The 9 At Righetti by Ambient Communities

We are accepting Interest Confirmation Forms! Homes are available!

See instructions below

information and announcements

Price Reduction: From $474,775 to $460,000!
$20,000 BEGIN Down Payment Assistance through City of SLO on FIRST FOUR HOMES ONLY. To be eligible for the Loan, the applicants must be first-time home buyers*
3% Builder Incentive Toward Closing Costs or Interest Rate Buy Down for the BMR Homes

Buyers must be able to qualify for the City Program, the 2025 Annual Income Requirements. This is a deed restricted below market rate home for moderate income households. Purchase Contract subject to final approval by the City of SLO and HouseKeys

*Without the BEGIN loan, you don’t need to be a first-time home buyer; however, there are asset limits described in Section 3 of the Guidelines.

Single-level Living COndo style Units

View the project page here

learn about the application process here

You can use any approved lender/loan officer for San Luis Obispo, but the builder’s preferred loan officer is:

Donna Lewis at Rate - Branch Manager/SVP of Mortgage Lending - NMLS: 245945

Apply at www.rate.com/teamslo

If you wish to use another approved lender, please refer to the list below.

List of approved lenders

Program Documents & Disclosures

Resale Restriction, Excess Sales Proceeds Note, and Deed of Trust

This program requires you to sign a Restriction Agreement with a 45-year term.

Understanding the intricacies of the program documents is crucial when considering participation in a housing program. Deed restrictions, agreements, promissory notes, and deeds of trust are all legal instruments that can significantly impact the rights and obligations of property owners. For instance, deed restrictions can limit how a property is used, who you can sell it to, refinancing, and upgrading the home, and it requires the owner to occupy the home. It also sets conditions for its future sale, which includes a cap on the resale value and/or an equity share, depending on the program. Similarly, a promissory note is a binding promise to repay a loan and/or excess sales proceeds (the difference between the home's fair market value and the maximum restricted resale price), and a deed of trust secures the promissory note by placing a lien on the property. Click below to access & review the documents to ensure this program is for you. You can hire an attorney to help you understand the Program Documents you’ll sign and promise to abide by.

Program Documents and Guidelines