With a sunny climate, beautiful homes, strong business community, and a variety of cultural amenities, Pleasanton and the Tri-Valley are attractive locations for potential residents, whether they are looking to rent or buy. Fortunately, even though establishing a new home can be a daunting task, there are a number of resources to call upon in your search.
Between homes, townhomes, and apartments, about 1,500 different housing options exist within Hacienda itself, and there are more on the way. As part of a mixed-use, transit-oriented development close to BART, noted builder BRE Properties is constructing 251 apartments at 4410 Hacienda Drive and another 255 units at 4777 Hacienda Drive. A 168-unit complex, St. Anton Hacienda, is slated for 5729 W. Las Positas Boulevard, and The Residences at California Center, a sustainably designed apartment community consisting of 305 units paired with 7,500 square feet of retail, is scheduled for construction at Owens and Rosewood drives.
Among Hacienda's existing housing, you will find four separate projects from Signature Properties, a firm headquartered in the park that also developed Pleasanton's acclaimed Ruby Hill community. Signature's first project in the park was Verona, a 140-unit complex of two- to four-bedroom townhomes at the corner of W. Las Positas Boulevard and Stoneridge Drive. The other three developments-Siena, Avila, and Valencia - offer a range of two- to five-bedroom homes and two- to four-bedroom townhomes. All are located at the intersection of Hacienda Drive and Gibraltar Drive (North). Each Signature complex has a recreation area featuring a pool and cabana as well as access to Hacienda's linear park with basketball courts and tot lots.
The 540 units at Archstone Hacienda (5700 Owens Drive, (925) 398-7368, www.equityapartments.com ) come equipped with a long list of features. Each apartment has luxury appointments including ceramic tile entries, high ceilings, built-in computer desks, air-conditioning, washer and dryer, and walk-in closets. Some units have a fireplace, patio, or balcony. All are just five minutes to BART. A fitness center, two pools, and two spas are among the amenities. The one-, two-, and three-bedroom units range in size from approximately 800 to 1,300 square feet.
Springhouse Apartments (5500 Springhouse Drive, (925) 847-9438, www.springhousepleasanton.com ) is a complex of 354 units, ranging from one-bedroom junior suites to two-bedroom townhouses, all providing the comfort and amenities of home. All units have washers and dryers and air conditioning. Many of the apartments, and all of the townhouses, have fireplaces. Apartments range from 570 to 990 square feet; townhouses, from 750 to 1,015 square feet. Nestled in a park-like setting, the complex offers a pool, three spas, and a newly-renovated onsite fitness center.
Whether you are looking for a real estate professional to help find the ideal home or an institution to assist with the purchase and financing, these Hacienda businesses can assist.
There are multiple resources for prospective home owners and renters when it comes to finding a place to live. Whether the need is informational or financial, these special assistance programs can be a critical aid.
Tri-Valley Housing Opportunity Center (TVHOC): The TVHOC is a home buyer education center working regionally to promote affordable homeownership and rental opportunities in the Tri-Valley region. HUD approved, the organization operates as a non-profit collaboration involving the cities of Pleasanton, Dublin, Livermore, San Ramon, and Danville. The TVHOC offers a broad array of educational resources on topics that include budgeting, understanding credit, below market rate home ownership opportunities, foreclosure prevention, and more. One-on-one counseling is also offered to potential home buyers as well as to homeowners at risk of foreclosure. As of September, the TVHOC also began offering free services for mortgage applicants to the FHA's "Back to Work" program, which allows people who have experienced a home foreclosure or short sale due to a significant loss of household income or unemployment to qualify for an FHA loan in an accelerated rate of time. Potential first-time home buyers may also be interested in the TVHOC's class, "Budgeting, Borrowing, Buying, and Beyond: Pre-Purchase Education," which will be taught at Las Positas College on November 16. For more information, access tvhoc.org or call (925) 373-3130.
Beyond their contribution to the TVHOC, the City of Pleasanton is also involved with programs for both buyers and renters.
Pleasanton Home Ownership Assistance Program (PHAP): Since 1992, the City of Pleasanton has had a first-time buyer assistance program for affordable homes in new subdivisions, with a variety of housing types. Competition for the homes through a lottery system has generally given priority to Pleasanton residents and employees. In some cases, second mortgages have been offered by the City or through other sources to bridge the gap between a minimum down payment and the amount of the primary loan so that buyers can qualify to purchase homes. Information on current opportunities for the purchase of below-market rate homes is available through the TVHOC or the City of Pleasanton Housing Division, (925) 931-5007.
Mortgage Credit Certificate (MCC) program: Additional assistance is available through the MCC program. Using an MCC, income-eligible first-time home buyers have the opportunity to reduce the amount of federal income tax they owe each year they own and live in their home. The MCC assists a family in qualifying for a higher first mortgage, with no effect on monthly expenses. The MCC program is coordinated in Pleasanton by the Alameda County Housing and Community Development (HCD) office in cooperation with the City of Pleasanton. Interested applicants can contact the HCD office at (510) 670-5799 or via the website at www.acgov.org/cda/hcd/mcc_program/ .
Below-Market Rental (BMR) Housing Opportunities: Over 800 below-market rental apartment units have been built since the mid-1980s. BMR units are available to qualifying renters in Hacienda at the Archstone complex, with additional units slated for the new units mentioned under Hacienda Homes above. Additional BMR units are located throughout the city. For details on the BMR program, go to www.cityofpleasantonca.gov/community/housing/below-market-rental.html . Contact the leasing managers directly for information.
Down Payment Assistance Program: Pleasanton has a down payment assistance loan program for low- and moderate-income homebuyers. Assistance is in the form of a low-interest (3.5%) loan, up to $20,000, that is amortized over 20 years. Call the City of Pleasanton's Housing Division at (925) 931-5007 or visit www.cityofpleasantonca.gov/community/housing for more information.
Tri-Valley Housing Scholarship Program: The nonprofit Abode Services manages this program, which provides temporary housing subsidies to participants of job training programs while they are in school. For more information, call the Tri-Valley Housing Scholarship Program at (925) 373-5313 or visit www.abodeservices.org/programs_tvhousingscholarship.html .
ECHO Housing, a Bay Area nonprofit agency, provides a Rental Assistance Program which can help with move-in costs or helps residents with delinquent rent due to a temporary financial setback. Call (925) 449-7340 or visit www.echofairhousing.org for details.
City of Pleasanton Housing Division: For information on housing programs offered by the City of Pleasanton, including home rehabilitation loans and grants, exterior paint grants, and more, contact Scott Erickson at (925) 931-5007, email firstname.lastname@example.org , or visit www.cityofpleasantonca.gov .
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