Homebuyer's Informational Session - June 2, 2021 live east - Heartwood
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Homebuyer’s Informational Session June 2, 2021 live east
Today’s Agenda Introductions A Very Brief History of Heartwood Virtual Model Home Tour How to Buy - Process and What to do to Prepare Financing - Dreams2Reality and Construction to Perm Loans Meet the Builders Next Steps Q&A Closing
Meet the Team
Sarah Vidal Dan Gil Tricia Lopez Jacqueline Richardson Helen Harris Teresa Osoba Craig Wilburn Jessica Thompson Ryan Beacher Crystal Moss Donald Winter Jen Melaragno Bruce Cianci Michael Beard Tim Flanagan
A Very Brief History of
Heartwood
Sarah Vidal, GCRA Director
Press Conference at Kennedy Homes, February 2007
Master Planning Community Workshops, 2014
Home Models Offered Today
Dogwood
Cedar Crape Myrtle
Red Maple Elm
River Birch Palmetto
Live Oak
Cypress Longleaf Pine
Magnolia
Heartwood Lot Map, 2021
Red Maple Rendering
Model Home - Red Maple
Heartwood Model Home Virtual Tour
How to Buy
Craig Wilburn, Team DynamoDetermine Get Choose Lot Connect with Apply Online
Your Path Preapproved and Model the Realtor
Two Purchasing Paths
Step 1: Step 2: Step 3: Step 4: Step 5:
Determine Get
Get Choose Lot Connect with Apply Online
Prequalified
Your Path Preapproved and Model the Realtor
Two Purchasing Paths
Step
1:
Step 2: Step 3: Step 4: 10:00
a.m. on
Step
5:June 30
Determine Get Choose Lot Connect with
Apply
to
Online
Your Path Preapproved and Model 10:00
the Realtor p.m. July 14
11 Applicants Chosen
Randomly
12:00
p.m. on June 30
First 22 Applicants
Financing: Dreams2Reality
Helen Harris, City of Gainesville
Housing & Community DevelopmentDreams2Reality What is the Dream2Reality Program? The Dreams2Reality program was created specifically for Heartwood as a result of the City Commission’s direction to make a portion of the homes more affordable. The program offers 5 home models ranging from 1,389 to 1,525 square feet. The Dreams2Reality homes will be within the mid $190k to $210k range, depending on the floor plan and the buyer’s approved financing amount. The Dreams2Reality program will have up to $70k available per home, which will go towards the purchase of the home at the closing. Who is Eligible? To qualify, the applicant must meet the following criteria: • Does not currently own a home and has not owned a home since June 30, 2018 • Household income falls within the 2021 HUD Income Limits • Must be pre-qualified with one of the certified Down Payment Assistance lenders • Must contribute 2% of the sales price • Current resident of Alachua County • Must attend a homebuyer education workshop (to be scheduled after selection)
U.S. DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT
(HUD) INCOME LIMITS FOR GAINESVILLE MSA
2021
CITY OF GAINESVILLE
FAMILY EXTREMELY VERY LOW LOW
SIZE LOW INCOME INCOME
(30% MFI) (50% MFI*) (80% MFI*)
(Persons)
1 $15,400 $25,650 $41,000
2 $17,600 $29,300 $46,850
3 $21,960 $32,950 $52,700
4 $26,500 $36,600 $58,550
5 $31,040 $39,550 $63,250
6 $35,580 $42,500 $67,950
7 $40,120 $45,400 $72,650
8 $44,660 $48,350 $77,300
*Fiscal Year 2021 Median Family Income (MFI) = $80,800 CDBG/HOME
Effective 04/01/2021Financing: Construction to
Perm Loans
Becky Bessinger, Ameris BankHow is construction to perm financing different than traditional end loans? What does a buyer need to do to prepare to get prequalified for a construction to perm loan? What are the “Thou Shalt Nots?”
Meet the Builders Bruce Cianci Michael Beard Tim Flanagan
Timeline and Next Steps June 16, 3-6 p.m. Neighborhood Drive Through and Open House June 30, 10 a.m. Dreams2Reality Application Cycle Opens June 30, noon Homes with Construction to Perm Loans go on sale July 14, 10 p.m. Dreams2Reality Application Cycle Closes July 16 Notification of Selection of Dreams2Reality Applicants
Stay up to date Website: heartwoodgnv.com Instagram: gainesvilleeast Facebook: @gainesvilleeast
Contact the Heartwood Team
Heartwood Development Heartwood Home
City of Gainesville Builders
Gainesville Community Reinvestment Area Cianci Construction
Dan Gil, GCRA Project Manager Bruce Cianci, President
(352) 393-8207 (352) 792-6727
GilD1@cityofgainesville.org bcianci@cianciconstruction.com
gainesvillecra.com cianciconstruction.com
Dreams2Reality Program Elevated Design and Construction
Michael Beard, President
City of Gainesville 352-872-5994
Department of Housing and Community Development Michael@elevateddc.com
Helen Harris, HCD Supervisor elevateddc.com
(352) 393-8624
harrishj@cityofgainesville.org The Flanagan Companies Inc
cityofgainesville.org/HousingCommunityDevelop- Tim Flanagan, Owner
ment.aspx (352) 336-0743
tim@flanco.biz
theflanagancompanies.com
Realty Team
Keller Williams - Team Dynamo Realty General Inquiries &
(352) 363-1830
heartwood@tdynamo.com
Information
teamdynamo.kw.com heartwood@cityofgainesville.org
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