Morgan Hill Affordable Housing

• The Crosswinds is a residential development project and sits on approximately 31 acres. The project proposes to construct a total of 269 new residential units, comprised of 56 single-family, 64 duets,  and 149 condominium units. Of the 269 units, 40 are designated as below-market-rate (BMR) units.

• Master-planned community with pool, clubhouse, playground and parks

• Easy access to Silicon Valley employers, US-101, I-880 and I-680; near Caltrain® station

• Santa Clara Valley Wine Trail nearby for dozens of award-winning wineries

• Minutes to boutique shopping and sought-after restaurants in downtown Morgan Hill

• Close to year-round outdoor recreation at Henry W. Coe State Park, Coyote-Lake Harvey Bear Ranch County Park, Anderson Lake County Park and Morgan Hill Aquatics Center

For more information on the development map

For more information or to schedule your own viewing of the units, contact the site sales team:

Zyrena Bustamante - 702-690-6060 - zbustamante@kbhome.com

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.

• Program Documents and Guidelines

Applicants must select the City Preferences by the Drawing Entry deadline and submit proof they meet them by the File Submission Deadline. The Final Ranking number is subject to change after preferences are verified. Applicants cannot adjust their City Preference Tiers/Points after the Drawing Entry Deadline. Preference Tiers/Point adjustments or corrections by the applicant after the Drawing Entry Deadline will not be considered. The Preference will be invalidated if supporting documents are not submitted on time or if insufficient proof is submitted.

• Exhibit E - City Preference Form

• How to Edit, Confirm and Select Your City Preferences by the drawing entry deadline

• How to Upload Preference Documents by the file submission deadline

Final Ranking Numbers will change as we move down the list when we audit and underwrite the claimed preferences/points until an eligible buyer has been identified. Please log in to your account at www.myhousekeys.com to find the updated Final Ranking numbers based on our findings during the application process. They will continue to be updated as we move down the list. Rest assured that the Initial Ranking Numbers, aka lottery numbers, will not change. Note: You will not have a ranking number if you entered the drawing after the drawing entry deadline

How to Locate your Final Ranking Number