Resale - 31 Shadow Dance Drive at Parc Metro
information & Announcements
VIEW THE UNITS AT THE UPCOMING OPEN HOUSE
When: Saturday April 4th and Sunday April 5th
Time: 1 PM to 4 PM (Both days)
This program requires you to sign a Restriction Agreement Term: 55–years.
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 #716
2 Bed / 2.5 Bath
2-car garage
Includes one room on the main level that can be used as an office space or bedroom (note: no closet)
Approx. 1,353 Sq. Ft. of Living Space
Sales Price: $624,200
Monthly HOA: $295
Insurance Requirement: HO6
Other Monthly Non-Mortgage Costs: Please speak to your Loan Officer
Designated income level: Moderate
Occupancy Standard: Owners must occupy the home.
2 minimum, 5 max
Mello-Roos – None
Special Tax Assessments - Check with the County Tax Assessor
Resale Restriction Terms: 55 Years
Drawing Method: Random Lottery with City Preferences
First-Time Home Buyer Requirement: Yes (see guidelines for the definition)
Please refer to the ODN (Right) for additional information - Coming Soon
Important Deadlines
All deadlines are Standard Pacific Time by 5:00:00pm
Start Entering Drawing on: 3/27/2026
Deadline to Enter Drawing: 4/7/2026 5:00:00pm
Deadline to select City Preferences: 4/7/2026 5:00 pm
Results Published: 4/14/2026 after 5 pm
File Submission Deadline: 4/21/2026 5:00 pm
Estimated minimum household income: $143,869
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.
City Preferences Do not apply
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.
RESOURCES
Register for HUD Approved 1st Time Homebuyer course
Lender List and Forms: Click Here
