Affordable Home Ownership in Emeryville

Turning your dreams into reality!

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Hello Housing is proud to be the Program Administrator for the City of Emeryville's Below-Market Rate Ownership Program.

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New BMR Homes For Sale

1121 40th Street #4201 - Active Listing

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Finding your footing in the Bay Area housing market just got a little easier.

Tucked in the heart of Emeryville, this move-in-ready 1-bed, 1-bath condo offers something increasingly rare: a Below Market Rate opportunity with no income limits and no first-time buyer requirement. Natural light fills the open-concept living space, and thoughtful details — in-unit laundry, a private balcony, generous closets — make it easy to settle in and stay. This unit is offered for sale at $235,000!!

Building amenities include gated parking, a fitness center, and a jacuzzi. Outside your door, the free Emery-Go-Round shuttle and Transbay F bus connect you to BART, San Francisco, UC Berkeley, and beyond — all within walking distance of MacArthur BART. Groceries are equally convenient, with Trader Joe's, Whole Foods, Berkeley Bowl, and Pak 'n Save just minutes away.

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5855 Horton Street #613 - Sale Pending

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Introducing 5855 Horton Street # 613 at The Terraces, a fantastic Below Market Rate opportunity in the sought-after community of Emeryville. Listed for sale at $345,000, this light-filled 1-bedroom, 1-bath residence (633 SF) boasts large windows and a thoughtful open kitchen/living floor plan that maximizes natural light and livability. The generously sized bedroom features pocket doors that gracefully open to the living area, offering versatile space and a serene private en suite bath. The kitchen is designed for both form and function, equipped with abundant cabinet and counter space, a new dishwasher, and a spacious pantry closet that includes an in-unit washer/dryer for your convenience. Two additional closets ensure ample storage for all your belongings.

With a view of the enclosed courtyard, this home provides a tranquil oasis in a vibrant, commuter-friendly location. The building enhances your living experience with amenities such as gated parking (including guest spots), a fitness center complete with a sauna and locker rooms, a business center, and a private theater.

This Below Market Rate home is available for households earning 120% of the Area Median Income or less.

Questions about the BMR Program? Let us know!

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1
Review Eligibility Criteria

If you are interested in an existing Below Market Rate Unit that is currently on the market for sale, please read our BMR Homebuyer Steps and the Program Guidelines to become familiar with the eligibility criteria and application process.

Homebuyer Steps

BMR Guidelines

Affordable Housing Table

2
Contact the Listing Agent

Contact the sales office or listing agent to view the units in which you are interested. BMR units have an initial offer date by which all offers need to be submitted. Any BMR unit that receives more than one offer during the offer date maybe subject to a lottery to determine the rank order by which an offer and the resulting program application will be reviewed. It is the practice to accept one primary offer and two-back up offers as part of the lottery process.

3
Submit BMR Program Application

Hello Housing will underwrite the BMR application and all supporting documentation in accordance with the City Program Guidelines in rank order. The first-reviewed and approved applicant will be offered the opportunity to move into a formal purchase agreement with the seller. During the escrow process, should a primary applicant in contract to purchase a BMR unit no longer be eligible, the first backup applicant by rank order will be offered the opportunity to move forward with the purchase.