Summerfield

Lottery Process
Due to the nature of the affordable units' availability it is important for everyone to understand the procedure. Please understand the allowable income guidelines are adjusted based upon your household size. Also be advised that the program and its requirements are subject to changes in local, state or federal regulations.

Lottery Pools
There will be seven (7) affordable town home units available at Summerfield at Taft Hill distributed by lottery. The lottery will be broken down into two pools – Local and At-Large. The pools breakdown as follows:

Local applicants would have two opportunities by being in both the Local and At-Large Pools to “win” a unit. Preference for two bedroom units will be given to households that require two bedrooms based on household size. Second preference will be offered to households which require one bedroom based on household size. Unit preferences are based on the following:

a. There is a least one occupant and no more than two occupants per bedroom.

b . A husband and wife, or those in a similar living arrangement, shall be required to share a bedroom. Other household members may share but shall not be required to share a bedroom.

c. A person described in (b) shall not be required to share a bedroom if a consequence of sharing would be a severe adverse impact on his or her mental or physical health and reliable medical documentation is provided substantiating the adverse impact.

All of the applicants for a given pool will be pulled at the time of the lottery. This will establish the rankings for the distribution of the units. For example, if there are 60 local applicants for the Lottery, the first 4 applicants that meet the preference criteria would have an opportunity to purchase the units. The remaining 56 applicants would establish the waiting list if the initial “winners” are unable to purchase.

Time Frames
Summerfield at Taft Hill is currently under construction and it is anticipated that the first affordable town homes will be ready in 2008. The remaining units will be available through the end of 2008. The second lottery for the remaining 8 units will take place late 2008 or early 2009.

If you are selected and have the opportunity to purchase a unit you will speak or meet with a representative to review your application to verify all information. Applicants selected for units approaching completion will need to start working with the designated bank immediately to secure the necessary mortgage. Please be advised that the official income verification will be done at the time you have an opportunity to purchase a unit. Meaning, if one year after the initial lottery you have the opportunity to purchase a unit and you are over income at that time, you may not be able to purchase.

Summary
We hope this helps explain the process by which the town home units will be distributed. It can be a lengthy and sometimes complicated process. We greatly appreciate your participation and wish you the best of luck in the lottery process.