Below-Market Rate Homes in Livermore: The pre-application is now open!

 

The pre-application period for the City of Livermore is now open and will close on December 2, 2019, at 5:00 PM.

Hello Housing is pleased to once again be managing the sale of all three and four-bedroom newly constructed homes that come available through the City of Livermore’s Below Market Rate Program in 2020.  New this year, one and two person households are welcome to apply in the event that one and two-bedroom resales are offered in 2020. Due to the City’s minimum household size requirement, one and two person households will not be considered for the homes at Auburn Grove.

For households of three to nine people, brand-new homes will be offered at Auburn Grove and sales prices for these homes are set to be affordable to low-income (80% AMI) and moderate-income (120% AMI) households. Income limits apply.

2020 Prices:

3-bedrooms: $328,385 (low-income) and $477,826 (moderate-income)

4-bedrooms: $361,641 (low-income) and $522,869 (moderate-income)

In addition to the new homes listed above, any pre-existing BMR 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.

The HOA dues at Auburn Grove are $325 per month.

Learn more about the homes

Learn about the homes for sale at Auburn Grove
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, the household’s primary residence must be 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.

 

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Instrucciones de la Pre-Aplicación

Income Limits

Household Size Income Limit at 80% AMI Income Limit at 120% AMI
1 person $69,000 $93,850
2 people $78,850 $107,250
3 people $88,700 $120,650
4 people $98,550 $134,050
5 people $106,450 $144,750
6 people  $114,350 $155,500
7 people  $122,250  $166,200

 

 

 

 

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

Non-Discrimination Policy

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.

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.