The 155 applicants for 23
“affordable” homes will sweat out their own version of the
lottery at noon Wednesday.
The 155 applicants for 23 “affordable” homes will sweat out their own version of the lottery at noon Wednesday.
That’s when a random drawing will determine the order in which applications are processed if the event of any ties. Applicants first are ranked on point score from information in their applications, then on the random drawing number. What’s at stake is the order in which applications are processed and approved by the lender.
The drawing takes place at the Morgan Hill Community and Cultural Center, at the corner of Dunne Avenue and Monterey Road.
Sales prices for the “affordable” homes are expected to range from $250,000 to $565,000, with mortgages expected to be from $136,000 to $500,000 depending on the buyer’s income, down payment and ability to qualify for subsidy financing
The projects are through South County Housing Corp. Viale is a joint project with the city.
