Resale - 239 Jarvis Drive
Three-Bedroom UPTO MODERATE INCOME - accepting applications!
Begin down payment assistance is available for households up to moderate income - UP TO $100,000 at 1% Simple interest rate to households who qualify!
Please do not disturb the owners. Viewings are only by appointment for final candidates. An open house may be scheduled.
Program Documents & Disclosures
Resale Restriction, Excess Sales Proceeds Note, and Deed of Trust
This program requires you to sign a Restriction Agreement with a 45-year term.
Understanding the intricacies of the program documents is crucial when considering participation in a housing program. Deed restrictions, agreements, promissory notes, and deeds of trust are all legal instruments that can significantly impact the rights and obligations of property owners. For instance, deed restrictions can limit how a property is used, who you can sell it to, refinancing, and upgrading the home, and it requires the owner to occupy the home. It also sets conditions for its future sale, which includes a cap on the resale value and/or an equity share, depending on the program. Similarly, a promissory note is a binding promise to repay a loan and/or excess sales proceeds (the difference between the home's fair market value and the maximum restricted resale price), and a deed of trust secures the promissory note by placing a lien on the property. Click below to access & review the documents to ensure this program is for you. You can hire an attorney to help you understand the Program Documents you’ll sign and promise to abide by.
OPPORTUNITY DRAWING #732
Begin down payment assistance is available for households up to moderate income - UP TO $100,000 at 1% Simple interest rate to households who qualify!
3 Bedrooms / 2.5 Bathrooms
Approx. 1680 Sq Ft
Sales Price: $672,200
Monthly HOA: Estimated $460
HO6 Insurance Required
Property Taxes: Based on purchase price, check with your lender.
Property Designated Income Category: Up to Moderate
Occupancy: Min Household 1, Max 7 people (new owners will be required to occupy the property)
Resale Restriction Terms: 45 Years (Review the documents)
Please refer to the ODN (Right) for additional information
Important Deadlines
Entry Deadline: 3/20/2026 5:00:00PM
File Submission Deadline: 3/20/2026 5:00:00PM
Drawing Entries will be reviewed using the date and timestamp issued by MyHouseKeys when the applicant entered the drawing until the unit is sold.
Any previous ranking numbers are null and void.
City Preferences do not apply.
Entries without the required documentation will be skipped.
Entries with outdated documentation will be skipped.
Anyone may enter.
RESOURCES
Register for HUD Approved 1st Time Homebuyer course
Lender List and Forms: Click Here
