Many of the Community Land Trust Properties have received various types of funding, which place certain restrictions on the property that NCLT is required to pass on through our ground lease.
Homeownership applicants will be rated on the following criteria to determine their eligibility for the program and their ranking relative to other applicants in the Eligible Buyer Pool. If an applicant is deemed ineligible, they will be notified why, and will be given information on any other housing programs for which they may be eligible. Finalists will be interviewed, and ranked based on interview to determine readiness for homeownership and ability to contribute positively to the Berkeley community.
1. Household Income
Household income must be no greater than the maximum allowable under applicable regulatory agreements for the available home. Income will be verified through documentation provided to NCLT and the lender.
The Maximum Allowable Income at time of purchase is determined annually by the Department of Housing & Urban Development (HUD). The maximum income by household size is shown in the chart below. Note: all amounts are Gross Annual income (i.e. before taxes are taken out.)
|Household Size ||One Person ||Two People ||Three People ||Four People ||Five People |
|Allowable Maximum Household Income for 2016 (80% AMI) ||$54,640 ||$62,400 ||$70,240 ||$78,000 ||$84,240 |
* 80% Area Median Income (AMI) table pursuant to 2016 HUD Standards for Alameda County
2. Household Size
The size of the applicant household must be appropriate for the number of bedrooms in the home that the applicant is applying for. (i.e. a 3 or 4 person household will have higher ranking than a 1 or 2 person household for a 3 bedroom unit).
3. Credit History
Applicant must have a relatively good credit history, or be working on cleaning up their credit record. Free credit counseling assistance is available. NCLT is interested in people who show a responsible attitude toward their financial obligations.
4. Rental History
Applicant must provide verifiable references from present and prior landlords indicating a good rental history including timely rental payments and good maintenance of the home or apartment.
5. Priority Target Groups
Some NCLT homes may be targeted to serve people with special needs or may give preference to certain groups as required by City subsidy funding requirements.
The Northern California Land Trust (NCLT) is an equal opportunity housing provider. NCLT complies with the provisions of federal, state and local law prohibiting discrimination in housing on the basis of marital status, race, color, religion, ancestry, gender, sexual orientation, age, national origin, Acquired Immune Deficiency Syndrome (AIDS) or AIDS-related condition, physical handicap or other arbitrary basis.
* Note regarding methodology used to calculate maximum income limit:
For many of the CLT Homes, the maximum income at time of purchase is 60% of the Area Median Income (for the City of Berkeley the method is determined and published annually using the methodology in City of Berkeley Resolution 61,497.)