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What’s new in Alameda Housing? To learn more about current information and news regarding Alameda housing issues and programs, keep reading!

Applications Available for Four New Homes at Buena Vista Commons

BVCThe Alameda Development Corporation (ADC) is now accepting applications for four new for-sale homes at Buena Vista Commons. The development is a partnership of the ADC, a local non-profit housing developer, and Habitat for Humanity East Bay. The homes are located at 624-638 Buena Vista Avenue, just west of Webster Street. There will be two homes for low-income households, one of which will be accessible for a disabled household, and two homes for moderate-income households.

Applications are available starting April 21, 2008, and must be returned to the ADC office, along with a pre-approval letter from a lender, by May 30, 2008. Applications can be picked up at the ADC office, 2363 Mariners Square Drive, Suite 240, Alameda, CA 94501, and are also available online. Click here for more information about ADC and to download an application. For project information, call 510.486.8623.

The four units currently available, along with four units for which buyers were previously selected by Habitat, are being built using Habitat's self-help/community build model. Habitat is still signing up volunteers interested in helping with the project. The homes are expected to be completed in August 2008 and are being built with environmentally friendly materials and techniques. Click here for more information about volunteer opportunities. (04.08)

Foreclosure Prevention and Assistance

Help is available for households who are having trouble making mortgage payments, at risk of foreclosure, or already in the foreclosure process. Click here for information about the different resources available. (03/08)

City Raises Downpayment Assistance Loan Amounts

The City of Alameda recently raised its maximum loan amounts for the Downpayment Assistance Program. Eligible first time homebuyers may now borrow $50,000 to $80,000, to help with the purchase of a home. Eligible uses of program funds include downpayment and/or closing costs for the purchase of a single-family residence (includes condos and townhouses) anywhere in the City of Alameda.

This program is being administered by First Home, Inc. For more information, please call First Home directly at (888)572.1222 x110. Click here to visit their web site.

To view the Downpayment Assistance Program brochure, click here. (10/07)

Three Residential Projects Approved by City of Alameda, Not Yet Under Construction

Three new residential or mixed-use projects have obtained entitlements from the City of Alameda, but are not yet under construction:

  • As the final piece of the Bayport Alameda Community, Shinshei Gardens, 39 new affordable rental units will be built along Williw Stargell Avenue, near the College of Alameda.
  • Alameda Landing, a new mixed-use development, will include 300 new residential units, of which 25% will be affordable. Alameda Landing will be on the 77-acre site of the Navy's former Fleet Industrial Supply Center at the foot of Fifth Street. The project will include 30 acres of housing, 20 acres of office space, 8 acres of open space, 300,000 square feet of retail and a 20,000 square foot health club.
  • Grand Marina Village, a new residential development at the Estuary end of Grand Avenue, will provide 40 new units, of which 25% will be affordable. Although these three projects have been approved by the City of Alameda, construction has not yet started. (10/07)

Free Home Buyer Workshops
Hundreds of people have taken advantage of the City's Home Buyer Workshop. The workshops cover the complete home buying process including the following topics:

  • Overview of the Home Buying Process
  • Credit & Budgeting
  • Qualifying for a Loan
  • The City's Downpayment Assistance Program
  • The Loan Application/Preapproval Process
  • Selecting a Home
  • Role of the Real Estate Agent
  • Home Maintenance
  • Foreclosure Prevention

Participants interested in attending must register by calling First Home, Inc. at (888) 572-1222 ext. 110. You may also register for the workshop on-line. Click here to register. The next workshops are scheduled for:

  • April 26, 2008

(02/08)