Affordable Ownership Housing Program
Existing Affordable Units
Currently For Sale:
Newly Built Affordable Units
Application Information:
Affordable Ownership Housing Program
The following links contain
additional information about the
three existing affordable ownership
housing projects:
The City of Davis Affordable Ownership Housing Program offers an opportunity for income-qualified households to purchase a home locally at a below market cost. To qualify for this equal opportunity program, a household’s gross annual income cannot exceed moderate-income levels for Yolo County, calculated at 120% of area median income. Based on the state income data, current maximum area median income (AMI) per household size is shown in the table below and to the right.
In order to preserve these affordable housing units for the long term, the City has attached the following deed restrictions to each property:
(2011 state income data)
| Household Size | Income Limit |
|---|---|
| 1 person | $63,650 |
| 2 people | $72,750 |
| 3 people | $81,850 |
| 4 people | $90,050 |
| 5 people | $98,250 |
| 6 people | $105,500 |
- All owning members of the household must remain the owner occupants of the home at all times and must live in the home a minimum of twenty-four months before selling it.
- The sales price of the property is restricted to a 3.75% appreciation per year from its original date of sale, compounded annually. Southfield Park is the only exception with appreciation restricted to 5.5% per year.
- The resale of these units is overseen through a City program that matches up affordable units to qualifying households when the owner decides to sell. This program requires 1% of the sales price to be paid to the City or its designee to cover the program costs. As the program administrator, NeighborWorks receives the one percent.
The City’s Affordable Ownership Housing Program offers opportunities to purchase newly constructed affordable units as well as existing affordable units at resale. New affordable units are purchased through the developer, whereas existing affordable units are purchased through a program with the City’s administrative contractor, NeighborWorks Sacramento.
This ownership affordable housing program is an opportunity for income-qualifying families to feel the peace of mind that homeownership brings. For general questions about the City’s Affordable Ownership Housing Program please contact Tom Callinan at tcallinan@cityofdavis.org or (530) 747-5852.
Newly Constructed Affordable Ownership Units
Similar to market rate units, newly built affordable ownership units are purchased through the developer of the subdivision. To ensure fairness, the developer conducts a lottery to determine the order in which eligible applicants are given the opportunity to purchase an affordable unit. The lottery also provides incentives for local workforce, persons with disabilities, and seniors. Please note that applications may be submitted after the lottery, as long as units are still available. The following newly constructed affordable housing developments are currently accepting applications. Follow the links below for information about these new units and how to apply:
Existing Affordable Ownership Units
Davis has three existing affordable ownership projects with a total of seventy units, while additional units are added to the program as future development occurs. The seventy existing affordable ownership units are currently owned and occupied by individual owners. However, the City of Davis possesses the right to match buyers to units when the owner is ready to sell, a right that NeighborWorks is exercising on the City’s behalf. NeighborWorks maintains a list of interested potential buyers and contacts the interest list when an existing affordable ownership unit is put on the market for resale. Submitting a program interest form to be placed on the interest list may be the first step to owning your own home at an affordable price.
Download the Affordable Ownership Housing Program Interest Form 
.
The process of buying a home is not very easy, but it is a worthwhile process. NeighborWorks has other services that include homeowner education and a down payment assistance program. If you are interested in this program or would like to be on the interest list for existing affordable ownership units please contact Emilee Ford at emilee@nwsac.org or (916) 452-5356, Ext. 233, if you would like more information.
Learn more about the Affordable Home Ownership Resale Program .
