178 Euclid

San Gabriel Valley Habitat for Humanity (SGV Habitat) has partnered with 178 Euclid Investments LLC to sell three (3) affordable housing units in their new development (178 S. Euclid) in the City of Pasadena. These are designated as very low-income units and are available to income-eligible, first-time homebuyers.

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Project Description

42 new single family market rate condominium units and 1000 sq. ft. of commercial space in Pasadena’s historic playhouse district. This residential community offers residents 10ft ceilings, a common lounge, lush courtyard, and onsite parking.

Large covered 2nd-floor terrace courtyard, Secure lobby with mailboxes, Elevator servicing for all floors, 1 locked storage space per unit.

1000 sq. ft. of commercial space, Indoor recreation room, Gated Underground Parking Garage (EV charging stations available).

Italian-made cabinetry, Quartz countertops and backsplashes in kitchens, Samsung appliances, including a built-in microwave.

Soaring 10 ft. ceilings, Floor to ceiling windows, Patio or balcony space in all units with patio door assemblies.

Available Units

Three (3) affordable housing units at an affordable sales price

2 bed, 2 bath, 1,125 sq. ft.

Sale price $62,600

1 bed, 1 bath, 805 sq. ft.

Sale price $54,300

Eligibility Requirements

 

Other Important Information

This project has received financial assistance that ensures that homebuyers are sold homes at affordable sales prices. Homebuyers will spend approximately 30% of monthly total income on housing expenses. Housing expenses can include; principal mortgage amount and interest, property taxes, homeowners’ insurance, HOA fee, utility allowance, parking fees, and mortgage insurance (if applicable).

In exchange for the benefits of this assistance, there are some restrictions. If you want to sell the house during the term of your purchase agreement, the City of Pasadena will have the first right to re-purchase the property. Additionally, the property that you purchase must remain owner-occupied for the term of the mortgage. Meaning, you are not allowed to rent out your home. Additional loan terms may accompany this purchase.

Process

  1. 1 Screening
  2. 2 Qualification
  3. 3 Selection

Step 01

Screening

The screening process will be open from 5/27/2022 and anyone is welcome to submit an application. On 6/27/2022 this initial application period will close. All eligible pre-qualified applicants will be placed into groups based on local preference points per City policy, and then randomly assigned a processing order. SGV Habitat will then invite applicants in that order to submit full applications, including documents of verification.

 

 

Step 02

Qualification

Those invited to submit full applications should be prepared to submit all household income, asset and employment documentation. The application will include a credit check, landlord and employment verification, and additional required documents. SGV Habitat will continue to qualify eligible homebuyers until all units are filled. All three (3) units will be ready to purchase sometime late summer 2022. The number of qualified applicants may exceed unit availability.

Step 03

Selection

Eligible applicants will be approved by the City of Pasadena and invited to purchase an affordable unit at the 178 S Euclid Project.

Apply Now

The screening process will open 5/27/2022. Anyone is welcome to submit an application. At midnight on 6/27/2022 this initial application period will close, and no more applications will be accepted.

 

Do you have questions? Please contact our homeownership department:
homeownership@sgvhabitat.org or (818) 937 – 2010.

Apply Now