Below Market Rate (BMR) Ownership Housing
A Below-Market-Rate (BMR) home is a home that is priced to be affordable to households that are low to moderate income. Usually, the BMR price is lower than the prices of similar homes that are being sold on the open market. BMR owners must occupy the home as their primary residence and cannot rent the home.
Affordable Housing Interest List
We keep an interest list for people who are interested in affordable housing opportunities. As new affordable housing becomes available, we will send you information for each individual project or unit (description of the housing and income requirements). Please note, the interest list is not an application wait list, it is an "interest list" only. To get on our affordable housing interest list, please sign up for email updates below:
Existing BMR Homeowners
Information coming soon...
BMR Homes for Sale
At this time, there are no BMR homes available.
2018 Affordability Tables & Maximum Sales Price Examples
2018 Maximum Allowable Household Incomes
|Moderate Income (120% of AMI)||$87,700||$100,250||$112,750||$125,300||$135,300||$145,350||$155,350||$165,400|
|Median Income (100% of AMI)||$73,100||$83,500||$93,950||$104,400||$112,750||$121,100||$129,450||$137,800|
(80% of AMI)
HUD-Approved Homebuyer Education Workshops
Additional Resources and Information
- The California Housing Finance Agency (CalHFA) offers several First Mortgage and Down Payment Assistance Programs. Call 877-922-5432 for more information.
- First Time Home Buyer Information
Mortgage Credit Certificate Program
Alameda County's Housing and Community Development Department (HCD) runs the Mortgage Credit Certificate (MCC) Program throughout the County. MCC provides income eligible, first-time homebuyers with an opportunity to reduce the amount of federal income tax otherwise due by an amount equal to 15% of the mortgage interest payments as a dollar for dollar credit on their annual taxes. The remaining 85% can be taken as the usual allowable deduction of the itemized return. The result increases the household's overall income and ability to qualify for a mortgage loan. The federal income tax advantage provided by the MCC allows the income qualified, first-time homebuyers the opportunity to obtain a higher 1st mortgage.
Housing & Community Development (HCD)
224 W. Winton Ave., Suite 108 Hayward, CA 94544
For hearing impaired call: (510) 265-0253