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Applications for below market rate homes available

Submitted by on 1, April 21, 2008 – 7:40 amNo Comment

Starting today, the Alameda Development Corporation is offering applications for four townhomes in Buena Vista Commons, an eight-unit development for low- and moderate-income families that is slated to be completed this summer. (This being the Bay Area, low income is up to $59,600 for a family of three and moderate income, up to $93,000 for a family of three. But I digress.) The $3.5 million project, which sits on Buena Vista Avenue just west of Webster Street, is being built on the former site of a self-serve car wash, according to Habitat for Humanity East Bay. The project has been underway since May of 2000, when the city okayed loans for ADC to buy the land for it; increasing costs and disputes between the developer and builder Habitat for Humanity East Bay were responsible for delays in getting it built, according to this city staff report. The lottery for the townhomes will be open to first-time homebuyers with households of three or more who meet the income qualifications, though priority will be given to people who live or work in Alameda and who have households of four or more. (One of the four townhomes will be accessible to people with disabilities.) The application process closes May 30. No prices listed here or on the hotline (though these are “below market rate,” whatever that means in this crazy market). Buyers for the other four units were selected before the December 2006 groundbreaking, according to a press release on the city’s website. For information on the sale and lottery or an application, contact the Alameda Development Corporation’s Buena Vista Commons hotline at 486-8923 or go to their website, here. More information on the project itself is available on Habitat for Humanity East Bay’s website here.

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