Registration Form – Second Lottery

INTEREST LIST

There is a second random-number drawing (lottery) for the remaining homes that were not reserved in the first lottery held last year. In order to participate in the lottery, all faculty eligible to purchase a University Terrace home must complete and submit a registration form (interest list application). Faculty couples with dual eligibility may apply individually. Those first lottery participants who have reserved a single-family home are not eligible to participate in the second lottery. Those first lottery participants who have reserved a condominium home are eligible to participate in the second lottery if they are interested in a larger home. To find out what is available, call or visit the Information Center or go to the Interactive Map in The Community section of this website. All participants will be notified after the interest list application has been submitted and will receive a unique identifier. Interest List submissions are neither a guarantee of eligibility nor qualification to purchase. No priority will be given based on the timing of the submission. All entries will be verified by FSH and eligible participants will be notified when their application has been accepted. Applicants may withdraw from consideration prior to the lottery.

Registration for the interest list closed on May 19, 2017. The lottery results will be posted on May 26, 2017. More information regarding the purchase process is available here.

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Purchase Program Eligibility

Who is eligible for University Terrace ?

Eligibility for University Terrace is limited to:

Members of the Academic Council:

Who have term appointments of three years or more with the possibility of reappointment, or who have received tenure, or who have an appointment with a continuing term(1);

Who have an academic council appointment that is 100% and who is working full time (100% FTE);

Who are first time homebuyers (2); and

Who, and their spouse or registered domestic partner, have not owned a single-family home within the Qualifying Area in the three years prior to receipt of a written offer of employment from Stanford.

Note: An Eligible Person may use the University’s housing purchasing programs for only one property at a time. As an accommodation to condominium owners who are interested in participating in the University Terrace lottery, the following will apply:

  1. The condominium must be listed for sale within 90 days of the projected closing date of the new home;

  2. The condominium must be under contract/in escrow within 60 days of the projected closing date of the new home; and

  3. The condominium must close escrow before or concurrently with the new home purchase.

(1)In order to participate in the lottery:

  1. The appointment must be approved by the President, and
  2. The appointment date and start date must be not more than sixty (60) days after the date the purchase transaction for the new home closes (close of escrow).

(2)A first time homebuyer is someone who has never had an ownership interest in a residential property located within the Qualifying Area in the three years prior to receipt of a written offer of employment from Stanford.