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.
General BMR Information & Eligibility Requirements Guide
Affordable Homebuyer Program Guidelines

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:

To sign up for updates or to access your subscriber preferences, please enter your contact information below.

BMR Homes for Sale

Here is the current listing of BMR Homes for Sale:

34872 European Terrace, Union City, CA 94587 (Click on link for more details on property)

Existing BMR Homeowners

Affordable Homebuyer Program Guidelines
First Mortgage Refinance & Subordination Requirements

2022 Affordability Tables & Maximum Sales Price Examples

2023 Area Median Income(AMI) Limits - Alameda county

Extremely Low (30% AMI)$31,050$35,500$39,950$44,350$47,900$51450$55,000$56,600

Very Low
 (50% AMI)
(80% AMI)
(100% AMI)
(120% AMI)

HUD-Approved Homebuyer Education Workshops

HUD - Approved Homebuyer Education Workshops

Additional Resources and Information

  • AC Boost 
    AC Boos is a down payment assistance program that provides financial assistance to middle-income working households to purchase a home in Alameda County. The program offers shared appreciation loans of up to $150,000 to first-time homebuyers who live in, work in, or have been displaced from Alameda County. For more information please call (510) 500-8840 or visit
  • California Housing Finance Agency (CalHFA) 
    CalHFA offers several First Mortgage and Down Payment Assistance Programs.  Call 877-922-5432 for more information.
  • Community Housing Development Corporation (CHDC) - NeighborhoodLIFT Program
    The NeighborhoodLIFT Program provides down payment assistance up to $30,000 for qualified buyers. Assistance is not limited to first time home buyers. Call (510) 412-9290 for more information.  
  • Mortgage Credit Certificate Program
    The Mortgage Credit Certificate (MCC) Program 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. Call (510) 670-5246 for more information.
  • Additional First Time Home Buyer Information