Affordable Home Ownership
City of Santa Clara
Turning your dreams into reality!
New Below Market Homes For Sale
New Below Market Rate Homes by Toll Brothers
Introducing 9 new Below Market Purchase (BMP) homes located at 3131 El Camino Real in Santa Clara. This new development by Toll Brothers offers a variety of different floor plans including four townhomes and five villa-style condos featuring open floor plans, 2–3 bedrooms, 2–3 bathrooms, private 1- to 2-car garages, and gorgeous rooftop terraces on select homes. Enjoy the convenience of living just minutes from stores, diverse restaurants, and public transportation. Close to Silicon Valley’s top employers, exciting outdoor recreation, and great schools, 3131 Camino is a wonderful setting for a well-rounded lifestyle.
2-bedroom, 2.5- bathroom Townhouse
~1,424 sq feet
One Unit Available
3121 El Camino Real
Purchase Price: $417,000
Income can not exceed 90% of the AMI
The Sarria Plan
*must have at least 2 household members and no greater than 5 household members to qualify for this unit.
3-bedroom, 3- bathroom Condo
~1,544 sq feet
Two Units Available
3079 El Camino Real #204
Purchase Price: $474,000
Income can not exceed 90% of the AMI
3131 El Camino Real #208
Purchase Price: $540,000
Income can not exceed 100% of the AMI
The Francia Plan
*must have at least 3 household members and no greater than 7 household members to qualify for these units.
Property Details
The Francia Plan
2+-bedroom, 2.5- bathroom Townhouse
~1,569 sq feet
One Unit Available
3093 El Camino Real
Purchase Price: $556,000
Income can not exceed 110% of the AMI
The Arya Plan
*must have at least 2 household members and no greater than 5 household members to qualify for this unit.
*must have at least 2 household members and no greater than 5 household members to qualify for this unit.
2+-bedroom, 2.5- bathroom Townhouse
~1,541 sq feet
One Unit Available
3111 El Camino Real
Purchase Price: $482,000
Income can not exceed 100% of the AMI
The Zara Plan
*must have at least 2 household members and no greater than 5 household members to qualify for this unit.
3-bedroom, 2- bathroom, 2 powder room Townhouse
~1,935 sq feet
One Unit Available
3141 El Camino Real
Purchase Price: $705,000
Income can not exceed 120% of the AMI
The Lila Plan
*must have at least 3 household members and no greater than 7 household members to qualify for this unit.
The Pre-Application period will open July 1st, 2026
All interested applicants must submit an online pre-application in order to qualify for the housing lottery to purchase one of these units. If your household size meets the requirements for one of these 9 BMP units, you may apply for an opportunity at more than one of the units. The pre-application will require that you obtain a mortgage pre-approval from one of our preferred lenders as part of your submission. The pre-approval will need to reflect the purchase price of the unit that you are interested in applying for. You can find the lender list here.
Eligible pre-applications received by the XX deadline will be invited to attend a Mandatory Workshop to learn about the City's BMP program requirements as well as how to submit a full application that will also include submitting supporting income and preference point documentation.
Following the Mandatory Workshop, all registered and confirmed attendees will be entered into the Application Lotteries for the selected unit. Applicants will be invited to submit a Purchase Application in lottery ranking order for an opportunity to purchase one of these units should the applicant household meet all of the program eligibility requirements following review of the submitted materials.
To qualify, applicants must meet the minimum and not exceed the maximum household size for the unit that you are applying for as well as meet the program criteria established by the City’s Below Market Purchase (BMP) Program. Learn more about the qualification process here.