Bay 37 by Pulte Homes
21 homes for Sale in 3 communities
Three 3-BD / fifteen 2-BD / Three 1-BD
Opportunity Drawing Announcements
These Homes will be sold via Lottery System (Randomly Assigned Numbers) with City Preferences, facilitated by HouseKeys on its online platform, https://www.myhousekeys.com/. To learn more about the program and access the recorded orientation, please go to City of Alameda Housing Programs (housekeys17.com) and scroll to the middle of the page.
Please Note: The remaining units will be released in multiple lotteries. You must have a pre-approval to enter a drawing; it must be from an approved, registered lender.
Past/closed drawings are listed at the bottom of this webpage.
2023 Alameda county income limits
OPPORTUNITY DRAWING #258
All units are designated for Moderate-income households who earn up to 120% of the Area Median Income.
Mello roos / special bond tax applies to all homes - Approximately $500/month. Please confirm with your loan officer.
Solar Requirements; see details below.
Resale Restriction Terms: 59 Years (Review the documents below)
Please refer to the ODN (Right) for additional information
3 Bedroom Home
One Unit Available
2 Bathroom
Sales Price: $421,049
HOA: $714
Approx. 1,423 sq. ft.
2 Car Garage
Minimum Occupancy: 3 persons
2 Bedroom Homes
6 Units Available
1.5 to 2.5 Bathroom
Sales Price: $414,618
HOA: $378
Approx. 910 to 1,247 sq. ft.
1 to 2 Car Garage
Minimum Occupancy: 2 persons
Important Deadlines
Date Applicants May Start Entering the Drawing: 11/3/2023
Drawing Entry Deadline: 11/27/2023 @ 5 pm
File Submission Deadline: 4/19/2024 by 5:00 PM (For applicants with files marked as ZEROs or Too Incomplete to Review)
PLEASE NOTE: Your final ranking is subject to change based on confirmation of City Preference.
Mello roos / special bond tax applies to all homes - Approximately $500/month. Please confirm with your loan officer.
Application Forms and Document Checklists to complete and upload to your file cabinet by the file submission deadlines can be found at Packaging a Buyer File — HouseKeys
City Preference Form (Point-based): Click HERE to access the form. Make sure to review this form BEFORE applying so you can answer the questions regarding the city’s preferences correctly or it may impact your ranking.
City Program Documents and Restriction Agreements: The buyers will be required to sign the following documents. Please ensure you and your loan officer/lender review the documents carefully. Feel free to hire an attorney in advance to help you understand them and to ensure this is the type of program you are willing to follow and participate in.
The applicant and co-applicant (if any) must be US Citizens or legal Resident Aliens.
Mortgage Insurance Information: The City does not allow loans with mortgage insurance.
Loan Pre-Approval Documentation from a Registered Lender. Pre-approvals by an unregistered lender will not be accepted and delay your review process. The pre-approval package from your lender should include the pre-approval letter, 1008 form, 1003 form, and DU (desktop underwriter) or LPA form. In addition to the HOA monthly fees and insurance, please ask your loan officer to include the additional non-mortgage payments which include the mello roos / special bond tax* and the monthly solar lease (if you are not purchasing solar). Remind them that the city’s program does not allow loans with Mortgage Insurance. We encourage you to have a conversation with your loan officer about the estimated TOTAL monthly payment to make sure you can afford it.
*Mello roos / special bond tax - Approximately $500/month. Please confirm with your loan officer.
Mortgage Insurance Information: The City does not allow loans with mortgage insurance.
Solar Requirements: Lease or Purchase Options. The cost is not included in the purchase price.
Solar Installation Required: Buyers are required to have solar in their ownership unit. The Solar Power installation is completed by Sunnova or SunPower. Buyers may either purchase the Solar Power Unit, adding the cost to the purchase price and financing it through their lender, or lease directly from the solar provider. A Capital Improvement Credit will be added to the buyer’s purchase cost, and the depreciation schedule will be noted in an addendum to the Agreement. Please work with your loan officer to ensure this cost is considered. The cost of Solar panels can range from $9,400 to $14,000. Please see the Opportunity Drawing Notice for the contact information.
HOA Dues cover the following…
All common areas are maintained including: The exterior maintenance and repair of the building (roof, paint, gutters, railings, balconies)
Hazard Insurance on the exterior structure of the building.
A portion of each owner’s HOA goes to the Alameda Transportation Management Association for Shuttle Services and to help address and assist with public transportation needs
Maintenance and regular inspections of fire sprinkler/suppression systems
All common area landscaping in and around each building and community parks.
Streets – (all private only) – maintained and repaired
Lighting, benches, garbage cans, mailboxes, etc.
Pocket Parks – Bay37 Community pocket parks
Mitchell Greenway
Waterfront Park will be a public park that is maintained by the City. – Amenities include a children’s play area, picnic tables, BBQ, and outdoor exercise equipment.
Common area Utilities
Management fees long-term reserves requirements
CITY GUIDELINES: Click HERE
Additional Requirements:
Asset Income Criteria: For net assets more than $5,000, actual asset income or 10% of the value, whichever is greater, will be added to the total household gross annual income; tax-deferred retirement assets are excluded. Pre-Close (at application + gift funds)
Asset Limit Criteria: No set asset limit.
Down Payment Requirement: 3% of the purchase price; 3% minimum down payment with a max of 50% down. 50% of the 3% down payment must come from the buyer’s own funds. You may be required to contribute a down payment by the lender or to meet program ratio requirements.
Credit Score Requirement: No credit score consideration (must pass lender’s criteria).
Good Faith Deposit due at contract: 1% of the purchase price at contract signing.
Program Requirement: First-Time Home Buyer Requirement
Title Requirements: Anyone over the age of 18 must be on Title, Agreement, and First Mortgage (exceptions for credit in certain circumstances).
HOW TO VIDEOS AND RESOURCES
How to create a MyHouseKeys account: Creating a MyHouseKeys account 11/25/22 (loom.com)
How to enter a drawing: How to Enter Opportunity Drawings (loom.com)
How to find your file cabinet and upload documents: click here
How to name your documents in your file cabinet: click here
Frequent mistakes to avoid when uploading to your file cabinet: click here
Document Naming Conventions: click here
General Orientation and Quiz: Orientation Catalog — HouseKeys
How to package a buyer file, application forms, and general lender list: Packaging a Buyer File — HouseKeys
If you are no longer interested: How to opt out of a drawing (loom.com)
Please do not visit or contact the Pulte sales office. HouseKeys will invite selected applicants to a Below Market Rate Program Open House.
landing (flats)
Six units - 2 no longer available and 4 to be completed this year.
lookout (rows)
Nine units to be completed in 2022-2023.
Please do not visit or contact the Pulte sales office. HouseKeys will invite selected applicants to a Below Market Rate Program Open House.
Rich in history with beautiful waterfront views, Bay37 in Alameda will feature new construction homes, townhomes, and condos with Life Tested® floor plans, smart home features, modern architecture, and energy-efficient construction. This new home community in the Bay Area will boast a variety of amenities for residents including picnic areas, a playground, a public dock, walking paths along the estuary, and more! A total of 357 homes will be built in this community.
Next is the List of Previous Drawings
No Longer Available
The terms or forms for the drawings listed below may not apply to newer Drawings.
Opportunity Drawing Index #204
No Longer Available
2892 Fifth Street, #14 - 3 bd - No longer Available
2862 Fifth Street, #14 - 2bd - No Longer Available
Opportunity Drawing #225
no longer available
Landing / 2895 Tradewind Dr., #9 / 3 Bd, Plan 4 / $472, 600 / HOA $714/mo.
Minimum Occupancy Criteria: 3 people - No Exceptions
If you applied after the Drawing Entry Deadline, your application ID will not be on this list.
OPPORTUNITY DRAWING #226
no longer available
Landing / 2863 Fifth St. #10 / 2 Bd, Plan 1 / $412,420 / HOA $714/mo.
Compass/ 502 Oak Ridge Ln, #16 / 2 Bd, Plan 1 / $450,928 / HOA $561/mo.
Compass/ 508 Oak Ridge Ln, #16 / 2 Bd, Plan 1 / $450,928 / HOA $561/mo.
Minimum Occupancy Criteria: 2 people - No Exceptions
The deadlines and instructions for Opportunity Drawing 225 and 226 are as follows:
Properties Designated AMI: 120% - Up to Moderate Income
Deed Restriction Terms: 59 years (Please see the Drawing Notice)
Accepting Drawing Entries: 01/27/2022
Drawing Entry Deadline: 2/15/2022 by 5:00PM
Ranking Results Publish Date (approximate): 02/25/2022
File Submission Deadline: 03/01/2022 by 5:00PM
Drawing Entries with a complete file received after the drawing entry deadline will be added to the end of the processing list. Files with no drawing entry are null and void. Start uploading your file now.
NEW REQUIREMENT - Must have a pre-approval from a registered lender.
Solar Installation Required: Buyers are required to have solar in their ownership unit. See more details on the Opportunity Drawing Notice.
To learn more about the program and access the recorded orientation, please go to City of Alameda Housing Programs (housekeys17.com) and scroll to the middle of the page.
Application Forms are available now and applicants can download the Application Packet and Checklist Form.
City Preference Form (Point based): Click HERE
Opportunity Drawing #227 - now closed
227 Spanish Flyer | Chinese Flyer | Tagalog Flyer | Vietnamese Flyer
Landing / 2836 Tradewind Ct #5 / 2 Bd, Plan 1 / $487,584 / *HOA $565 - $714/mo.
Compass / 506 Martin Mariner Ave, #19 / 2 Bd, Plan 1 / $525,499 / *HOA $366 - $561/mo.
Compass / 512 Martin Mariner Ave, #19 / 2 Bd, Plan 2 / $525,499 / *HOA $366 - $561/mo.
Compass / 502 Oak Ridge Lane #16 (If available) / 2 Bd, Plan 1 / / *HOA $366 - $561/mo.
Lookout / 416 Pawnee Lane, #21 / 2 Bd, Plan 2 / $522,637 / *HOA $366 - $561/mo.
Lookout / 2808 Crusader St, #25 / 2 Bd, Plan 2 / $522,637 / *HOA $366 - $561/mo.
Lookout / 582 Pawnee Ln, #20 / 2 Bd, Plan 3 / $522,637 / *HOA $366 - $561/mo.
Minimum Occupancy Criteria: 2 people - No Exceptions
*Prices are based in Income Category Limits and are subject to change
*HOA amount is current estimate and is subject to change
Solar Installation Required and is not included in the purchase price: Buyers are required to have solar in their ownership unit and purchasing solar by the buyer is required. The Solar Power installation is completed by Sunnova or SunPower. Buyers may either purchase the Solar Power Unit, adding the cost to the purchase price and financing it through their lender, or lease directly from the solar provider. A Capital Improvement Credit will be added to the buyer’s purchase cost, and the depreciation schedule will be noted in an addendum to the Agreement. Please work with your loan officer to ensure this cost is considered. The cost of Solar panels can range from $9,400 to $14,000.
Please see the Opportunity Drawing Notice for contact information for each of the Solar Panel Companies.
Drawing Results for OD Index 227 have been posted. If you have any questions, please contact customerservice@housekeys.org.
The deadlines and instructions for Opportunity Drawing 227 are as follows:
Properties Designated AMI: 120% - Up to Moderate Income
Deed Restriction Terms: 59 years (Please see the Drawing Notice)
Accepting Drawing Entries: 9/2/2022
Drawing Entry Deadline: 9/16/2022 by 5:00PM
NO LONGER ACCEPTING ENTRIES
Ranking Results Publish Date (approximate): 9/19/2022
File Submission Deadline: 9/28/2022 by 5:00PM Start uploading your file now.
Files without a drawing entry form are null and void.
NEW REQUIREMENT - Must have a pre-approval from any lender to enter drawing. The City does not allow loans with mortgage insurance.
Solar Installation Required: Please see the Opportunity Drawing Notice for more details. The cost is not included in the purchase price.
Mortgage Insurance Information: The City does not allow loans with mortgage insurance.
HOA Dues cover the following…
All common areas are maintained including: The exterior maintenance and repair of the building (roof, paint, gutters, railings, balconies)
Hazard Insurance on the exterior structure of the building.
A portion of each owners HOA goes to the Alameda Transportation Management Association for Shuttle Services and to help address and to assist with public transportation needs
Maintenance and regular inspections of fire sprinkler/suppression systems
All common area landscaping in and around each building and community parks.
Streets – (all private only) – maintained and repaired
Lighting, benches, garbage cans, mailboxes, etc.
Pocket Parks – Bay37 Community pocket parks
Mitchell Greenway
Waterfront Park will be a public park that is maintained by the City. – Amenities include children’s play area, picnic tables, BBQ and outdoor exercise equipment.
Common area Utilities
Management fees long term reserves requirements
To learn more about the program and access the recorded orientation, please go to City of Alameda Housing Programs (housekeys17.com) and scroll to the middle of the page.
Application Forms are available now and applicants can download the Application Packet and Checklist Form.
City Preference Form (Point based): Click HERE - make sure to review this form BEFORE applying so you can answer the questions regarding the city’s preferences correctly or it may impact your ranking.
City Program Documents and Restriction Agreements: The buyers will be required to sign the following documents. Please ensure you and your loan officer/lender review the documents carefully. Feel free to hire an attorney to help you understand them and to ensure this is the type of program you are willing to follow and participate in.
Program Documents:
Quick Recap
Download and Complete the Full Application Packet.
Go to MyHouseKeys.Com and setup your account
Obtain an Application ID for the City of Alameda BMR Program
Sign Up for an Orientation Class on the Event Calendar or watch the recorded version
Contact a Loan Officer registered with HouseKeys or Your Own Contact
NEW REQUIREMENT - Must have a pre-approval letter from any lender to enter the drawing. The City does not allow loans with mortgage insurance. If you choose to go with your own lender, make sure they review:
Enter an Opportunity Drawing on MyHouseKeys.com
Note on Lender List: It includes Lenders who are familiar with Below Market Rate Programs, have experience coordinating with government agencies, and who have had their management review the legal documentation. The City does not allow loans with mortgage insurance.
If you don't yet have an Application ID for the City of Alameda's Program and want to stay informed, please get one because that will determine our email recipient list. Thanks so much for your patience with us as we onboard the City of Alameda and this new project.
651 Martin Mariner Ave, Alameda, CA 94501
Income Limits 2022
CLOSED - Opportunity Drawing #443
(No Longer Available - Buyer Identified) Landing / 2836 Tradewind Ct #5 / 2 Bd, Plan 1 / $390,576 / *HOA $565 - $714/mo.
(No Longer Available - Buyer Identified)Compass / 506 Martin Mariner Ave, #19 / 2 Bd, Plan 1 / $456,540 / *HOA $366 - $561/mo.
Lookout / 582 Pawnee Ln, #20 / 2 Bd, Plan 3 / $456,540 / *HOA $366 - $561/mo. - Carried over to OD #258
Lookout / 416 Pawnee Lane, #21 / 2 Bd, Plan 2 / $456,540 / *HOA $366 - $561/mo. - Carried over to OD #258
Lookout / 2808 Crusader St, #25 / 2 Bd, Plan 2 / $456,540 / *HOA $366 - $561/mo. - Carried over to OD #258
(No Longer Available - Buyer Identified)Lookout / 2858 Crusader St, #26C / 2 Bd, Plan 2 / $456,540 / *HOA $366 - $561/mo.
The applicant and co-applicant (if any) must be US Citizens or legal Resident Aliens.
Minimum Occupancy Criteria: 2 people - No Exceptions
This is a program for First Time Home Buyers. The applicants may not have owned a home within the past three years from the date of application.
City Guidelines: Click HERE
*Prices are based in Income Category Limits and are subject to change
*HOA amount is current estimate and is subject to change
Solar Installation Required and is not included in the purchase price: Buyers are required to have solar in their ownership unit and purchasing solar by the buyer is required. The Solar Power installation is completed by Sunnova or SunPower. Buyers may either purchase the Solar Power Unit, adding the cost to the purchase price and financing it through their lender, or lease directly from the solar provider. A Capital Improvement Credit will be added to the buyer’s purchase cost, and the depreciation schedule will be noted in an addendum to the Agreement. Please work with your loan officer to ensure this cost is considered. The cost of Solar panels can range from $9,400 to $14,000.
Please see the Opportunity Drawing Notice for contact information for each of the Solar Panel Companies.
The deadlines and instructions for Opportunity Drawing 443 are as follows:
Properties Designated AMI: 120% - Up to Moderate Income
Deed Restriction Terms: 59 years (Please see the Drawing Notice)
Accepting Drawing Entries: 2/24/2023
Drawing Entry Deadline: 3/17/2023 by 5pm PST
Ranking Results Publish Date (approximate): 3/24/2023
OD 443 File Submission Deadline: 3/31/2023 by 5:00PM Start uploading your file now.
Files without a drawing entry form are null and void.
NEW REQUIREMENT - Must have a pre-approval from a registered lender to enter drawing. The City does not allow loans with mortgage insurance. To view a list of approved, registered lenders click HERE.
PLEASE NOTE: THE PRE-APPROVAL REQUIREMENT FOR ENTRY HAS BEEN REMOVED FOR THIS OPPORTUNITY. THE PRE-APPROVAL PACKAGE IS DUE ALONG WITH THE INITIAL FILE BY 3/31/2023 5:00 PM.
Solar Installation Required: Please see the Opportunity Drawing Notice for more details. The cost is not included in the purchase price.
Mortgage Insurance Information: The City does not allow loans with mortgage insurance.
HOA Dues cover the following…
All common areas are maintained including: The exterior maintenance and repair of the building (roof, paint, gutters, railings, balconies)
Hazard Insurance on the exterior structure of the building.
A portion of each owners HOA goes to the Alameda Transportation Management Association for Shuttle Services and to help address and to assist with public transportation needs
Maintenance and regular inspections of fire sprinkler/suppression systems
All common area landscaping in and around each building and community parks.
Streets – (all private only) – maintained and repaired
Lighting, benches, garbage cans, mailboxes, etc.
Pocket Parks – Bay37 Community pocket parks
Mitchell Greenway
Waterfront Park will be a public park that is maintained by the City. – Amenities include children’s play area, picnic tables, BBQ and outdoor exercise equipment.
Common area Utilities
Management fees long term reserves requirements
To learn more about the program and access the recorded orientation, please go to City of Alameda Housing Programs (housekeys17.com) and scroll to the middle of the page.
Application Forms are available now and applicants can download the Application Packet and Checklist Form.
City Preference Form (Point based): Click HERE to access the form. Make sure to review this form BEFORE applying so you can answer the questions regarding the city’s preferences correctly or it may impact your ranking.
REQUIRED INITIAL FILE *All deadlines and timelines are based on Pacific Time Zone (California) - DUE ON MARCH 31, 2023 BY 5:00 PM OR SOONER
HouseKeys Program Application
Loan Pre-Approval Documentation from a Registered Lender. Pre-approvals by an unregistered lender will not be accepted and delay your review process. The pre-approval package from your lender should include the pre-approval letter, 1008 form, 1003 form, and DU (desktop underwriter) form. In addition to the HOA monthly fees and insurance, please ask your loan officer to include the additional non-mortgage payments which include the mello roos / special bond tax and the monthly solar lease (if you are not purchasing solar). Remind them that the city’s program does not allow loans with Mortgage Insurance.
Latest Tax Return (for all adult household members)
Last 30 Days of Paystubs (for all adult household members)**
Proof of Down Payment Funds
Preference Form and proof you meet the preference if applicable
***If you are Self-Employed, submit your last year's Profit and Loss Statement and your Year to Date Profit and Loss Statement (one for each business) for all adult household members.
