Hello Housing is always seeking additional lenders to provide greater choices for BMR borrowers and will update this list periodically. P.O. The Madison Company Realtors Matt Warner, Program Director for Hello Stewardship, makes affordable homeownership happen. ph: (707) 480-8655 Contact Hello Housing by emailing Matt Warner at matt@hellohousing.org or you can CLICK HERE to visit their website to learn more about the program. A small number of lenders are willing and able to lend on Below Market Rate homes. There are approximately 340 homes in the program located throughout Marin County, except in the city of Novato. Apple lives in a new type of housing made possible by Senate Bill 962, sponsored by former Senate pro Tem Darrell Steinberg. Marin Housing administers the sale of newly constructed units as well as previously owned units being offered for resale. NMLS #459505 Beginning with the first home that Novato nearly lost, Hello Housing has helped them build a detailed “City Buy-Back” process. Hello Housing is pleased to be managing the sale of two Below Market Rate (BMR) homes on behalf of the developer, Ryder Homes, and the City of Novato. Box 423690 housing monitoring agency and manage the resales and monitoring of the affordable rentals. Tien is a proud new owner of an affordable home in Newark, as well a box full of tools to make home repairs easy. Hopefully we were able to answer most of your questions, but if not; please do not hesitate to email Hamilton@RyderHomes.com with any questions we didn't cover. The City has contracted with Hello Housing, a non-profit affordable housing management firm, to provide sales and purchase assistance of below market rate homes at Meadow Park. ph: (415) 459-1550 x 128 P.O. If you wish to sell your home, you will first need to issue Hello Housing a “Notice of Intent to Sell.” Please send letters to: Hello Stewardship – Novato Resale 1202 Grant Avenue, Suite B-2 There are 14 low income housing apartment communities offering 824 affordable apartments for rent in Novato, California. The Novato BMR Program is handled by Hello Housing of San Francisco. Larry shares a duplex with two housemates in an innovative residential program called the Family Teaching Model. If the improvements were not done in compliance with the Affordable Housing Covenants, Resale Restrictions and Option to Purchase Agreement, the value of the improvements will not be captured in the BMR restricted value of your home. Hello Housing is pleased to be managing the Below Market Rate (BMR) housing program for the City of Novato. Email Jodi, Sherrie Clark,  Sr. Loan Officer Jennifer Duffy, Vice President, turns opportunity into action with the Hello Housing team. Matt Franklin, President of MidPen and Hello Housing board president, believes everyone deserves quality, affordable housing. Hello Housing will provide the lender a letter stating the BMR restricted value of your home and any other documentation requested. Santa Rosa, CA 95405 For questions about sales, resales or refinancing, please contact Isabel Chalker at Hello Housing at 415-504-3665 or via email at isabel@hellohousing.org. San Francisco, CA 94111 First Republic Bank www.novato.org. Matt Warner, Program Director for Hello Stewardship, makes affordable homeownership happen. Hello Housing may within 60 days determine an Eligible Buyer. hank you for your understanding and stay healthy. ph: (415) 897-9103 Rental Rental Subsidies? Sample subordination and program documents are available for lenders upon request to help determine if the 1st loan can work in conjunction with the City of Novato’s BMR program. Type of Housing 1 1992 Mackey Terrace (EAH) 626 Owens Drive (Ignacio) 50 50% AMI Rental Yes Senior Housing 2 ----- Casa Nova (MHA) 35 Carmel Drive 40 80% AMI Rental Yes Senior Housing (62+) Nations Lending 25 senior apartments in NOVATO, California. Prices: 65% AMI: $306,807 90% AMI: $516,838 The … All California Mortgage, a Division of American Pacific Mortgage Email Sherrie, Sean Fitzgerald, Community Outreach Relationship Manager 1008 or other loan underwriting form indicating amounts and terms of all financing. For more information, please read over our Coronavirus updates. Sandy L. Mahoney, Realtor Please be aware that lenders who have not pre-approved the City of Novato BMR Program may have difficulties closing the transaction. Mardie Oakes, President, blends finance, design and development to make places people thrive. 5 50% of AMI Rental Yes Housing for Persons with Disabilties 12 NA Brown Drive 6 Brown Drive 5 50% of AMI Rental Yes Housing for Persons with Disabilities 13 NA Second Street 1120 Second Street 5 50% of AMI Rental Yes Housing for Persons with Disabilities The 1,406 sq. By creating a clear road map and a spreadsheet template detailing all the possible costs to buy back and resell a BMR home, the process enables everyone to act swiftly and efficiently to gather the information and resources needed in preserving the home. This refinance fee can be financed and paid at closing. Hello Housing is not responsible for leasing the units, they will monitor the affordability in compliance with the City’s program. Hello Housing to administer the program, approving an amendment to the MVMCC budget, and ... Novato, CA 94945 . 111 Pine Street Two (2) three-bedroom brand-new homes will be offered at Hamilton Cottages and are priced to be affordable to low-income (65% AMI) and moderate-income (90% AMI) households. ph: (415) 296-5775 Matt Franklin, President of MidPen and Hello Housing board president, believes everyone deserves quality, affordable housing. Income limits apply. G-5 1. There are approximately 340 homes in the program located throughout Marin County, except in the city of Novato. Hello Housing is doing all we can to make sure that we are being proactive in preventing the spread of the coronavirus, while remaining steadfast in our commitment to serve our program participants and our partners. Hello Housing’s Oakland and San Francisco physical offices are now closed, however our team is up and running from our respective homes. Hello Housing’s Oakland and San Francisco physical offices are now closed, however our team is up and running from our respective homes. Mardie Oakes, President, blends finance, design and development to make places people thrive. 11 NA Novato Blvd. The following lenders have successfully closed loans within the City of Novato BMR program. Due to school closures and evolving child care needs, our response times for non-urgent inquiries may be delayed. Due to school closures and evolving child care needs, our response times for non-urgent inquiries may be delayed. On behalf of The City of Novato, Hello Housing and The Madison Company Realtors, thank you to you and your clients for their efforts. 911 Sir Francis Drake Blvd The Novato BMR Program is handled by Hello Housing of San Francisco. As part of our program management activities, Hello Housing will assist aspiring homebuyers qualify to purchase a BMR home and existing homeowners interested in selling, refinancing or making capital improvements to their home. Michelle is a proud new homeowner who purchased a Hello Housing NSP home in San Lorenzo. Lenders will be required to submit the following documentation to Hello Housing as part of the refinance eligibility screening: Refinance package submittals can be emailed or mailed to: Hello Stewardship – Novato Refinance Please contact Isabel Chalker at Hello Housing for sales and purchase assistance at 415-504-3665 or by email at isabel@hellohousing.org. NMLS #316175 As of March 23, 2013, a $550 refinance fee will be charged to the homeowner and due to the City of Novato upon closing in order to cover a portion of the costs associated with eligibility screening and preparation of subordination documents. Hello Housing is pleased to be administering and monitoring the City of Novato’s Below-Market-Rate (BMR) Program. Once a buyer is identified, you have 30 days to sell the home to that person. 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