yolanda Ct (formerly 2503 Vineyard)

PUD-01-1M

0.1877

TR 7499 / PM 8153

4.2

LSF

|1 demo|

0.70

03

Marion Pavan 925-931-5610

Staff

Jenny Soo 925-931-5615

Marion Pavan 925-931-5610

Map Development Name/Dev Address


ID Developer/Telephone
32

Apperson Ridge/Silver Oaks Estates (Berlogar)


2200 Vineyard Ave
Frank Berlogar (925) 484-8200

Project #

Ordinance #

PUD-5

0.1832

Unit Type

Total
Units

PreExisting
Units

Bldg.
Permits
Issued

Bldg.
Permits
Finaled

Units/ Acre

DP

8.02

LSF

0.30

01

TR 7660
(946 -1350-015-08)

20

LSF

10

0.30

01

946 135001504
PM 9776

20

LSF

0.10

08

na

63.14

LSF

19

0.30

01

1303

mixed

850

845

843

0.66

91

Tract/Parcel Map
Number

Acreage

TR 7399

Project Progress
TM GM FM U/C

Staff Planner
Jenny Soo 925-931-5615

34

Apperson Ridge (Chrisman)


1944 Vineyard Ave
Northstar Construction (925) 766-1099

35

Sarich / 5 Tuscany Pl (orig. 1630 Vineyard Ave)

36

Avignon (Lin) / 1689 Vineyard Ave

38

Ruby Hill
Signature Properties 925-463-1122

PUD-93-2-1M

0.1551

40

Selway/ Cameron Ave Development

PUD-50-01M

0.2025

946 4574006
946 4574007
TR 7721

19.47

LSF

31

1.59

11

41

Lauer/ 2221 Martin Dr.

PUD-97-16

0.1735

PM 7263

5.1

LSF

1.20

98

42

Continuing Life Communities at Staples Ranch


650-234-1319

PUD-68

0.2007

TR-8020

45

630 Sr Apt
107 Asst Liv

747

414

15.30

12

43

Austin / 3459 Old Foothill Rd


Charles and Scott Austin

PUD-58

0.1942

TR 7813

30.41

LSF

1.00

06

44

Felton / 471 St. Mary Street

PMS-57

na

PM 8964

0.64

SSF

0.32

06

na

Steve Otto 925-931-5608

45

Oak Ridge Estates (formerly 1680 Vineyard Ave)


Greg Reznick / Threehand LP

PUD-54

0.1938

TR 7815

20.19

LSF

| 1 demo |

0.35

06

Steve Otto 925-931-5608

46

Angela Rowhouses - 225 W. Angela


Mike Carey & Steve Maestas

PUD-55

0.1963

TR 7940

0.24

TH

1 and
| 2 demo|

0.05

07

Natalie Amos 925-931-5613

47

Yee / 4100 Foothill Rd

PUD-87-19-3M

0.2003

941 -2100-006

29.8

LSF

0.13

10

Marion Pavan 925-931-5610

48

Scherbarth (orig. Pietronave) / 2500 Vineyard Ave

PUD-60

0.1949

946 460600200

2.62

LSF

|1 demo|

0.87

07

Staff

49

Windstar Communities (BART Property) /


6110 Stoneridge Mall Road

PUD-62

0.1983

941 120107107

6.9

Apts

350

50.72

08

na

Steve Otto 925-931-5608

53

4238 First Street LLC


Mike Carey

PUD-64

0.1971

094 -0095-027

0.31

SSF

16.13

08

Natalie Amos 925-931-5613

55

Dutra / 1053 Happy Valley Road

PUD-77

0.1990

949 -0019-002-00

11.65

LSF

|1 demo|

0.43

09

Jenny Soo 925-931-5615

56

Mederios Gardens / 3835 Vineyard Aven.


Michael Aminian

PUD-71

0.1975

946 -1699-078-00

0.88

TH

10

|1 demo|

11.36

08

Jenny Soo 925-931-5615

59

The Village at Ironwood


Ponderosa Homes 925-460-8900

PUD-74

0.1987

946-4594-006-00

23.1

3 LSF, 81 SSF
& 26 MSF (all
senior)

110

70

60

4.80

09

61

Jennaro Property (3727 Mohr Ave)

PUD-83-12

0.1128

946 457401102

4.96

LSF

1.21

84

63

Pls Estates/Victoria Meadows (1 vacant lot)

PUD-88-03

0.1359

TR 5908

15

LSF

42

41

41

2.80

91

Rosalind Rondash 925-931-5607

PUD-82-10

0.1077

LSF

28

27

27

0.58

83

Staff

PUD-88-16

0.1831

LSF

89

Staff

PUD-82

0.2021

946 168911, 16, 17, 18,


19

1.17

SSF

13

|1 demo|

11.1

11

PUD-50-02M

---

946-4625-004-00

n/a

SDU

n/a

n/a

65

Grey Eagle (1 vacant lot)

66

Hempy
Bethal Lane

69

Donato Builders Inc.


4171 / 4189 Stanely Blvd.
David DiDonato (925) 245 0694

73

Selway Second Living unit

PUD-32

0.1974

PUD-6
PUD-06-06m

0.1834
0.8112

946 135001310
TR 6554, 6553, 6452,
6647, 6744, 6743, 6539,
6555, 6769, 6841, 6995,
6842, 6804, 6805, 6896,
7158, 7156, 6843, 7014

TR 5188
PM 6261

47

Jenny Soo 925-931-5615

Steve Otto 925-931-5608

Marion Pavan 925-931-5610

Rosalind Rondash 925-931-5607

Marion Pavan 925-931-5610

Marion Pavan 925-931-5610

Robin Giffin 925-931-5612

Marion Pavan 925-931-5610

Staff

n/a

n/a

Steve Otto 925-931-5608

Marion Pavan 925-931-5610

n/a

Marion Pavan 925-931-5610

Map Development Name/Dev Address


ID Developer/Telephone

Project #

Ordinance #

Tract/Parcel Map
Number

Acreage

Unit Type

Total
Units

PreExisting
Units

Bldg.
Permits
Issued

Bldg.
Permits
Finaled

Units/ Acre

DP

Project Progress
TM GM FM U/C

Staff Planner

71

BRE Properties/WP Carey


(Gibralter & Haciend Dr)

PUD-85-08-12D

0.2035

941 277801300

8.4

APTS

255

30.00

12

Natalie Amos 925-931-5613

72

BRE Properties (no address)

PUD-81-30-86D

0.2036

941 277801100

8.1

APTS

251

30.00

12

Natalie Amos 925-931-5613

Proposed Projects (not yet approved)


20

Lund Ranch II
Greenbriar Homes 925-469-2670
Measures PP/QQ

PUD-25

948 001500104

193.86

LSF, SSF,
Duets

50

0.26

Marion Pavan 925-931-5610

52

418 Rose Ave. LLC

PUD-63

094 0153001

0.26

TH

19.23

Natalie Amos 925-931-5613

54

Altieri - 1851 Rose Avenue


Yvonee Hornbeck

PUD-66

946 347900100

9.02

LSF

14

|1 demo|

1.55

Jenny Soo 925-931-5615

949 001900300

6.13

SSF

0.43

Natalie Amos 925-931-5613

would replace
PUD-97-21

948 001600215

3.33

LSF

1.50

Jenny Soo 925-931-5616

PUD-84

946 6135002503

37.4

LSF

0.05

Jenny Soo 925-931-5615

PUD-88
(P12-0577
Annex)

949 001500102

10.14

LSF

5.07

Rosalind Rondash 925-931-5607

PUD-75 /
PSPA-3/
PGPA-4
PUD-53

58

Wentworth (Heartwood Communities) / 1157 Happy


Valley Road

60

Bringhurst / 990 Sycamore Rd

68

88 Silver Oaks Ct

74

Balch, 6010 Alisal Road

75

Nearon Site- Anton Hacienda Appartments/ St. Anton


Partners
5729 West Las Positas Blvd.

PUD-95

941 276401500

5.6

APTS

168

30.00

Rosalind Rondash 925-931-5607

76

Danville School Street Investors, LLC


Sycamore Road (vacant lot)

PUD-93

948 001700704

2.23

LSF

1.67

Jenny Soo 925-931-5615

77

Roselyn Estates II

PUD-94

946 461001400

3.71

LSF

1.89

Jenny Soo 925-931-5615

78

Auf der Maur/Richenbach


3150 Bernal Ave

PUD-87

946 454204503

16

APTS

345

30.00

Shweta Bonn 925-931-5611

79

The Residences at CA Center


4400-4460 Rosewood Drive
Mark English 415-262-2089

PUD-85-08-1D4M

941 278001600
941 278001700
941 278001901

8.4

APTS

305

36.3

Steve Otto 925-931-5608

Recently Finished Projects


1

22
23
39

Oak Hill Estates / (orig 11115 Dublin Canyon Rd)


Vacant lot
Completed 2012
Roselyn Lane Estates/1635 & 1777 Rose Avenue
Lynden Homes 925-743-8482
Completed 2012
LaChance / 4723 & 4729 Fair St
Completed 2011
Ironwood
Ponderosa Homes 925-460-8900
Completed 2011

50

Harvey - 221 Neal Street


Completed 2012

67

Civic Square LLC.


4800 Bernal Ave.
Completed 2011

PUD-98-08

0.1781

TR 7045

64

LSF

0.10

99

Steve Otto 925-931-5608

PUD-38

0.1932

TR 7534

4.19

LSF

11

| 3 demo|

2.63

06

Rosalind Rondash 925-931-5607

PUD-28

0.1905

PM 8487

0.29

MSF, SSF

---

6.70

05

09

Steve Otto 925-931-5608

PUD-18

0.1866

TR 7381, 7429, 7430,


7431, 7432, 7433

92.51

78 LSF, 97
MSF, 16 Duets

191

---

189

3.95

02

Steve Otto 925-931-5608

PDR-740

na

PM 8223

0.5

LSF

2.00

11

Natalie Amos 925-931-5613

PUD-84-21-04M

0.2001

947 0008-001
947 0008-002
947 0008-003
947 0008-004

13.49

Apts

+36

262

---

36

22.00

10

Marion Pavan 925-931-5610

Last Updated: 7/01/2010


1/14/2013by
byRKR
RKR

Pleasanton Planning Division


P.O. Box 520 Pleasanton, CA 94566
Phone: 925-931-5600 Fax: 925-931-5483

PLEASANTON RESIDENTIAL
PROJECTS
as of January 1, 2013

KEY
Project Types:
PMS
PUD
R-1
PREV

Minor Subdivision
Planned Unit Development
Single-Family Zoning District
Preliminary Review

PM Parcel Map
TR Tract/Tentative Map
SP Specific Plan

LSF
MSF
SSF
TH
SDU

Large-Lot Single Family > 10,000 sqft


Medium-Lot Single Family 6500 - 10,000 sqft
Small-Lot Single Family < 6500 sqft
Townhomes
Second Dwelling Unit

Duets
Apts
Sr Apt
Condo
Asst Liv

Attached Single Family


Rental Apartments
Senior Housing Units
Multi-Family Attached Ind. Ownership
Assisted Living & Skilled Nursing Facilities

Project Progress: The following steps are generally required before any new residential project can be built in Pleasanton:

DP

Development Plan Approval. Applications for new residential development first receive some type of City development plan approval, usually a "planned unit
development" PUD-application. This process usually takes several months and involves one or more pub

TM

Tentative Map Approval. Before a developer can construct and sell individual homes, the parcel of land where the project will be built must be subdivided into
individual, legal lots. To accomplish this step, a developer submits an application for tentativ

GM

Growth Management Program Approval. Residential projects must obtain growth management approval. A "Major Project" receives an allocation for a specific
year(s), while a "First-Come, First-Serve Project" obtains building permits on a "first-come, first-se

FM

Final Map Recordation. Following tentative subdivision map approval, the subdivision of land must be made legal through recordation at the Alameda County
Recorder. This administrative process is coordinated through the Engineering Department. After subdiv

U/C

Under Construction. After final subdivision approval, the developer may obtain building permits to begin construction. The building permit process is coordinated
through the City's Building and Safety Division, to which detailed working drawings of the st

Growth Management Allocations


M
F

Major Project
First-Come, First-Served Project

580
49

580

72
42
71

79

1
5

Pleasanton Residential
Projects

41

75

680

73
40

61
66
59

39

47
6

77

78

54

69
22

62

31

44

23

56
63

RESIDENTIAL PROJECT ID
1. Oak Hill Estates
2. Barbara Young
3. Kolb Ranch Estates
4. Moller Ranch
5. Sunrise Senior Living
6. Fuller/Frades
7. Equus Heights
8. Raney
9.Golden Eagle Farm
11. Oak Tree Farm--Phase 3
12. Oak Tree Acres
13. Serenity Terrace
14. Mariposa Ranch/Callippe Preserve
15. Carriage Gardens
16. Thompson
18. Bach/Lamb
20. Lund Ranch II
22. Roselyn Lane
23. LaChance
24. Hafker
25. Heritage Oaks Estates
27. Beratlis Place
28. Hatsushi
29. Clara Lane
30. Brians/Miller
31. McCurdy/Yolanda Ct
32. Apperson Ridge (Berlogar)
34. Apperson Ridge (Chrisman)
35. Sarich
36. Toll Brothers (Lin)
38. Ruby Hill
39. Ironwood
40. Selway/ Cameron Ave Development
41. Lauer
42. Continuing Life Communities at Staples Ranch
43. Austin
44. Felton
45. Oak Ridge Estates/Threehand LP
46. Angela Rowhouses
47. Yee
48. Scherbarth
49. Windstar Communities
50. Harvey
52. 418 Rose Ave LLC
53. 4283 First Street LLC
54. Altieri
55. Dutra
56. Mederios Gardens
58. Wentworth
59. The Village at Ironwood
60. Bringhurst
61. Jennaro
62. Rose Ave
63. Pleasanton Estates/Victoria Meadows
65. Grey Eagle
66. Hempy
67. Civic Square Apartments
68. 88 Silver Oaks Ct
69. Donato
71. BRE Properties/WP Carey
72. BRE Properties
73. Selway Second Living unit
74. Balch, 6010 Alisal Road
75. Nearon Site
76. PUD-93, 362 Sycamore Road
77. Roselyn Estates II
78. Auf der Maur/Richenbach
79. The Residences at CA Center

28

53

52

30 48

32

29
46

34
27

43
8

68

25

50

36
45

67

65

35

680

18
76

20

16

60

9
24
74
15

38

55
12

58

14

13

11

1,750 3,500
Feet

7,000

Project Status
Approved Project
Proposed Project

84

Recently Completed Project


Pleasanton City Limit
\\Pleasgis_data\GIS_Data\Planning\Projects\ResidentialProjects\Residential_Project_2013.mxd Created 02/06/2013 Revised 02/26/2013 - ww

Sample Guidelines for the


Pleasanton Homeownership
Assistance Program (PHAP)
The seven (7) townhomes in the Birch Terrace development (the Citys most
recent below-market home ownership opportunity) were completed and
occupied in 2007-2008. There are currently no below-market priced homes
available for application. However, the City continues to work with
developers of new housing projects in order to make available new belowmarket priced homes. The attached guidelines are provided as a sample of
the guidelines and restrictions that will likely apply to similar future belowmarket home ownership programs.

07/10

NOTICE OF FIRST-TIME HOME BUYER


AFFORDABLE HOUSING PROGRAM

BIRCH TERRACE
TOWNHOMES

ON
LY

The City of Pleasanton, in cooperation with Silverstone Communities, is offering for sale seven (7) townhomes for first-time home buyers as
part of the Birch Terrace development at Vineyard Avenue and Birch Creek Drive in southeast Pleasanton. The Birch Terrace development
features a total of 45 housing units. The seven first-time home buyer homes will be attached townhomes with two-story living areas located
above a ground-level two-car garage. Five (5) of the homes will be approximately 1,280 sq. ft. in area with 2 bedrooms and 2 baths. Two (2)
of the homes will be approximately 1,850 sq. ft. in area with 3 bedrooms and 2 baths. The floor plans for both unit types include a two-car
garage located on the ground floor below the living area. There may be a homeowners association to provide for the maintenance of common
areas and front yards. The unit floor plans are attached to this information.
This publication and the related selection process pertain only to seven townhomes being developed by Silverstone Communities in the Birch
Terrace development. If additional below-market priced, first-time home buyer homes become available in the future in other areas of
Pleasanton, they will be offered through a separate publication and selection process.

Must be a first-time homebuyer. First-time homebuyer is a household where not more than one member of the household has had an
ownership interest in residential property. For a single head of household, the homebuyer must not have been a previous sole owner of
property and must not currently have an ownership in property. (Important - See the Eligibility Guidelines for a complete definition.)
The buyer must occupy the home for the duration of ownership.
Must be issued an application number as part of the Citys selection process.
The buyer must enter into a resale restriction agreement with the City which establishes, in part, residency requirements, home
maintenance standards and restricts the resale price and process for the resale of the homes. The resale restrictions include a formula that
establishes a resale price of the home based on increases or decreases in the Area Median Income as determined by the U.S. Dept. of
Housing and Urban Development (HUD) rather than fluctuations in the housing market.
The buyer's annual household income at the time of application and at close of escrow must not exceed the applicable percentage of the
current Area Median Income (AMI) based on the applicable household size, as defined below (effective March 2007):

SA

M
PL
E

The sales price of the five 2-bedroom townhomes will be $205,000 and will be sold to low income households with incomes that do not exceed
80% of the Area Median Income (AMI) for Alameda County. The sales price of the two 3-bedroom townhomes will be $310,000 and will be sold
to moderate income households with incomes that do not exceed 120% of the AMI. The City will not provide any direct financing, and buyers
must qualify independently for mortgage financing to purchase the homes. However, buyers may (but are not required to) apply separately for
second mortgage assistance through the Citys Down Payment Assistance (DPA) program. A summary of the DPA program is attached to this
information. To qualify to purchase one of these townhomes, the buyer must meet the following requirements as detailed in the attached Birch
Terrace Townhomes Affordable Housing Program Eligibility Guidelines. A summary of the guidelines follows:

Qualification and Home Allocation Process


To be considered for a home, interested parties must submit a completed Birch Terrace Townhomes Eligibility Preapplication to the Tri-Valley
Housing Opportunity Center (TVHOC) at 20-A South L Street, Livermore, CA 94550, by no later than Friday, July 27, 2007, at 4:00pm (close
of business). Preapplications received after this date and time will not be considered, even if postmarked earlier. Faxed applications will not be
accepted. A household may submit only one Preapplication. The submittal of more than one Preapplication or the submittal of false information
will result in disqualification from the selection process.

Copies of the Birch Terrace Townhomes Eligibility Preapplication are available during normal business hours at the following locations:

City of Pleasanton web site (www.ci.pleasanton.ca.us; follow the links to Community and then Affordable Housing)
Pleasanton Library, 400 Old Bernal Avenue, Pleasanton, CA (10:00am - 9:00pm, Monday-Thursday; 10:00am - 5:00pm, Friday &
Saturday; 1:00pm - 5:00pm, Sunday; except holidays)
City of Pleasanton, City Clerks Office, 123 Main Street, Pleasanton, CA (8:00am - 5:00pm, Monday-Friday except holidays)

Eligibility and Financing Application

ON
LY

The City will review all Preapplications, and those meeting project qualifications will be entered into a random drawing to determine the numerical
order in which the Eligibility and Financing Applications will be issued. Application numbers will be assigned through a random drawing based
on the Citys preference system. The City will notify all applicants by mail of the results of the selection process within approximately two weeks
following the preapplication deadline. The assignment of application numbers will be based an approved preference system for City-assisted
affordable housing projects. The preference system assigns points based primarily on an applicants residence and employment location, with
higher points allocated to persons who live and/or work in the City of Pleasanton. A random selection process is used to determine ranking
within each point group. The issuance of an application number does not represent an offer to purchase a home. Rather, it represents the order
in which the Eligibility and Financing Applications will be issued. The actual home sale will be based on the ability to meet eligibility guidelines
and to obtain financing within a time frame established by the City. The number of Eligibility and Financing Applications issued will be based on
the number of qualified Preapplicants needed in order to identify qualified buyers. Preapplicants with the lowest application number will be the
first to receive Eligibility and Financing Applications.

M
PL
E

If you receive an Eligibility and Financing Application, you will have seven (7) calendar days to complete and return all required information to the
Citys Program Agent at the Tri-Valley Housing Opportunity Center (TVHOC). As part of the application and qualification process, you will be
required to provide the following: 2004, 2005 and 2006 Federal Income Tax Form 1040 (all schedules) and W-2s for all household members
over the age of 18; proof of all current income received by any member of your household over the age of 18; documentation of all financial
assets as defined in the attached Eligibility Guidelines; quarterly financial/activity statements from your bank, credit union, brokerage accounts,
401K or retirement accounts for the past three (3) months; proof of residency and the time period of residency; and the address where you have
been employed for the past two years. If you are physically disabled you must submit a doctors statement detailing the extent and type of
disability. If you are a single parent and have custody of children, a statement attesting to this situation is also required.
While you should not submit any of the above information until you receive an Eligibility and Financing Application, please start to organize the
material at this time, as failure to provide the required information within the seven-day period will lead to disqualification from the process.
Additional information and submittal requirements will be included with the Eligibility and Financing Application.
Following submittal of the Eligibility and Financing Application, the Citys Program Agent will conduct an eligibility and financial analysis to
determine program and financial eligibility. If you meet the program and financial eligibility criteria, you will receive additional instructions
regarding mortgage loan financing, including qualification for a City second mortgage loan. If you do not meet program guidelines, you will be
advised that your application will no longer be considered. While there are many financing scenarios, a typical situation is included in the
attached Birch Terrace Townhomes Typical Mortgage Financing Scenarios.

SA

Home Availability

Currently, it is anticipated that the homes will be ready for occupancy in phases over a period of several months beginning in September or
October 2007 and ending in spring 2008.
Additional Information

For additional information on this program and the application process, you may leave a message for the Citys Program Agent at the TVHOC at
925-373-3930 (or via e-mail at info@tvhoc.org). General information on this project and on the City of Pleasantons affordable housing programs
may be found on the Citys Internet web site at www.ci.pleasanton.ca.us (follow the links to Community and then Affordable Housing). Please
do not contact the City of Pleasanton directly for additional information on this project as TVHOC will handle all processing. Due to the expected
high level of interest in this project, we anticipate receiving many requests for additional information. Therefore, to assure that your questions
can be answered in a reasonable time period, please review all of attached information carefully before requesting additional information.
Attachments:
1. Birch Terrace Townhomes Affordable Housing Program Eligibility Guidelines
2. Birch Terrace Townhomes - Guidelines for Eligibility Verification, Loan Application Processing and Assignment of Homes
3. Birch Terrace Townhomes - Floor Plans
4. City of Pleasanton Down Payment Assistance (DPA) Program Guidelines
5. Birch Terrace Townhomes - Eligibility Preapplication (yellow form)

BIRCH TERRACE TOWNHOMES


Eligibility Preapplication
To apply for an opportunity to purchase one of the seven (7) below-market priced townhomes in Birch Terrace, you
must complete this preliminary Eligibility Preapplication form and return by mail or in person to:
Tri-Valley Housing Opportunity Center
ATTN: Birch Terrace Townhomes
20-A South L Street
Livermore, CA 94550
tel. 925-373-3930
Forms must be received no later than Friday, July 27, 2007, at 4:00pm
(postmarks and faxes will not be accepted)

Name:

(FIRST:)

Home Address:

(STREET ADDRESS:)

(LAST:)

(CITY / STATE / ZIP:)

Telephone:

ON
LY

PLEASE PROVIDE THE FOLLOWING INFORMATION: (TYPE OR PRINT CLEARLY)

(DAYTIME)

Total Number of Persons in Household:

(EVENING)

Ages:

Current GROSS Annual Income of Household: *

M
PL
E

* (Includes income of all household members age 18 and over; refer to Eligibility Guidelines)
To assist us with the selection process, please check the statement below which applies to the current live/work
situation of at least one adult who is applying to own a home (CHECK ONLY ONE): *

SA

I / We currently live and work in Pleasanton and have done so continuously for 2 years or longer.
I / We currently live and work in Pleasanton and have done so continuously for less than 2 years.
I / We currently live or work in Pleasanton and have done so continuously for 2 years or longer.
I / We currently live or work in Pleasanton and have done so continuously for less than 2 years.
I / We have an immediate relative (defined as a son, daughter, brother, sister, and/or parent) who has
resided in Pleasanton for 2 years or longer at the time of application.
None of the above applies to our/my household.
Also, please check below if applicable (CHECK ALL THAT APPLY): *
I have lived in Pleasanton continuously for the past seven (7) years or longer prior to application.
I am a single parent household (defined as a biological or adoptive parent or guardian having legal
and physical custody of a child under the age of 18 who will be living in the affordable home).
I am a head of household with a medically documented permanent physical or mental disability that
prevents me from maintaining full-time employment.

* NOTES:
As part of the review process, applicants will be contacted directly to provide verification of their residence and employment history and
evidence supporting any of the status items checked above. For persons who are retired at the time of application, the applicants work
history immediately prior to retirement can be considered in the top four categories above. For applicants who moved away from
Pleasanton less than 6 months prior to application and who lived in Pleasanton continuously for at least 10 years prior to that time, the prior
residence history can count in the top category above.
I / We have read the enclosed information and understand that being accepted for the selection process and receiving a low
application number does not guarantee that I / we will be able to purchase a home at Bernal Property Duet Homes.
I / We certify that the information provided in this application is true and correct.

___________________________________

___________________________________

Signature of Prospective Buyer

Signature of Prospective Buyer

A household may submit only one Preapplication. The submittal of more than one Preapplication or false information will result in disqualification from selection process.

BIRCH TERRACE
TOWNHOMES

AFFORDABLE HOUSING PROGRAM


ELIGIBILITY GUIDELINES
I. Eligibility Requirements
To qualify for the purchase of a home for this project, the applicant must meet the criteria listed below.

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1. Annual household income may not the applicable percentage of the Area Median Income (AMI),
adjusted for household size, as issued by the Department of Housing and Urban Development for
the Oakland Primary Metropolitan Statistical Area (PMSA). The current (effective March 2007)
maximum income limits are as follows:

Household members include individuals who will be residing in the affordable home.

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Annual household income includes the income of all household members over the age of 18 years
who will be residing in the home. Annual household income includes all income for the current
calendar year to date (at the time of application submittal) plus the households anticipated annual
household income for the remainder of the current calendar year. In the event a household, and/or
a household member, recently experienced a significant increase in monthly income, generally
defined as an increase of 20%, annual household income will be determined by projecting the new
monthly income for a period of twelve months. Income shall include the following:
a) The gross amount, before any payroll deductions, of wages and salaries, overtime pay,
commissions, fees, tips and bonuses;
b) The net income from operation of a business or profession or from rental or real or personal
property (for this purpose, expenditures for business expansion or amortization of capital
indebtedness shall not be deducted to determine the net income from a business);
c) Interest and dividends;
d) The full amount of periodic payments received from social security, annuities, insurance
policies, retirement funds, pensions, disability or death benefits and other similar types of
periodic receipts;
e) Payments in lieu of earnings, such as unemployment and disability compensation, workers
compensation and severance pay;

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f)

Public Assistance. If the public assistance payment includes an amount specifically designated
for shelter and utilities which is subject to adjustment by the public assistance agency in
accordance with the actual cost of shelter and utilities, the amount of public assistance income
to be included as income shall consist of:
(1) The amount of the allowance or grant exclusive of the amount specifically designated for
shelter and utilities, plus
(2) The maximum amount which the public assistance agency could in fact allow for the family
for shelter and utilities;

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g) Periodic and determinable allowances such as alimony and child support payments, and regular
contributions or gifts received from persons not residing in the dwelling;
h) All regular pay, special pay and allowances of a member of the Armed Forces (whether or not
living in the dwelling) who is head of the family or spouse;
In addition to the above, where a family has net assets in excess of $25,000 (after subtracting
any assets used as a down payment and closing costs to purchase the home), the applicants
annual income shall include the actual amount of income derived from the asset(s), or 10% of
the value of the asset(s), whichever is greater. If the total assets are less than $25,000, the
actual amount of income derived from the asset will be included as income. For this section,
assets is defined as equity in real property, savings, stocks, bonds or other investment
instruments such as mutual funds, certificates of deposit, etc. Assets do not include recognized
retirement plans such as IRAs, Keogh plans, and 401K plans.

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i)

2. The applicant must be a first-time homebuyer. First-time homebuyer is defined as a household


where not more than one member of the household has had an interest in residential property
provided no member of the household has been the sole owner of residential property. For a single
head of household, the homebuyer must not have been a sole owner of residential property. A
household that at the time of preapplication or application has a member that was residing in
property for which it had an ownership interest, does not qualify as a first- time homebuyer.

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3. Owner must occupy the property as the principal place of residence for at least ten (10) months of
each calendar year. The property and improvements must be maintained in good condition and
repair throughout the period of ownership. The property may not be subleased.
4. Buyers are required to demonstrate ability to obtain mortgage financing within a specific time frame
established by the City. The Citys Agent will review the Loan application and supporting
documentation for program eligibility and will forward the loan package to the Lead Lender. The
Loan Officer will review the file and submit to the Underwriting Department for loan approval.
Failure to provide required financial information within the time frames established by the City will
result in the household forfeiting its current application number and being removed from further
consideration.
5. Any Purchaser must agree to comply with the restrictive covenants placed on the property by the
City which in part, restrict the sale of the home to eligible purchasers at a maximum resale price
determined by the City. The restrictive covenants shall remain in perpetuity.

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The resale price will be based on adjustments in the Area Median Income (AMI) for the Oakland
Primary Metropolitan Statistical Area (PMSA) as published annually by the United States
Department of Housing and Urban Development (HUD). For example, if the AMI has increased 5%
from the time the home was purchased to the time it is available for resale, the sales price shall be
5% more than the initial sales price ($205,000 initial sales price plus 5% equals a maximum resale
price of $215,250; $310,000 initial sales price plus 5% equals a maximum resale price of
$325,500). If the median income decreases by 5% the maximum sales price will be reduced by 5%
($205,000 initial sales price less 5% for a maximum resale price of $194,750; $310,000 initial sales
price less 5% for a maximum resale price of $294,500). The formula for determining the maximum
resale price shall also include an allowance for reasonable closing costs and marketing expenses
as determined periodically by the City.

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II. General Information


1. Homes will be allocated to eligible purchasers with qualified financing based on application
numbers and the availability of homes and any selection will be restricted to homes currently
available for occupancy. Purchasers will not be given an opportunity to wait for specific properties
that may be available at a later date as part of the phased release of homes. The actual home sale
will be based on the ability to meet project eligibility guidelines and to obtain project financing within
a time frame established by the City.
2. Builder provided home upgrades, such as improved carpeting, cabinetry, fixtures, etc., are not
available.

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3. Single Parent Head of Household is defined as a biological or adoptive parent or guardian having
legal and physical custody of a child under the age of 18, who will be living in the affordable home.

4. "Pleasanton Resident" is defined as a person or household who at the time the Eligibility and
Financing Application is submitted resides permanently and continuously at a residential address
which is physically located within the then-current incorporated area of the City of Pleasanton and
where that location is considered to be the household's permanent place of residence. The City will
require applicants to submit evidence as proof of residency in Pleasanton.

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For persons who moved away from the City of Pleasanton less than 6 months prior to the final date
for submitting a City Eligibility Preapplication and who resided in the City of Pleasanton
continuously for at least ten (10) years immediately prior to moving away, the residency history prior
to the date of moving away shall be considered in determining the length of residency.
In addition to the above, Pleasanton Resident includes individuals who have maintained a
permanent address in the City of Pleasanton while a full-time college student at a university located
outside of the City or while an active member of the armed forces. Proof of residency and
academic and armed forces standing will be required. For Birch Terrace Townhomes, length of
residency shall be calculated from the final date for submitting a City Eligibility Preapplication.
5. Proof of Pleasanton residency is required and must be provided through the submittal of rent
receipts or utility billing in the name of the applicant. In unique situations, the City may consider, on
a case-by-case basis, other documentation, including a notarized statement from a landlord or
relative attesting to residency, if the above information is unavailable.
6. "Pleasanton employee" is defined as a person who at the time the Eligibility and Financing
Application is submitted for review, is employed solely, on at least a half-time basis (i.e., 20 or
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more hours per week), at a business that is physically located within the then-current incorporated
area of the City of Pleasanton. Telecommuting or working from an address located in Pleasanton
for an employer not located in the City of Pleasanton as defined above, shall not qualify as
employment in the City of Pleasanton, unless the employer is providing the workspace in
Pleasanton as part of its corporate/company offices. For persons who are retired at the time of
application, the applicants work history immediately prior to the date of retirement shall be
considered in determining the length of employment in Pleasanton. The City may require
applicants to submit pay stubs, W-2 forms, tax returns, or other satisfactory evidence as proof of
employment at a Pleasanton business. Length of employment shall be calculated from the final
date for submitting a City Eligibility Preapplication. Employment does not include volunteer work
or any work without reportable income.

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7. Disabled Person is defined as a head of household who has a medically documented permanent
physical or mental impairment that prevents him/her from maintaining full-time regular employment.
Any individual claiming Disabled Person status must submit verification from a licensed doctor of
his/her disability and its effect on the ability to maintain full-time employment. A Disabled Person
shall be assigned a number of points as if the person was employed regardless of the Disabled
Persons employment status, plus one bonus point. If an individual has a disability that substantially
limits one or more major life activities and has a medical record of such impairment but the disability
does not prevent the ability to maintain full-time regular employment the individual shall be assigned
the appropriate number of points as detailed in the Citys Preference System in place at the time.
Examples of a disability include limitations on caring for oneself, performing manual tasks, walking,
seeing, hearing, speaking, breathing, or working.

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8. The Citys selection process shall be conducted based on the City of Pleasanton approved
preference system for City-assisted affordable housing projects.
III. Credit Requirements

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1. As part of the process of reviewing the Eligibility and Financing Application, the Citys Program
Agent (TVHOC) will charge a processing fee to cover the credit report, home buyer education
program, individual counseling, workbook materials, and related costs). The processing fee will be
based on the number of adults (other than dependents) in the household: $45 for one person, $60
for two persons, $75 for three persons, $90 for four persons.
2. Homebuyers must have sufficient creditworthiness to qualify for a first mortgage. Creditworthiness
includes: a) not having filed bankruptcy in the last three years; and b) minimum FICO credit rating of
660 points. At the discretion of the Citys Program Agent, this minimum rating may be adjusted if
the buyers down payment exceeds the 3% minimum requirement.
3. Homebuyers total debt-to-income ratio may generally not exceed 40% of the homebuyers total
income.
4. Applicant must provide a minimum of three percent (3%) of the purchase price, in their own funds,
for use as a down payment:
In general, lending institutions require that funds must be seasoned (on deposit in a financial
institution) for a minimum of three months prior to the initial date of the application with
documentation showing these funds are available for use as down payment.
Funds must be placed into escrow prior to close of escrow and proof of availability of funds
provided to the Citys Program Agent before close of escrow.

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5. The buyer is responsible for all closing costs related to the purchase which may include title fees,
escrow fees, loan origination fees, etc., (approximately 2-3 percent of the purchase price).
Homebuyer may be gifted funds to be used toward closing costs.
6. First mortgages must have a fixed interest rate for a minimum of five (5) years. First mortgages
with negative amortization, interest only payments, or balloon payments are not acceptable.
7. Homebuyer must successfully complete a City-approved first-time homebuyer training program
prior to the close of escrow.

IV. Secondary Financing

V. City of Pleasanton Partners

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1. The City will not provide any direct financing, and buyers must qualify independently for mortgage
financing to purchase the homes. However, buyers may (but are not required to) apply separately
for second mortgage assistance through the Citys Down Payment Assistance (DPA) program. A
summary of the DPA program is attached to this information. Review of the DPA application will be
conducted separately from consideration of the Eligibility and Financing Application.

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1. The City will be working with the Tri-Valley Housing Opportunity Center (TVHOC), Silverstone
Communities, and a lead mortgage lender to process applications for the Birch Terrace
Townhomes. These partners may make additional requests for information related to the
processing of your application. Please note that your signature on the Preapplication signifies your
authorization to share documentation and information among these parties pertaining to your
application.

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Birch Terrace Townhomes Guidelines for Eligibility Verification,


Loan Application Processing and Assignment of Homes
The City will distribute an Eligibility and Financing Application (Application) to households
with the lowest Application numbers.

2.

The number of Applications issued will be dependent upon the number of homes available for
sale. The Citys policy is to issue the minimum number of Applications needed to assure that
all homes are sold.

3.

Receipt of an Application does not obligate the City or Silverstone Communities to enter into
a purchase agreement to purchase a home. The purpose of the Application is to:
(1) determine if the applicant meets the Citys eligibility requirements; (2) to verify the
applicant meets the criteria for the points category assigned as part of the Citys Preference
System, and (3) to determine the applicants ability to obtain mortgage financing or other
financial resources required to purchase a home based upon program eligibility.

4.

Households receiving an Application will have seven (7) days to complete and return all
required information to the Citys Program Agent, the Tri-Valley Housing Opportunity Center
(TVHOC). Your Application will specify a due date. Failure to complete and return all required
information within seven days will result in the household forfeiting its current application
number and being removed from further consideration.

5.

Any returned Applications must be submitted from households assigned an Application


number. Application numbers may not be transferred or assigned to other parties. Changes in
households as a result of divorce, marriage or other life changes are permissible only if one of
the signators of the final sale documents was a signatory to the Birch Terrace Townhomes
Eligibility Preapplication.

6.

TVHOC will review all Applications for program eligibility. Households that do not meet City
program guidelines, or households providing false information, will be disqualified from further
consideration.

7.

The Citys selection process for the issuance of Application numbers is based on a review of
information submitted on the Birch Terrace Townhomes Eligibility Preapplication. If a review
of an Application results in a determination that the initial City preference category assigned
to the applicant was inaccurate, the applicant will be assigned a new application number
which is higher then the previously highest number in the applicants correct City preference
category.

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1.

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8.

TVHOC will work with a lead mortgage lender to review all Applications for compliance with
financial qualifications and will determine financial capability to purchase a home based on
City program guidelines. The lead mortgage lender may offer mortgage financing to qualified
applicants.

9.

If mortgage financing is not offered, or if the applicant intends to use a different mortgage
lender, the applicant will have seven (7) days from the time of notification to provide TVHOC
with documentation of loan pre-approval from a secondary source that has approved the
Citys restrictive covenants and, if using a City of Pleasanton Down Payment Assistance
(DPA) program second mortgage, Citys loan documents. Failure to provide loan approval
within the required timelines will result in the applicant being removed from further
consideration.

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10. The Citys program does not permit cosigners to loan documents or City regulatory
agreements.
11. In addition to information requested as part of the initial Application, all applicants are
required to provide requested supplemental information to the City, its agents, including
TVHOC, and affiliated lenders which may be in addition to information requested as part of
the initial Application. Failure to provide supplemental information within the specified time
frame will result in the applicant being removed from further consideration.

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12. The opportunity for applicants to select homes will be based on applicants Application
number. However, to assure that homes are sold in a timely manner, the City may offer home
selection to an applicant with a higher Application number who has received all loan and
eligibility approvals if the applicants with lower Application numbers have not yet received all
necessary loan and eligibility approvals, and if a home needs to be sold to maintain the
project schedule. Any selection will be restricted to homes currently available for occupancy.
Purchasers will not be given an opportunity to wait for a specific property that may be
available at a later date as part of a phased release of homes.

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13. Program and financial eligibility will be based on information approved and verified as part of
the Application and supplemental information requested from and/or on behalf of the City.

Page 2 of 2

BIRCH TERRACE TOWNHOMES - FLOOR PLANS

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PLAN ONE:
$205,000 sales price (5 units available)
Max. income = low (80% of AMI)
Three-story
Approx. 1,280 sq. ft.
2 bedrooms / 2.5 baths
2-car garage

SECOND LEVEL

FIRST LEVEL

GROUND LEVEL

BIRCH TERRACE TOWNHOMES - FLOOR PLANS

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PLAN TWO:
$310,000 sales price (2 units available)
Max. income = moderate (120% of AMI)
Three-story
Approx. 1,853 sq. ft.
3 bedrooms / 2.5 baths
2-car garage

SECOND LEVEL

FIRST LEVEL

GROUND LEVEL

City of Pleasanton
Down Payment Assistance (DPA)
Loan Program
1. Brochure
2. Guidelines
3. Application

07/10

Down Payment Assistance Program


The City of Pleasantons Down Payment
Assistance Program is a second mortgage loan
program for income-eligible homebuyers who
desire to live in the City of Pleasanton.

D OW N
P AY M E N T
A S S I S TA N C E
P RO G R A M

The program is administered through the


Citys Housing Division which works to
maintain and expand housing opportunities
for low and moderate income households
throughout the City.
Purchasing a home in the City of Pleasanton
is a wonderful choice as Pleasanton is a
community that cares about maintaining the
character of its neighborhoods and enhancing
the quality of life of its citizens.

Housing Division
200 Old Bernal Ave.
P.O Box 520
Pleasanton, CA 94566-0802
Phone: (925) 931-5007
Fax:
(925) 931-5476
City of Pleasanton Website:
www.ci.pleasanton.ca.us/community/housing

Housing Division
P.O. Box 520
Pleasanton, CA 94566-0802

06/10

City of Pleasanton
Housing Division

City of Pleasanton - Down Payment Assistance Program


About the Program
The Citys Down Payment Assistance Program
provides 3.5% simple interest, amortized or
partially deferred loans to low and moderate
income applicants earning no more than the
income limits as shown in the table below. At the
present time, the typical loan provided through
the program is a $20,000 loan with a 20 year
term. At 3.5% interest, the monthly payment for
this loan would be approximately $116.

In addition, to be eligible for the program you must


have sufficient credit worthiness to qualify for a
first mortgage with a lender. First mortgages must
be fixed rate loans with no negative amortization,
balloon payments or adjustable rate features.

Maximum Income / Loan Amounts


The maximum income limits are adjusted for household
size as summarized below: (Effective May 2010)

Purchase Qualifications
The program is available to 1) first-time
homebuyers, and 2) buyers who have owned a
home with resale restrictions through the
Pleasanton Homeownership Assistance Program
(PHAP). [In the event of a competing interest for
funding, a priority will be given to first-time
homebuyers.]
First-time homebuyer is defined as a household
where not more than one household member has
held an interest in residential property provided
no member of the household has been the sole
owner of residential property. For a single head
of household, the homebuyer must not have been
a sole owner of residential property.
Homes purchased through the program must be
existing single family residences located within
the current city limits of the City of Pleasanton.
Homes purchased in other cities or in the
unincorporated areas within or surrounding the
City of Pleasanton do not qualify for the program.

Household Size
( P ersons)

Max. Annual
Income

$75,850

$86,700

$97,500

$108,350

$117,050

Max. DPA Loan


Amount:

$60,000 /
$20,000 *

* [$60,000 is the maximum loan amount for loans that are


funded through a combination of City funds and matching
funds from other sources when available, e.g., state, federal, etc. For loans that are funded 100% from City
funds, the maximum loan amount is reduced to $20,000.]

Loan Qualifications
To qualify for assistance participants must:

Contribute funds in an amount equal to a


minimum of 3% of purchase price for use as a
down payment (may be reduced to 1% if other
CalHFA secondary funding assistance is used).

Qualify for your first mortgage with a


CalHFA-approved lending institution.

Other Notes
Homes purchased may be single family
residences, condominiums, townhouses, and single
units that are part of a couplet or duet.
Multi-unit structures (duplexes, triplexes etc.)
where more than one unit is being purchased are
not eligible. There is no cap on the purchase price
of the home.
Total down payment assistance is further limited
to 20% of the purchase price of the home.
Applicants must occupy the home purchased
through this program as their primary residence.
Prior to receiving funds, approved program
participants must enter into a loan agreement with
the City of Pleasanton covering the total amount
of funds loaned by the City.
A promissory note between the buyer and the City
outlining loan terms shall be executed along with a
deed of trust with resale restrictions.
In the event of competing interesting for funding,
applicants who currently live and/or work in
Pleasanton shall be given priority over other
applicants.

Down Payment Assistance


Program Guidelines

REVISED
June 2010

The program provides financial assistance to low and moderate income


home buyers in the form of a 3.5% partially deferred loan.
(Please retain for your records)
1.
The program is restricted to the purchase of single-family residences which includes
condominiums, mobile homes, town homes, and single units that are part of a couplet or duet.
Multi unit structures (duplexes, triplexes, etc.) where more than one unit is being purchased are
not eligible. Homes purchased must be located in the City of Pleasanton. The homebuyer is
responsible for obtaining a first mortgage with a CalHFA-approved lender (see
https://wp11.calhfa.ca.gov/ApprovedLenders/) at a fixed interest rate with no negative
amortization, balloon payment or adjustable rate features.
2.
The program is available to 1) first-time homebuyers and 2) buyers who have owned a
home with resale restrictions through the Pleasanton Homeownership Assistance Program
(PHAP). In the event of a competing interest for funding, a priority will be given to first-time
homebuyers who have never owned a home in the past. First-time homebuyer is defined as a
household where not more than one member of the household has held an interest in residential
property provided no member of the household has been the sole owner of residential property.
For a single head of household, the homebuyer must not have been a sole owner of residential
property.
3.
Borrower must meet the income eligibility limits set by the program in order to qualify
for City assistance. Maximum loan amounts are determined by household size and income and
by the source of loan funds. Households earning less than 80% of the Area Median Income
(AMI) shall be eligible for up to $60,000 in down payment assistance if matching funds are
available to supplement City funds ($20,000 if loans are funded 100% from City funds). A
household earning between 80% and 120% of AMI shall also be eligible for up to $60,000 in
down payment assistance if matching funds are available to supplement City funds ($20,000 if
loans are funded 100% from City funds). Maximum income limits are adjusted for household
size. Loan amounts are further limited to a maximum of 20% of the total purchase price.
Borrower must provide sufficient documentation of income to the City for use in determining the
borrowers income level. Final determination of an applicants income level and program
eligibility shall be the sole discretion of the City. Total Household Income means the total
income of all residents of the household. Household members include individuals who will be
living in the affordable home including the head of household, spouse, children, or others listed,

as dependents on federal tax forms, extended family members, and other adults who are also
purchasing the property.
Annual household income includes the income of all household members over the age of 18
years who will be residing in the home. Annual household income includes all income for the
current calendar year to date (at the time of application submittal) plus the households
anticipated annual household income for the remainder of the current calendar year. In the event
a household, and/or a household member, recently experienced a significant increase in monthly
income, generally defined as an increase of 20%, annual household income will be determined
by projecting the new monthly income for a period of twelve months. Income shall include the
following:
a) The gross amount, before any payroll deductions, of wages and salaries, overtime pay,
commissions, fees, tips and bonuses;
b) The net income from operation of a business or profession or from rental or real or
personal property (for this purpose, expenditures for business expansion or amortization
of capital indebtedness shall not be deducted to determine the net income from a
business);
c) Interest and dividends;
d) The full amount of periodic payments received from social security, annuities, insurance
policies, retirement funds, pensions, disability or death benefits and other similar types of
periodic receipts;
e) Payments in lieu of earnings, such as unemployment and disability compensation,
workers compensation and severance pay;
f) Public Assistance. If the public assistance payment includes an amount specifically
designated for shelter and utilities which is subject to adjustment by the public assistance
agency in accordance with the actual cost of shelter and utilities, the amount of public
assistance income to be included as income shall consist of:
(1) The amount of the allowance or grant exclusive of the amount specifically designated
for shelter and utilities, plus
(2) The maximum amount which the public assistance agency could in fact allow for the
family for shelter and utilities;
g) Periodic and determinable allowances such as alimony and child support payments, and
regular contributions or gifts received from persons not residing in the dwelling;
h) All regular pay, special pay and allowances of a member of the Armed Forces (whether
or not living in the dwelling) who is head of the family or spouse;

4.
The homebuyer shall use the home as its primary residence and the home may not be
rented to a second party.
5.
Borrowers total debt to income ratio may not exceed 40% of the borrowers total
income. At the discretion of the Citys Housing Division, this minimum standard may be
adjusted if extenuating circumstances exist (e.g., buyer has minimal debt, high FICO score, down
payment exceeding the 3% minimum, etc.).
6.
Borrower may use a cosigner when qualifying for the first mortgage. The cosigners total
household income shall not be included as part of the households total income when
determining the borrowers income eligibility except in cases where the DPA program is used in
conjunction with specific below-market priced homes that are sold through the Pleasanton
Homeownership Assistance Program (PHAP).
7.
Total down payment assistance shall not exceed 20% of the purchase price of the home.
Eligible closing costs, including points, shall not exceed 2% of the purchase price. Borrower
must contribute a minimum 3% down payment (the minimum down payment may be reduced to
1% if the buyer uses other CalHFA down payment assistance and/or secondary financing
products).
8.
In the event of a competing interest for funding, a priority will be given to persons who
live and or work in the City of Pleasanton. The homebuyer will be required to enter into a
Promissory Note and Deed of Trust with the City.
9.
The homes are required to pass typical home inspections including termite and roof
clearances.
10. Buyer must obtain a written property inspection report from a qualified home inspection
company prior to the close of escrow. This report must cover all major systems in the house
including but not limited to electrical, plumbing, foundations, drainage systems, paint, and all
built-in appliances. Buyer must show evidence that City permits have been issued for all work
where permits are required.
11.
Buyer must purchase a one-year home warranty covering all major systems in the home
including built-in appliances, air conditioners, and water heating systems.
12.
For loans that are funded through two funding sources (e.g., CalHFA HELP and City
funds), assistance provided through the DPA program shall be in the form of two separate loans
of equal amount, one of which runs for the first ten years (using CalHFA HELP funds or other
matching funds) and another which runs for the second ten years (using City funds). For loans
that are funded solely with City funds, assistance shall be in the form of a single loan with a
twenty year term. Payments are generally amortized over the entire loan term. However, the
City may consider, on a case-by-case basis, deferring payments for up to the first three (3) years
if deemed necessary to improve the borrowers initial qualifying ratio. In this case, payments
shall be amortized over the remaining period so that the loan is completely repaid within the
aggregate term.
3

13.
Borrower shall enter into a loan agreement with the City of Pleasanton covering the total
amount of funds loaned by the City via a Promissory Note secured by a Deed of Trust for each
loan. Failure by borrower to make timely loan payments to the City may result in the default of
the Citys loan(s) and forfeiture of ownership by the borrower. Loan funds may be used only to
purchase a house and to pay for any nonrecurring closing costs associated with purchasing the
home. Buyer shall not use loan funds to finance repairs, room additions or to purchase any nonreal property. Cash-out transactions are not eligible.
14.
Borrower must have sufficient creditworthiness to qualify for a first mortgage from a
CalHFA-approved lender. First mortgages must be fixed rate loans with no negative
amortization, balloon payments or adjustable rate features and must be approved by the City.
15.
Execution of the City's second mortgage documents shall be performed at close of escrow
by the Escrow Company.
16.
Fulfilling the above requirements is the sole responsibility of the homebuyer. Failure to
fully satisfy the above Program requirements as determined by the Citys Housing Division, may
result in a delay in funding or in loan denial.
17.
Borrower must submit a complete application package to the Citys Housing Division at
least four weeks prior to the scheduled close of escrow. Upon determination of eligibility for the
Program, by the Citys Housing Division, borrower shall receive a pre-approval letter stating
Program Eligibility. This letter shall indicate the maximum amount of loan funds for which the
buyer has been pre-approved. This letter only serves as a determination of loan eligibility. Since
funding is limited and is available on a first-come, first-served basis, a pre-approval letter is
not a guarantee that funds will be available to the borrower when requested. The specific steps
for disbursement of loan funds following pre-approval are attached to these guidelines.
18.
Homebuyer must successfully complete a City-approved homebuyer training program
prior to the close of escrow.
19.
Priority shall be given to persons who live and/or work in the City of Pleasanton
consistent with the Citys adopted preference system for affordable housing projects.

LOAN DISBURSEMENT GUIDELINES


To reserve funds for 60 days:
Items to be sent to the City of Pleasanton:

Copy of the executed purchase agreement

Copy of loan qualification letter for first mortgage

Evidence of borrowers 3% down payment (may include up to 2% in other secondary


financing).

Copy of Homebuyer training certificate

To Disburse funds into escrow:

Title Company name, address, contact person, phone number, and escrow number

Wire instructions to transfer funds to escrow account (instruction must be on Title Company
letterhead, signed by the escrow officer handling transaction)

Itemization sheet

Evidence of buyers down payment in escrow

Appraisal

Termite clearance

Roof clearance

After Escrow Closes:

Title insurance naming City as a beneficiary

Proof of Home Warranty

Copy of Property Inspection report

Affordable Homeownership Program

Down Payment Assistance Program


DISCLOSURE NOTICE - APPLICATION PROCESS
You are applying for financial assistance to purchase a home through the City of Pleasanton Affordable
Homeownership Program. This Disclosure Notice explains how the application process works. It is your
responsibility to submit a complete application. Your application will be reviewed for completeness and
eligibility based on the information you submit with it. The application must be complete when you submit
it. Applicants will be reviewed in the order they are received.
Being allowed to submit an application and apply for a second mortgage with the City of Pleasanton is
not a guarantee that you will be able to buy a home. You must still qualify for a loan and make an
accepted offer to purchase a home in the City of Pleasanton. Your ability to do so will depend on the
amount of money you have for a down payment, the income you have available for mortgage payments,
your outstanding debt, and your credit history.
You must submit a complete application to the City at least three weeks prior to your scheduled close of
escrow. Upon approval of the application by the Citys Housing Specialist, you will receive a Letter of
Program Eligibility. This letter will indicate the maximum amount of loan funds you are eligible for.
This certificate determines program eligibility only. A Certificate of Eligibility is not a guarantee that
funds will be available to the borrower when requested.
Funds shall be provided on a first-come first-serve basis upon completion of the following:
acknowledgement from the applicant or applicants agent that an offer to purchase an eligible home has been
accepted, evidence of approval of the first mortgage from a CalHFA-approved lender (see
https://wp11.calhfa.ca.gov/ApprovedLenders), and applicants completion of an approved homebuyer
training program.
Priority will be given to those who already live or work in the City. After all available Program funds are
expended, applicants remaining on the list will be notified of when the next round of program funding may
begin and given an opportunity in the order they applied.
By signing this Disclosure Statement, I/we acknowledge that I/we have read and understand this statement,
and that I/we have had any questions about the application process answered to our satisfaction.

Signature

Signature

Date

Date

Affordable Homeownership Program


DOWN PAYMENT ASSISTANCE PROGRAM

BUYER APPLICATION
Applicant Name(s):

Home Address:
Street

City

Zip

Street

City

Zip

Work Address:

Phone:
Work

Home

E-Mail:

Social Security Number(s):


Annual Household Gross Income:
Number of Persons in Household:
Have you ever owned a home before?

Yes

No

If yes, date of sale:


To make a complete application, you must attach the following documents:

Signed BUYER CERTIFICATION


Signed DISCLOSURE NOTICE - APPLICATION PROCESS
Signed ACKNOWLEDGMENT of receipt of the Program Guidelines
Copies of federal income tax returns for three years (e.g., 2007, 2008, and 2009)
Copies of two most recent paycheck stubs for each employed applicant

Affordable Homeownership Program


DOWN PAYMENT ASSISTANCE PROGRAM

BUYER CERTIFICATION

1.

I (We) the undersigned hereby certify that I (we) am (are) applying to receive secondary
mortgage financing to purchase a home through the City of Pleasanton Affordable
Homeownership Down Payment Assistance Program, as my/our principal residence.

2.

I (We) acknowledge receipt of the City of Pleasanton Down Payment Assistance Program
Guidelines.

3.

I (We) acknowledge and understand that my Application will be relied upon for purposes of
determining my (our) eligibility for this loan. I (We) acknowledge that a material
misstatement fraudulently or negligently made in my Application or in any other statement
made by me (us) in connection with the Application may result in the denial of my (our)
Application, or, if the sale has been closed prior to discovery of the false statement, all
principal and interest of the second mortgage held by the City will become immediately due
and payable.

Signature

Signature

Date

Date

Affordable Homeownership Program


DOWN PAYMENT ASSISTANCE PROGRAM

ACKNOWLEDGMENT OF GUIDELINES

Borrower acknowledges receipt of the City of Pleasanton Down Payment Assistance Program
Guidelines:

Signature

Signature

Date

Date

To Future Homebuyers:
RE:

City of Pleasanton Affordable Home Ownership Program


DOWN PAYMENT ASSISTANCE

Thank you for your interest in the City of Pleasanton Affordable Homeownership Down
Payment Assistance Program. To qualify for financial assistance to purchase a home, you must
submit a completed application and, unless otherwise approved by the City of Pleasanton, have
funds available in an amount equal to a minimum of 3% of the purchase price to be used as the
home buyers portion of the down payment. In addition, you may not have owned a home in the
last three years, you must reside in the home as your principal residence, and your annual
household income may not be greater than the following limits (effective May 2010):
Household Size
(Persons)
1
2
3
4
5
Maximum DPA
Loan Amount:
*

Max. Annual
Income
$75,850
$86,750
$97,500
$108,350
$117,050
$60,000 / $20,000 *

[$60,000 is the maximum loan amount for loans that are funded through a combination of City funds and
matching funds from other sources when available, e.g., state, federal, etc. For loans that are funded 100%
from City funds, the maximum loan amount is reduced to $20,000.]

Applicants who live or work in the City of Pleasanton shall be given priority over other
applicants consistent with the Citys adopted preference system for affordable housing projects.
When you submit an application, it will be reviewed for completeness and eligibility based on
the information submitted. If the application is approved and the loan funded, the City will hold
a second mortgage on your property. The second mortgage will generally be the difference
between the price paid for the home minus the first loan and buyers down payment. The second
mortgage conditions are explained in more detail in the loan package. Please ensure you
understand the conditions of this Program before you sign the certification and disclosure notices
in the application package.
Being allowed to apply for a second mortgage is not a guarantee that you will be able to buy a
home. You must still qualify for a loan, which can depend on the amount of money you have
for a down payment, the income you have available for mortgage payments, your outstanding
debt, and your credit history.
You may apply for a mortgage loan from any lender you choose. However, your first mortgage
and the home you wish to purchase must meet the program guidelines included in this package.
If you have any questions about qualifying for a mortgage, please call 925-931-5007.
Please send or deliver completed applications to: Scott Erickson, Housing Specialist, City of
Pleasanton, 200 Old Bernal Ave., P.O. Box 520, Pleasanton, CA 94566-0802

Tri-Valley Housing
Opportunity Center
(TVHOC)

07/10

Early Delinquency and foreclosure


prevention counseling.
Meet with a certified housing
counselor to review your current
hardship and strategize on how to best
save your home!

Free document preparation


for loan modification and loss
mitigation.
Connect with Mortgage Assistance
programs through Keep Your
Home California and/ or Making
Home Affordable.

Financial Education
Financial Education classes are
offered every other month in
Partnership with our Community
Partner, National Budget Planners.
Budgeting 101
Understanding Credit
Additionally, we work in
collaboration with local lending
partners to provide preventative
financial education workshops to
the following populations. Please
call us to schedule something for
your group!
Workshops for At Risk Youth
Workshops for Veterans
Workshops for Seniors

Unlocking Opportunities for a Stronger Community

Foreclosure Prevention

Programs &
Opportunities

Office Hours:

Monday through Thursday


9:00 am to 4:00 pm
Friday through Sunday
Closed

141 North Livermore Avenue


Livermore, CA 94550
P (925) 373-3130
F (925) 373-3133

Visit Our Website

www.tvhoc.org

Compassion Competence Commitment

The Tri-Valley Housing Opportunity


Center is a 501(c)(3) charitable
corporation with a mission to provide
accurate, unbiased information,
and personalized guidance through
the complex process of homeseeking, home-buying, or foreclosure
prevention.
We provide these
services without
charge to the
consumer, and
without regard to
their city of residence.

Homebuyer Programs /
Services
8-hour First-time homebuyer
education class, Budgeting,
Buying, Borrowing, &
Beyond
Offered in collaboration with
Las Positas Community College
Required for purchase of a BMR home.
This class is offered every other month.

Linkage to Below Market


Rate Housing and down
payment assistance
programs offered through
the Tri-Valley cities.
Pre-Purchase counseling
Meet with a certified housing
counselor to help prepare you
for owning a home.

Post-Purchase counseling
Visit Our Website

www.tvhoc.org
Contact Us

info@tvhoc.org
Compassion Competence Commitment

After purchasing a home,


meet with a certified housing
counselor to help build equity
in your home and maintain
homeownership.

Unlocking Opportunities for a Stronger Community

About Us

Additional Services
& Programs
Information about affordable
rental opportunities in the
Tri-Valley cities
Free income tax preparation
and E-Filing by IRS certified
preparers.
Referral to Fair Housing
Organizations
Credit counseling referrals
FHA Back to Work program

Homebuyer Counseling and


Education Service Flow

Tri-Valley Housing Opportunity Center

Counselors will monitor and track the progress of each client throughout the process

Homeownership Track

ONE-ON-ONE
COUNSELING
SESSION

ORIENTATION

INTAKE

General Housing
Information
Rental/Referral
Information
Resources Referral
Schedule Orientation

Overview of Center
Programs and Services
One-on-One Counseling
Homebuyer Education
Classes
City Programs
Equity Share
Tax Benefit
Rent vs. Own
Benefits of Center
Programs

Intake Application
Review Credit Report
Assessment
Develop Individual Action
Plan (IAP)
Schedule Homebuyer
Education Class or Credit
Counseling
Schedule Follow-up One-onOne Sessions as Needed
Lender Disclosures

Homeownership/Financial Literacy Track


INTAKE

Same as Above
November 7, 2005

ORIENTATION

Same as Above

ONE-ON-ONE
COUNSELING
SESSION
Same as Above

CREDIT
COUNSELING

-One-on-One

HOMEBUYER
EDUCATION
CLASS
8 HR Certificate Program
2 4 Hour Segments
First Segment: 4 Hours
Credit
How to Review Credit Report
Cost of Credit
Budget
Homework Review
Develop Savings Plan
Reduce Expenses
Qualifying for Loan
Loan Application
Loan Types
Down Payment Assistance
Programs
Second Segment: 4 Hours
Real Estate Agent
Real Estate Transaction
Title Company/Escrow
Inspections
Insurance
Responsibilities of
Homeownership
Knowing your Rights and
Predatory Lending
Prevention
HOMEBUYER
EDUCATION
CLASS
Same as Above

LENDER
REFERRAL
Lender
Partners

LENDER
REFERRAL

Same as Above

Credit Counseling

Education is the Key to Homeownership

Mortgage Credit Certificate


(MCC) Program

07/10

Mortgage Credit Certificate


(MCC) Program

123 Main St., P.O. Box 520, Pleasanton, CA 94566-0802


Housing Division (tel. 925-931-5007; fax 925-931-5476)

Mortgage Credit Certificates (MCC's) can help first-time homebuyers purchase homes in Pleasanton and
other areas of Alameda County. Through the use of an MCC, eligible home buyers increase their ability
to qualify for a mortgage loan and reduce their effective mortgage interest rate approximately 1.5
percentage points. MCC recipients may take 15% of their annual mortgage interest payments as a dollarfor-dollar tax credit against their federal income taxes. The home buyer adjusts federal income tax
withholdings, increasing income available to pay the mortgage. The MCC Program is coordinated in
Pleasanton by the Alameda County Housing and Community Development (HCD) Department.
How the MCC Benefits The Home Buyer
A home buyer with an 7% fixed rate 30-year mortgage of $300,000 would pay approximately $20,900 in
interest payments for the first year. With an MCC, up to $3,135 (15% of $20,900) of the interest could be
taken as a tax credit against the home buyer's federal income taxes, effectively reducing the monthly
mortgage payment, and helping the home buyer qualify for and support a mortgage.

Interest Rate
Monthly Mortgage Payment (P&I)
MCC Rate
Monthly Credit Amount
Effective P&I
Effective Interest Rate

Without MCC
7.0%
$1,996
n/a
n/a
n/a
n/a

With MCC
7.0%
$1,996
15.0%
$261
$1,735
4.7%

Who Qualifies?

First Time Home Buyers The home buyer cannot have owned a principal residence within the last
three years.
Income The home buyer's total household income cannot exceed $86,100 for 1 or 2 person
household or $99,015 for a 3 or more person household.*
Owner Occupancy The home buyer must live in the house being purchased with an MCC-assisted
mortgage.
Eligible Properties An MCC may be used for the purchase of new or existing single-family homes
including single-family detached homes, mobile homes, condominiums, or townhouses. Three or
more unit properties are not eligible for MCC-assisted mortgages.
Purchase Price The purchase price of the house cannot exceed $585,765 for new units (never
previously occupied) and $569,765 for existing units (resale).*

[Contact the Alameda County Housing and Community Development Department at 510-670-5799 to
confirm current income and purchase price limits.]

How To Apply For An MCC


To obtain an MCC, the home buyer selects a real estate agent, locate an eligible property, signs a purchase
agreement, and arranges financing with a participating lender (a list of participating lenders can be
obtained from HCD). The home buyer pays a non-refundable application fee of $500. The lender
determines home buyer eligibility and forwards the MCC application to HCD for approval.
Recapture
Recapture is an IRS rule that may increase the amount of tax you pay when you sell your home. The
amount of recapture will depend on the year in which you sell, your income that year, and the amount of
gain you receive from the sale. If you sell the house more than nine years after the closing date, you will
not have to pay additional taxes. Your lender can provide more details.
For More Information About the MCC Program
Your participating lender or realtor can provide you with program information. For a list of participating
lenders, contact the Alameda County Housing and Community Development (HCD) Department at
510-670-5799 (hearing impaired: 510-265-0253).

08/09

Income Eligibility
Requirements
Total
Persons In
Household

Max. Annual
Household
Income

$45,100

$51,550

$58,000

$64,400

$69,600

$74,750

$79,900

$85,050

HOUSING
REHABILITATION
PROGRAM

Major Rehabilitation Loans,


Minor Home Repair Loans
and Grants, Mobile Home
Repair Loans and Grants,
Free Accessibility

[Effective 5/14/2010; maximum Annual


Household Income figures are updated
annually based on the Area Median Income
issued by the federal Department of Housing
and Urban Development (HUD).]

HOUSING REHABILITATION
PROGRAM

Housing Division
200 Old Bernal Ave., P.O. Box 520
Pleasanton , CA 94566-0802
Phone: (925) 931-5007
Fax: (925) 931-5476
Email: serickson@ci.pleasanton.ca.us
Web: www.ci.pleasanton.ca.us/community/housing/index.html

F O R I NFORMA TION
CALL

(925) 931-5013

Free Accessibility
Improvements

Major Rehabilitation
Loan Program
Low interest (3%) loans are available for
items that exceed the grant program limits.
Loans are either amortized (monthly payments) or deferred (no payments due until
the home is sold or transferred) depending
on the borrowers income and debt.

Free Accessibility grants are available for


persons who are disabled. Grants can be
used for the construction of railings, installation of grab bars, and similar modifications.
Homeowner grants of up to $5,000
Tenant grants of up to $5,000 (with
approval from the rental property
owner)

Eligible repairs include: roof, gutters,


sewer line replacement, termite and dry rot
damage repair, furnaces, electrical/
plumbing repair and replacement, kitchen
and bathroom upgrades, accessibility improvements, insulation, and solar electric
systems.

Mobile Home
Loan Program
Loans of up to $25,000 are available to
owners of mobile homes for larger repairs
and improvements including lifts, roof replacement, bathroom repairs and dry rot
repairs.

The construction of ramps and other more


expensive modifications can be addressed
for homeowners under the Rehabilitation
Loan Program.

Mobile home loans may be deferred (not


requiring repayment until the home is sold
or transferred) or may be amortized.

Solar Affordable
Housing
IncomeProgram
Limits
GRID Alternatives provides information, assistance, and funding for the installation of solar panels for low-income
households through the Housing Rehabilitation Loan Program. Community
Development Block Grant (CDBG) funds
pay for rehabilitation services to facilitate
the installation of solar electric systems
on low-income owner-occupied homes in
Pleasanton.

Minor Home Repair


Grant Program
The Minor Home Repair grant program has
five components:
1) Minor Home Repair (max. $2,000)
Includes water heaters, smoke detectors,
minor plumbing and electrical repairs
2) Mobile home repair (max. $5,000)
Includes any mobile-home repairs that
fall within the grant limit
3) Clean-Up Grant (max. $1,000) Includes trimming trees, haul away of debris, general clean-up of exterior
4) Accessibility (max. $5,000) Disability-related access including ramps, grab
bars, and other accessibility items.
5) Seismic (max. $2,000) Seismic bracing to strengthen the foundation of the
home.

Housing Rehabilitation Program

123 Main St., P.O. Box 520, Pleasanton, CA 94566-0802


Housing Division (tel. 925-931-5007; fax 925-931-5476)

The City of Pleasanton, in cooperation with Neighborhood Solutions, provides a Housing Rehabilitation
Program which is available to low income home owners in Pleasanton. An eligible household must live
in and hold title to the home, and the household income cannot exceed 80% of the Area Median Income:
Household Size
1 person
2 persons
3 persons
4 persons

Maximum Income
$45,500
[Source: U.S. Dept. of Housing and Urban
$52,000
Development (HUD), May 2011; income
$58,500
limits subject to change]
$64,950

The Housing Rehabilitation program has become an increasingly significant element of the City's housing
and community development efforts. As Pleasanton's housing stock has continued to age (along with an
aging population), home maintenance and repair have increased in importance. The existence of an active
housing rehabilitation program is seen as a necessary element of Pleasanton's affordable housing policies
in that it addresses preservation of existing housing which is very affordable to the present occupants. A
large percentage of beneficiaries of this program are elderly and single parent households.
The City's Housing Rehabilitation program includes a variety of sub-programs which offer different types
of services. These are summarized below:
For Home Owners:
Major Rehabilitation Loan Program
The objective of this program is the rehabilitation of housing to bring all systems up to standard
(e.g., electrical, plumbing, roofing, etc.). Low interest (3%) loans are available for items that
exceed the grant program limits. Loans are either amortized (monthly payments) or deferred (no
payments due until the home is sold or transferred) depending on the borrowers income and debt.
Eligible repairs include: roof, gutters, sewer line replacement, termite and dry rot damage repair,
furnaces, electrical/plumbing repair and replacement, kitchen and bathroom upgrades, accessibility
improvements, insulation, and solar electric systems.
Minor Home Repair Grants
Repairs are made to correct immediate threats to the health and safety of the occupants (e.g.,
electrical, plumbing, carpentry, etc.). This program has five components:

Minor Home Repair (max. $2,000) Includes water heaters, smoke detectors, minor
plumbing and electrical repairs
Mobile home repair (max. $5,000) Includes any mobile-home repairs that fall within the
grant limit
Clean-Up Grant (max. $1,000) Includes trimming trees, haul away of debris, general cleanup of exterior
Accessibility (max. $5,000) Disability-related access including ramps, grab bars, and other
accessibility items.
Seismic (max. $2,000) Seismic bracing to strengthen the foundation of the home.

For Mobile Home Owners:


Mobile Home Loan Program
Loans of up to $25,000 are available to owners of mobile homes for larger repairs and
improvements including lifts, roof replacement, bathroom repairs and dry rot repairs. Mobile
home loans may be deferred (not requiring repayment until the home is sold or transferred) or may
be amortized.
Mobile Home Repair Grants
This program provides loans for repairs to correct immediate threats to the health and safety of the
occupants (e.g., electrical, plumbing, roofing, carpentry, seismic, etc.). The program offers grants
to low income owners of mobile homes at a maximum of $5,000 for labor and materials.
Other Programs:
Free Accessibility Improvements
Free accessibility grants are available for persons who are disabled. Grants can be used for the
construction of railings, installation of grab bars, and similar modifications:

Homeowner grants of up to $5,000


Tenant grants of up to $5,000 (with approval from the rental property owner)

The construction of ramps and other more expensive modifications can be addressed for
homeowners under the Rehabilitation Loan Program.
Solar Affordable Housing Program
The City works with GRID Alternatives, a nonprofit agency, to provide information, assistance,
and funding for the installation of solar panels for low-income households through the Housing
Rehabilitation Loan Program. Federal CDBG funds pay for rehabilitation services to facilitate the
installation of solar electric systems on low-income owner-occupied homes in Pleasanton.
Rental Rehabilitation Loans
The objective of this program is to eliminate substandard housing conditions and bring properties
into conformance with the acceptable standards. To be eligible for assistance, a majority
(i.e., 51%) of the units in a rental complex must be occupied by low income tenants. Projects will
be underwritten to ensure that they can be operated and maintained at affordable rents, and owners
must be able to demonstrate a history of stable operation and ownership. The program provides
both deferred payment loans (maximum 5 year term) and amortized loans (maximum 15 year
term) at low interest rates. The maximum loan amount is $15,000 to $25,000 per unit (depending
on the size of unit). Interested property owners should contact the Housing Rehabilitation
Program directly at 925-931-5013.
Information on the City of Pleasanton's Housing Rehabilitation Program can be obtained by calling
925-931-5013.
12/11

NOTES:
It is illegal for any housing provider to discriminate on the basis of age, sex, race, physical handicap, marital status,
sexual preference, or religion. If you have been unlawfully discriminated against, or you have questions about your
rights, contact ECHO Housing at 510-581-9380 or 925-449-7340.

Affordable Housing Contacts


in Other Tri-Valley Cities

123 Main St., P.O. Box 520, Pleasanton, CA 94566-0802


Housing Division (tel. 925-931-5007; fax 925-931-5476)

City of Livermore
1052 So. Livermore Ave.
Livermore, CA 94550
tel. 925-960-4580
www.ci.livermore.ca.us

City of Dublin
100 Civic Plaza
Dublin, CA 94568
tel. 925-833-6610
www.ci.dublin.ca.us

City of San Ramon


P.O. Box 5148
San Ramon, CA 94583
tel. 925-973-2573
www.ci.san-ramon.ca.us

Town of Danville
510 LaGonda Way
Danville, CA 94526
tel. 925-314-3300
www.ci.danville.ca.us

Tri-Valley
Housing Opportunity Center
141 N. Livermore Ave.
Livermore, CA 94550
tel. 925-373-3130
www.tvhoc.org

07/10