2021 LOTTERY UPDATE
The lottery was conducted at 1:00 pm on Monday, April 5th, 2021. The lottery ranking can be found here.
2021 Pre-Application Period
The 2021 pre-application period for the City of Livermore was open from Monday, March 1, 2021, and closed on Monday, March 22, 2021, at 5:00 PM. The lottery was conducted at 1:00 pm on Monday, April 5th, 2021. The lottery ranking can be found here.
Hello Housing is pleased to once again be managing the sale of all homes that come available through the City of Livermore’s Below Market Rate (BMR) Program in 2021. This year, approximately four brand-new homes will be offered at the Auburn Grove development by Lennar Homes including (3) three-bedroom homes, and one (1) four-bedroom homes. These four homes are set aside for low-income (80% AMI) households who meet all of the program guidelines.
Currently, there are no new homes expected to be released at Auburn Grove for moderate-income (120% AMI) households. Due to the program’s minimum household size requirement, one and two-person households will not be considered for three and four-bedroom homes. However, please keep in mind that 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. For this reason, both low-income (80% AMI) and moderate-income (120% AMI) households, regardless of household size, are encouraged to apply.
3-bedrooms: $374,654 (low-income)
4-bedroom: $412,182 (low-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 estimated to be $250 per month.
Learn more about the homes
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. Please read the full exclusion criteria carefully listed in the Affordable Homeownership Guidelines. If you have any questions regarding how to count your preference points, please send us your questions before submitting your pre-application. Once your pre-application is accepted and the lottery has taken place, you cannot add new preference points. All preference points will be verified during the full application process and if your household does not qualify any of the preference points claimed in the pre-application, your household will be placed at the bottom of the appropriate preference point category, no exceptions.
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.
(effective January 2021)
|Household Size||Income Limit at 80% AMI||Income Limit at 120% AMI|
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.
How to Apply
- On March 1, 2021 an Apply Now button will appear. Click the Apply Now button to submit your pre-application during the pre-application period: March 1, 2021 – March 22, 2021.
- If your pre-application is eligible, you will receive an email with your lottery ranking order. The households at the top of the list will be invited to attend a mandatory workshop to learn more about the program and how to prepare and submit a complete application with copies of relevant financial information.
- Complete applications received from workshop attendees by the application deadline will be screened in lottery ranking order for income eligibility, lender qualification, household composition eligibility, and other requirements outlined in the City of Livermore.
The income of spouses will be included in total household income, regardless of whether the spouse is currently living with the household unless there is a legal separation agreement.
*Hello Housing projects future income based on the Gross Income set forth on each applicant’s income documentation for each source of income.
- As specific newly built homes become available for sale, Hello Housing will offer these homes to conditionally approved households for purchase, based on their ranking order.
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.