You are in the Altamont Village if your home is located off of Pasadena. There isnt a scheduled date at this time. The village will need to be close to build out in order for the state and local governments to go ahead with construction. Most of the funding comes from the government and they have a head count that needs to be met before they can move ahead. Right now your neighbor's kids are probably going the Bethany school located in Bethany Village, across from the creek, on Escuela Drive.
Have you gone to http://mhvillages.com/forum/ this is a great site to connect with neighbors and keep up to date with the things going on in Mountain House.