Below-Market Rate Homes for Sale in Livermore
The city of Livermore has a portfolio of Below Market Rate homes which occasionally turn over for sale. The price of each home depends on several factors (the change in Area Median Income since the last sale, interest rates at time of resale, current HOA dues if applicable). In addition, each home is designated as either a Low or Moderate income home. Please reference the Income Limits chart to determine whether your household would qualify as either a Low or Moderate income household. Please note that each year, the City of Livermore publishes new income limits so these numbers are also adjusted annually.
The most recent pre-application period did not include potential 1 & 2 bedroom BMR homes that may come up for resale. Bookmark this page or sign up to our Stay Connected emails to learn about 1 & 2 bedroom BMR opportunities in the City of Livermore.
4131 Freeda Court
3 Bedroom/1.5 Bathroom, 1,181 Sq Ft
Purchase Price: $423,917
Income Band: 120% of the Area Median Income
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How to Apply
In order to qualify for this home, you must have applied to the City’s annual lottery on April 10, 2019. 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.
Preference Point Criteria
Applicants can qualify for up to 10 preference points based on the criteria below. All applicants will be grouped based on the total number of preference points the household earns through any combination of preference point criteria. Priority will be given to those groups with the highest preference point total (from highest to lowest). For instance, no household with 3 preference points will be ranked higher on the waitlist than a family with 4 preference points. Please note that there are exclusions to these criteria which are listed in the Preference Point section of the Affordable Homeownership Guidelines and all preference points will be verified during the application process.
Preference Point Categories:
Credentialed Teachers employed by the Livermore Valley Joint Unified School District – 2 points
To qualify for this preference point a member of your household must be a credentialed teacher employed full-time with the Livermore Valley Joint Unified School District for at least six months.
City of Livermore Emergency Responder – 2 points
To qualify for this preference point a member of your household must be a full-time regular employee of the City of Livermore or Livermore-Pleasanton Fire Department with one of the following job titles: Police Officer, Sergeant, Lieutenant, Community Services Specialist, Firefighter, or Firefighter-Paramedic.
City of Livermore Resident – 2 points
To qualify for this preference a member of your household must have a primary residence within the incorporated city limits and must have resided there for a minimum of six months prior to the date of the pre-application.
Work in the City of Livermore – 2 points
To qualify for this preference point a member of your household must work as a full-time (minimum 32 hours per week) permanent employee at a business located within the city limits OR a household member’s disability or retirement income is based on prior employment in Livermore.
Tenant of a Rent Restricted Unit in the City of Livermore – 1 point
To qualify for this preference point a member of your household must live in a recognized City of Livermore subsidized rental-housing unit. These are defined by having deed or regulatory restrictions recorded against the property restricting rents on all or a portion of their units to low income tenants.
U.S Military Veteran – 1 point
To qualify for this preference point a member of your household must be a Veteran of the U.S. military. The eligibility definition of veteran status shall be according to the military service requirements for the VA home loan guarantee program.
|Household Size||Low-Income Limit at (80% AMI)||Moderate-Income Limit at (120% AMI)|
|1 person||Not eligible||Not eligible|
|2 people||Not eligible||Not eligible|
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 Livermore’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.