Wild Rose Estates

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 one affordable town home unit available at Wild Rose Estates distributed by lottery to a household who meets the Local Preference Criteria. If the unit is unable to be filled with a local household the unit will be open to applicants who are not in the local pool based on household size and lottery ranking.

Unit preference for the three bedroom unit will be given to a household which require three bedrooms, based on household size. Second preference to a household which require two bedrooms, based on household size and third preference to household 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 applicant that meets the preference criteria would have an opportunity to purchase the unit. The remaining 59 applicants would establish the waiting list if the initial “winner” is unable to purchase.

Time Frames
Wild Rose Estates has completed construction and the affordable unit is available for immediate occupancy.

If you are selected and have the opportunity to purchase the unit you will speak or meet with a representative to review your application to verify all information. Applicant selected for the unit will need to start working with their 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.

Acceptance of Town Home
It is important for all applicants to understand that specific units are attached to specific lottery rankings based upon the projected availability of the completed homes. Applicants will not have a choice of unit locations, style or schedules. You will not be able “pass” on a unit and wait for another unit. If you choose not to take the designated unit, you will go to the bottom of the list and will likely NOT have another opportunity.

Summary
We hope this helps explain the process by which the 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.