Resale - 45 Parc Place Drive
2 Bed / 2.5 Bath Condo
• All Cash purchase – unable to obtain Fannie Mae condo approval
Accepting Applications!
information & Announcements
View the home at the Open House Friday, March 20, 2026, AND Saturday, March 21, 2026 from 4 pm - 6:30 pm
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.
Applicants that entered OD 724 must enter OD 764 if interested in pursuing a cash only purchase. Ranking numbers for OD 724 are no longer valid.
OPPORTUNITY DRAWING #764
2 Bed / 2.5 Bath
Approx. 1075 Sq. Ft.
Sales Price: $475,000
Monthly HOA: $318
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
Start Entering Drawing on: 1/30/2026
Enter drawing by 3/27/2026 5:00:00pm
File Submission by 3/27/2026 5:00:00pm
DRAWING TYPE: First Form First Served - By date and timestamp issued by MyHouseKeys when you enter the drawing.
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. Anyone may enter.
Entries without the required documentation will be skipped.
Entries with outdated documentation will be skipped.
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
