Appian Village by Denova Homes
NEW!!
The builder is offering $25,000 towards a rate buydown and closing costs the 2 Low-income and 4 Moderate units in ODs 812 and 813*.
*The incentive applies to these first 6 of the expected 31 units offered in the project.
If you missed the initial entry deadlines, you still have the opportunity to participate; more info below.
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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.
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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.
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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
OPPORTUNITY DRAWING #812
Stacked flat and Townhomes - 2 Bedroom
Approx. TBD Sq Ft
Sales Price: $277,148
Monthly HOA: Estimated $276-429
Insurance Required: H06
Solar Requirements: Solar included in the purchase price
Property Taxes: $289 (Estimated)
Special Taxes: $130.24/month (Estimated)
Property Designated Income Category: Up to Low
Occupancy: Buyers must intend to occupy the home as their principal residence.
Resale Restriction Terms: 45 Years (Review the documents)
First-Time Home Buyer Requirement: None
Please refer to the ODN (Right) for additional information
IMPORTANT DEADLINES
If you missed the initial entry deadline for OD 812, you may enter the drawing and submit your file, due by 11/1/2026, 5:00 pm.
Don’t wait for the deadline to pass! You can submit now!
*Ranked applicants who met the initial deadlines are processed first according to their ranking numbers.
All deadlines are Standard Pacific Time by 5:00:00pm
Estimated minimum household income: $83,239
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.
* 3% down payment is an example.
OPPORTUNITY DRAWING #813
Stacked flat and Townhomes - 2 and 3 Bedroom
Approx. TBD Sq Ft
Sales Price: $468,583 to $523,007
Monthly HOA: Estimated $276-429
Insurance Required: H06
Solar Requirements: Solar included in the purchase price
Property Taxes: $488 to $545 (Estimated)
Special Taxes: $130.24/month (Estimated)
Property Designated Income Category: Up to Moderate
Occupancy: Buyers must intend to occupy the home as their principal residence.
Resale Restriction Terms: 45 Years (Review the documents)
First-Time Home Buyer Requirement: None
Buyers must not own any other residential real property at the time of purchase.
Please refer to the ODN (Right) for additional information
IMPORTANT DEADLINES
If you missed the initial entry deadline for OD 812, you may enter the drawing and submit your file, due by 11/1/2026, 5:00 pm.
Don’t wait for the deadline to pass! You can submit now!
*Ranked applicants who met the initial deadlines are processed first according to their ranking numbers.
All deadlines are Standard Pacific Time by 5:00:00pm
Estimated minimum household income: $116,267.02 - $127,822.35
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
