Applications accepted until July 2 to enter lottery to buy new below-market-rate townhomes
Applications are being accepted until July 2 to be entered into a lottery for the chance to buy one of six income-restricted, below-market-rate (BMR) townhomes in a new residential development on Mission Boulevard across from Moreau Catholic High School.
The development project, called Fusion by Homes Built for America, is still under construction and will be made up of 55 townhomes with open floor plans located at 27177 Mission Boulevard near the South Hayward BART station and Cal State University East Bay.
To fulfill the requirements of the City’s Affordable Housing Ordinance, Homes Built for America has agreed to provide the six BMR units at prices affordable for purchase by moderate income households. This is the second project under construction this year to provide affordable homeownership opportunities, increasing the City’s portfolio of deed restricted ownership units to be sold at below market prices to current and future purchasers.
The six BMR units are three-bedroom, 2.5-bathroom units of approximately 1,761 in total square feet and priced at $491,578. They are restricted for sale to households with incomes of up to 120 percent of Area Median Income (AMI).
For an application and more information on the Fusion BMR unit lottery and qualifications, go online to https://www.housekeys8.com/fusion. To learn more about the project overall, go online to the Homes Built for America Fusion website here.
