The pre-application period for Hamilton Cottages is now closed. Lottery results will be emailed by March 6, 2020.

Below-Market Rate Homes at Hamilton Cottages

Hello Housing is pleased to be managing the sale of two Below Market Rate (BMR) homes on behalf of the developer, Ryder Homes, and the City of Novato.  The pre-application period will be open from February 10th at 9:00 am to March 2nd, 2020, at 5:00 pm.

Two (2) three-bedroom brand-new homes will be offered at Hamilton Cottages and are priced to be affordable to low-income (65% AMI) and moderate-income (90% AMI) households. Income limits apply.


65% AMI: $306,807

90% AMI: $516,838

The HOA dues at Hamilton Cottages will be $493/month and will cover the following:

  • Common area landscaping and maintenance for pocket community plaza, including outside furniture, pergola, fencing, and BBQs
  • Free shuttle for commuter connections and local routes
  • Trash and recycling 2x/week
  • Community Clubhouse and Cottage Lane maintenance
  • Site irrigation and drainage

If you are interested in future BMR opportunities in Novato click the orange box to register for our Stay Connected E-Newsletter to be notified of future BMR opportunities in Novato.

Key Program Eligibility Requirements

While there is no minimum household size requirement in Novato’s BMR program, these particular homes have been priced to be affordable to very low income and low income households of 4. If your household is significantly smaller than this, you may not be able to obtain a mortgage with affordable monthly payments. Households must have at least a 1% down payment and be able to qualify for a 30-year, fixed rate mortgage.

This home will have recorded resale restrictions to ensure the home remains affordable for future generations.

At least one applicant in the household must be 62+.

Features and Amenities at Hamilton Cottages

Ryder Homes is committed to creating a vibrant community at Hamilton Cottages:

  • Two-story detached home
  • 3 bedrooms and 2.5 bathrooms
  • Living space of approximately 1,601 square feet
  • 2 car garage
  • Just 30 minutes from San Francisco

Learn more about the homes

Download Hamilton Cottages BMR Flyer
Download the Floor Plan for Hamilton Cottages
Learn more about the homes from Ryder Homes

Non-Discrimination Policy

Hello Housing, Ryder Homes and the City of Novato 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

Household Size Income Limit at 65% AMI Income Limit at 90% AMI
1 person $73,450 $93,100
2 people $83,950 $106,400
3 people $94,400 $119,700
4 people $104,900 $133,000
5 people $113,300 $143,650
6 people  $121,700 $154,300
7 people  $130,050  $164,900

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 Novato’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 which mean you will only have to compile a detailed application with supporting documentation if you have a reasonable chance of being offered the home for purchase.

What to Expect



Matt Franklin, President of MidPen and Hello Housing board president, 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, President, blends finance, design and development to make places people thrive.

Jennifer Duffy, Vice President, 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.