We’ll be adding additional notes here about the Orientation, but this is the video of the Orientation Class held this week. Here are some areas that we’ve noted that may be helpful:
07:25 Discussing Income Limits and how "Median Income" defines income categories
17:49 Breaking down terminology: Programs, Drawings, and Opportunities
30:42 The File Cabinet and how you upload supporting docs to the MyHouseKeys system
58:22 How a max restricted price is calculated during years 1 through 5 of your restriction agreement that you sign with the City of Santa Clara. During years 6 to 20 is when you can earn access to the Equity Share. If you stay until year 20, you earn access to all the equity, less what you owe the City.
1:15:05 How homes may not seem affordable because developers will price to the maximum allowable and in high-income counties, limits are very high
1:18:53 The difference between Program Eligible and Opportunity Qualified (Maximum vs. Minimum Income)