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 GROUND LEASE

The Restricted Lease program is designed to help address the challenge of finding affordable housing in Palo Alto and surrounding cities.

The Restricted Lease program is designed to help address the challenge of finding affordable housing in Palo Alto and surrounding cities. By restricting certain rights of lessees, the University is able to offer long-term leasehold interests at significantly less than the cost of either a conventional leasehold interest or outright ownership of an otherwise comparable home.