FAQ

 

DESCRIPTION OF THE COMMUNITY:

1. What is University Gables?

2. Why was University Gables established?

3. Why is the campus building an affordable community rather than giving employees financial assistance to buy in the outside marketplace, as some universities do?

 

DESCRIPTION OF HOUSES AND TOWNHOUSES:

4. What types of housing units are there in University Gables?

5. What are the current prices for homes in University Gables?

6. What amenities are featured in University Gables?

7. Are any single-story units or handicapped-accessibility features available?

8. How far from campus is University Gables?

9. What is the neighborhood setting for the site?

 

PURCHASING A HOME IN THE UNIVERSITY GABLES:

10. How can I purchase a home in University Gables?

11. Who is eligible to purchase homes in University Gables?

12. What are the current Orange County median income figures?

13. How is "income" determined?

14. Who has priority for purchase of homes?

15. How does a person apply to purchase a University Gables home?

16. Who can afford to buy the homes?

17. Is there any special financing available for home purchases?

 

LEASE OF LOTS:

18. How does the ground lease work?

19. What ground rent and fees do homeowners pay under the ground lease?

20. What are the other terms of the ground lease?

21. Are pets allowed in University Gables?

 

RESALE CONTROLS

22. What controls are on the resale price of homes?

23. Are there any fees payable by a homeowner upon resale of homes?

24. To whom can the homeowner resell the home

25. Can homeowners be required to sell their homes?

26. How can I decide whether a University Gables home is a good investment for me?

 

ADMINISTRATION AND MANAGEMENT OF UNIVERSITY GABLES

27. Who administers the University Gables Program?

28. Is there a homeowner's association?

 

OTHER INFORMATION

29. How can I get more information about University Gables?