Below-Market Rate Homes in Livermore: Application period now closed.
The application period for the City of Livermore closed on April 8, 2019 at 5PM. All eligible applicants were entered into a lottery which was held 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.
Hello Housing is pleased to once again be managing the sale of all three and four-bedroom homes that come available through the City of Livermore’s Below Market Rate Program in 2019. Eight brand-new homes will be offered at Auburn Grove and Centra and sales prices for these homes are set to be affordable to low-income (80% AMI) and moderate-income (120% AMI) households. For 80% AMI the prices are $282,070 for a three-bedroom home and $310,678 for a four-bedroom home; for 120% AMI the prices are $423,917 for a three-bedroom home and $463,650 for a four-bedroom home. Income limits will apply.
In addition to the new developments listed above, any pre-existing three and four-bedroom homes that come available through the resale process will also be included in this application period. Each home, new development or resale, will have recorded resale restrictions to ensure they remain affordable for future generations.
Learn more about the homes
Learn about the homes for sale at Auburn Grove
Learn about the homes for sale at Centra
Learn about the City of Livermore Program Guidelines and the City of Livermore’s Affordable For-Sale Prices
Download the Marketing Flyer
Key Program Eligibility Guidelines
Eligible households must be first time homebuyers and have at least three people who have lived together for at least six months at the time of application. Households must be able to show they have at least a 3% down payment seasoned for a minimum of three months in the applicant’s bank or financial accounts, and be able to qualify for a 30-year, fixed rate mortgage.
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||Income Limit at 80% AMI||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.
What to Expect
Hello Housing and the City of Livermore 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.