The Galloway at Owens Below Market Rent Program. Purpose of This Information Session ▪ The purpose of the session is to review the pre- application process.

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Presentation transcript:

The Galloway at Owens Below Market Rent Program

Purpose of This Information Session ▪ The purpose of the session is to review the pre- application process as well as the lottery selection for the Below-Market rent (BMR) apartments in The Galloway at Owens, a new apartment community located at 4863 Willow Road, Pleasanton, CA ▪ A total of 38 BMR apartments will be leased for the Owens Bldg and 38 BMR apartments for the Hacienda Bldg through this lottery, 3 apartments are designated for the physically disabled qualified applicants at each sites.

▪ Owens BMR move-in dates will range from mid-May through September ▪ Hacienda Bldg will start release of units in October and we will have another lottery at that point.

The Pre-Application Process ▪ All eligible pre-applications have been placed in 12 separate preference categories. They will be assigned a specific number of points to correspond with the appropriate category under the City’s adopted preference system for affordable housing projects. ▪ The pre-applications with the highest number of preference points will receive the priority placing. ▪ Lottery numbers will be assigned by the preference point totals. As an example, all pre-applications assigned 21 points will be assigned list placement prior to those with 20 points and so on.

Notification of Pre-Application Numbers ▪ Each person submitting an eligible pre-application will receive a letter from the Galloway indicating their assigned pre-application number ▪ Priorities for Accessible Apartments: for apartments accessible to persons with mobility, visual or hearing impairments, households containing at least one person with such impairment will have first priority (as applicable for a particular apartment feature)

▪ The lottery will be conducted by preference category using a computerized random number process. ▪ You will be notified via within 5 business days after May 13, 2016 regarding your lottery number ▪ If your assigned lottery number is above 200, you will automatically be placed on the BMR wait list The Lottery Process

Summary of Preference Categories 21 points : Live and Work in Pleasanton for two years or more ; eligible for a bonus point. 20 points : Live and work in Pleasanton for two years or longer. 19 points : Live and work in Pleasanton for less than two years and eligible for a bonus point 18 points: Live and work in Pleasanton for less than two years.

Summary of Preference Categories (continued) 17 points : Live or work in Pleasanton for two years or more and eligible for one bonus point. 16 points : Live or work in Pleasanton for two years or more. 15 points : Live or work in Pleasanton for less than two years and eligible for one bonus point. 14 points : Live or work in Pleasanton for less than two years.

Summary of Preference Categories (continued) 13 points : Have an immediate relative who has resided in Pleasanton for two years or more and eligible for one bonus point. 12 points : Have an immediate relative who has resided in Pleasanton for more than two years. 11 points : All other pre-applicants eligible for one bonus point 10 points : All other pre-applicants.

Bonus Points ▪ Have lived in Pleasanton continuously for the past 7 years or longer. ▪ Single parent. ▪ Head of household with a medically documented physical or mental impairment. ▪ Maximum of one bonus point to any applicant

▪ Leasing representatives from The Galloway will distribute leasing application packets to individuals with lottery numbers 1 through 50 until the 38 BMR apartments are rented ▪ Should the 38 BMR apartments not be fully leased, the lottery numbers will continue to be contacted in order ▪ Please note that the 38 BMR apartments will not be available at the same time. Move in dates will range from end of April through September 2016 for the Owens Bldg Application Process

Application Process (continued) ▪ Applicants providing false information will be disqualified ▪ As part of the application process, applicants will be required to show proof of residency, employment, income, disability (if applicable), single-parent status, etc. ▪ You will be required to submit the application processing fee in the amount of $38.00 per applicant

Application Process (continued) ▪ Due to time constraints, applicants will be required to provide information within 72 hours. Failure to meet timelines may result in disqualification from the process.

Important Notes ▪ A household may submit only one pre-application form. The submittal of more than one Pre- Application or false information will result in disqualification from selection process. ▪ Receiving a low lottery number and a leasing application does not guarantee an offer to lease a BMR apartment. An offer to lease an apartment will occur only after verification of program eligibility and review with approval of satisfactory rental history and financial standing

Important Notes (continued)  Please do not contact the City or the Galloway leasing office to request information regarding the status of a pending application or to inquire about receipt of an application.  Walk-ins, tours and phone calls are not permitted. The Galloway management will contact the qualified applicants.

 Apartment tours will only be provided to qualified applicants who have met the criteria. Important Notes (continued )