A below-market rate condominium has been unveiled for sale at Hayward's SoHay residential development. Located at 345 Rhythm Lane, the one-bedroom, one-bathroom unit is priced at $439,230 and is restricted to households earning 120 percent or below the Area Median Income (AMI), per the City of Hayward.
The SoHay development resides near the South Hayward BART station and aims to meet the growing need for affordable housing. As housing prices surge in the San Francisco Bay Area, this type of opportunity becomes crucial for those struggling to gain footing in the market. The current income eligibility requirements can be found on the California Department of Housing and Community Development's website.
The 429-square-foot condominium boasts modern appliances such as stainless steel kitchen appliances and granite countertops, complete with a laundry area and a single-car garage. This unit is part of the City of Hayward's Affordable Housing Program, aimed at providing accessible housing for moderate-income households.
Residents interested in purchasing the unit should contact Miriam Porras, the seller's real estate agent at Coldwell Banker. The city provides additional information regarding its affordable housing programs and offers Spanish language assistance.