Resale - 1101 S Main Street
Don’t wait for the next deadlines to pass! You can submit now!
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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 #780
2 Bed / 2 Bath
Approx. 1015 Sq. Ft.
Sales Price: $507,604
Monthly HOA: $707.61
Property Designated AMI: Moderate Income
Occupancy Standard:
2 minimum, 5 max
Resale Restriction Terms: 55 Years
Drawing Method: by Date and Time Stamp, no city Preference
Please refer to the ODN (Right) for additional information - Coming Soon
Important Deadlines
NEW DEADLINE - Enter the drawing and submit the minimum files by 5 PM on 9/1/2026
*Ranked applicants who met the initial deadlines are processed first according to their ranking numbers.
Estimated minimum household income: $124,551
Estimated Cost Breakdown
Interest may change; speak to your Loan Officer. Also, check with the County Tax Assessor for additional taxes that may not be reflected here.
RESOURCES
Register for HUD Approved 1st Time Homebuyer course
Lender List and Forms: Click Here
Property Location
Please do not disturb the owners. See Open House Details. After the open house, viewings are by appointment only for final candidates.
Historical Deadlines:
Drawing Entry Deadline: 2/10/2026 @ 3:00 pm / Ranking results 2/13/2026 / File Submission Deadline: 2/17/2026 @ 5:00pm
