THE PRE-APPLICATION PERIOD IS NOW CLOSED

Please note that if you missed the May 5, 2017 pre-application deadline there will not be another opportunity to apply to the BMR homes at Towne Center. If you are interested in future BMR opportunities in the City of Lafayette, or the surrounding Bay Area, click on Stay Connected to subscribe to our E-Newsletter.

The ranking order from the lottery is available here. The results are anonymous, so each household must match their lottery number with their ranking order.

Below Market Rate Homes at Lafayette Towne Center

Hello Housing is pleased to be managing the sale of 7 Below Market Rate (BMR) homes on behalf of the developer, KB Home. These homes are located in downtown Lafayette, and sales prices are set to be affordable to moderate-income (120% AMI) households (income limits will apply). Each home will have recorded resale restrictions to ensure these homes remain affordable for future generations. Unlike many other BMR opportunities, there will be no preference points assigned and no household size restrictions for this development.

If you are interested in this development, future BMR opportunities in the City of Lafayette, or the surrounding Bay Area, click on Stay Connected to subscribe to our E-Newsletter.

BMR Home Sizes and Prices

  • Two – 1 bedroom / 1 bathroom homes for sale at $292,676
  • Three – 2 bedroom / 2 bathroom homes for sale at $336,357
  • Two – 3 bedroom / 2 bathroom homes for sale at $380,319
  • HOA dues for all homes at Towne Center are $429/month

Please note, prices are based on dynamic factors including current interest rates, HOA dues, assessments or property tax rates, and Area Median Income limits, which are subject to change.

Features and Amenities

KB Home is committed to creating a vibrant community at Lafayette Towne Center:

  • Located in the heart of tree-lined downtown Lafayette
  • Walking distance to shopping, dining and entertainment
  • Commuter friendly location; just a short walk to Lafayette BART station
  • Conveniently located near area parks, walking trails, creeks, a playground and the extensive Lafayette bikeways system

Learn more about the homes

Download the Marketing Flyer
Download the Towne Center Floorplans

Non-Discrimination Policy

Hello Housing, KB Home, and the City of Lafayette do not discriminate against any persons on the grounds of race, color, religion, national origin, ancestry, sex, gender, gender identity, gender expression, sexual orientation, marital status, familial status, source of income, genetic information, medical condition, physical disability or mental disability, or any other category protected by law.

 

Income Limits
Effective as of March 2016 (subject to change annually).

Household Size Income Limit at 120% AMI
1 person $78,600
2 people $89,850
3 people $101,050
4 people $112,300
5 people $121,300
6 people $130,250
7 people $139,250

The Application Process

Buying a home, especially in the Bay Area, is an emotional journey. And because of the scarcity of affordable homes for sale, the competition to buy an affordable home in today’s market can be tremendous. Our goal is to create a qualification process that meets the City of Lafayette’s program requirements AND is respectful of your time. With this in mind, we have broken the application process down into a few key steps.

What to Expect

HELLO HOUSING IS A
PROUD AFFILIATE OF

Matt Franklin, CEO of MidPen Housing and President of Hello Housing, believes everyone deserves quality, affordable housing.

Michelle is a proud new homeowner who purchased a Hello Housing NSP home in San Lorenzo.

Board Member Rick Jacobus is a national expert using data, not anecdote, to design more impactful affordable homeownership programs.

Mardie Oakes, Executive Director, blends finance, design and development to make places people thrive.

Jennifer Duffy, Director of Business Development, turns opportunity into action with the Hello Housing team.

Apple lives in a new type of housing made possible by Senate Bill 962, sponsored by former Senate pro Tem Darrell Steinberg.

Larry shares a duplex with two housemates in an innovative residential program called the Family Teaching Model.

Tien is a proud new owner of an affordable home in Newark, as well a box full of tools to make home repairs easy.

Matt Warner, Program Director for Hello Stewardship, makes affordable homeownership happen.