Existing Homes for Sale

2667 Fifth Street
Price: $463,670
HOA: $275
Bedrooms: 2
Bathrooms: 2
Interior Size: 1,066 Sq. Ft.
Type: Condo
Click here for printable flyer
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Eligibility Requirements

  • Eligible households must have a minimum of two household members to qualify for this home.
  • All household members must be first-time homebuyers.
  • Households must have at least a 3% down payment.
  • Households must be able to qualify for a 30-year, fixed rate mortgage.
  • All households must earn at or below 120% of the Area Median Income.

Alameda Preference Point Criteria

Applicants can qualify for up to a maximum of 2 preference points based on the criteria below. All applicants will be ranked based on the total number of preference points the household earns through any combination of preference point criteria. Please note, all preference points will be verified during the application process for those households invited to apply.

Preference Point Criteria:

    • 1 Point: At least one adult household member currently Lives OR Works in the City of Alameda
    • 1 Point: At least one adult household member is an employee of Alameda Unified School District.

 

 

Program Income Limits

(effective April 1, 2020)

Household Size Income Limit at 120% AMI
1 person Not Eligible
2 people $114,450
3 people $128,750
4 people $143,050
5 people $154,500
6 people $165,950
7 people $177,400

Below-Market Rate Homes for Sale in Alameda

Homebuyers who previously benefited from the City of Alameda’s Below-Market Rate (BMR) programs can pass along the opportunity to the next owner when they sell their home. This ensures that there will be affordable housing available for future generations of Alameda residents. Sign up for our Stay Connected newsletter to learn about BMR homes for sale in the City of Alameda and other opportunities in the Bay Area.

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 Alameda’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

Non-Discrimination Policy

Hello Housing and the City of Alameda 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.

HELLO HOUSING IS A
PROUD AFFILIATE OF

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.