COMING SOON - Parkview by Cresleigh Homes

INFORMATION & ANNOUNCEMENTS

Parkview Condominiums will be a 59-unit mixed-use building in Downtown Campbell and will have 9 BMR units for a Low income of up to 80%. It is located off of East Campbell Avenue and Gilman Avenue, a block from downtown retail and dining options, and directly across the street from a local park. Residents here can also benefit from a local VTA stop just blocks away. A rooftop terrace will offer stunning views of the surrounding Silicon Valley. Two ground-floor retail spaces will activate the pedestrian walkway and connect Downtown Campbell and the nearby Pruneyards shopping center.

More information coming soon!

Two Simple Steps to Get Started…

Step 1.

Create an account for your household at MyHouseKeys.com (Only one account per household)

  • Please note: The email address provided needs to be valid and checked frequently, as it will be the main resource for correspondence

  • Please note: You will need to set up individual profiles for each household member

Step 2.

  • After you have created your account, navigate to the Program Center through the Menu and find Programs.

  • Under Programs, find the City of Campbell Affordable Ownership or Rental Program and click the “Request Application ID” button. Click HERE to go to the Program page.

  • And now you can access ALL Opportunities (homes) available and will receive important notifications regarding them, as well as future ones.

  • Please note: Income Limits and Household Occupancy Standards apply and will vary by Opportunity.

  • Please note: At this point, you can enter a Drawing, which hold Opportunities. You are only allowed to enter ONE Drawing at a time per Program. Should you opt out, you will NOT be able to re-enter. Make all considerations before any entry and when opting out.

THE MINIMUM “INITIAL FILE” FOR REVIEW IS COMPRISED OF THE FOLLOWING DOCUMENTS…

  1. HouseKeys Program Application

  2. Loan Pre-Approval Documentation from a Registered Lender. Pre-approvals by an unregistered lender will not be accepted, delaying your review process.

  3. Latest Tax Return

  4. Last 30 Days of Paystubs**

  5. Proof of Down Payment Funds

    **If you are Self-Employed, submit your last year's Profit and Loss Statement and your Year to Date Profit and Loss Statement (one for each business).

Please Note…Upon timely submission and approval of these initial review documents, you will still need to provide the remainder of the items on the Document Checklist to make your COMPLETE FILE for further review. In order to do so, you can expect to be given a deadline to provide them in order to continue through the process and be considered for the opportunity.

 

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RESOURCES

Learning Library

Program Documents: Resale Restriction, Excess Sales Proceeds Note, and Deed of Trust

The Resale Restriction limits the price you can resell the house for and the amount of equity it can build. The difference between the home's fair market value and the maximum restricted resale price is known as “Excess Sales Proceeds.” This amount belongs to the program, and the City records a note and deed of trust to protect those proceeds. You are free to hire an attorney to help you understand the program you contractually agree to patriciate and follow. Among other requirements and responsibilities, you will be required to complete an annual compliance certification, validating that you as the owner are still occupying the property. Renting the property will breach program requirements disqualifying you from the program. Updated Documents Coming Soon!

State Income Limits for 2023

  • https://www.housekeys.org/s/income-limits-2023.pdf

How to get started and prepare a file: https://www.housekeys.org/buyerfile

This program is for households that meet the “first-time home buyer” definition for the program. See guidelines.