Important Update

Please note that as of April 30, 2021, Hello Housing will no longer be administering the City of Pleasanton’s programs. If you would like to be informed of upcoming changes to the City’s Program Administrator as well as future housing opportunities, subscribe to the City’s Interest List.

Down Payment Assistance Program

New Updates: Increased Purchasing Power for Buyers

As of October 20, 2020, the City’s Down Payment Assistance (DPA) Program has been restructured to provide a 30 year, 0% interest, deferred loan with no required monthly payment so long as the buyer occupies the home. These loans can go up to $100,000 for households that income qualify as low and moderate income buyers. Additional restrictions and  preferences are highlighted in the Purchase Qualifications and Preferences sections below.

The new DPA loan product will have deferred repayment until the end of the 30-year term or when the home is sold, whichever occurs first. Though the DPA loan has 0% interest, the loan’s principal balance amount plus a share of the appreciation on the home becomes due at the end of the 30-year term or when the homeowner sells or transfers the property.

Purchase Qualifications

The program is available to 1) first-time homebuyers, and 2) buyers who have owned a home with resale restrictions through the Pleasanton Homeownership Assistance Program (PHAP). First-time homebuyer is defined as a household where not more than one household member has held an interest in residential property provided no member of the household has been the sole owner of residential property for a period of three (3) years (some exceptions may apply).

Homes purchased through the program must be existing single-family residences located within the current city limits of the City of Pleasanton. Homes purchased in other cities or in the unincorporated areas within or surrounding the City of Pleasanton do not qualify for the program. In addition, to be eligible for the program you must have sufficient credit worthiness to qualify for a first mortgage with a lender. First mortgages must be fixed rate with no negative amortization, balloon payments or adjustable rate features.

Program Qualifications

To qualify for assistance, applicants must:

  • Income qualify as low or moderate income households. Income limits will be updated annually after HUD/HCD release their annual income limit calculations. See table on this page for current income limits.
  • Contribute funds in an amount equal to a minimum of 3% of purchase price for use as a
    down payment (may be reduced to 1% if other CalHFA secondary funding assistance is used).
  • Qualify for your first mortgage with a CalHFA approved lending institution.


When there are more applications than funds available for the Down Payment Assistance Program in any fiscal year, the program will establish a waitlist where eligible households will be sorted into preferences. Preferences are as follows where at least one of the members of the household is:

  • An employee ( sworn or civilian personnel) of the Pleasanton Police Department, Livermore- Pleasanton Fire Department, or other first responder’ who primary works in Pleasanton.
  • Pleasanton Unified School District or private school employees, including teachers, providing prekindergarten through 12th grade education that are registered with the Alameda County Superintendent of Public Education per Cal. Education Code section 33190 and are located in Pleasanton.
  • Public employees of city or county municipalities.
  • Employees of not-for- profit agencies granted tax-exempt status by the IRS that provide social services ( including, but not limited to, food subsidies, health care, job training, subsidized housing, adoption, support for persons with disabilities, school readiness, etc.) from a Pleasanton location.

Note: To qualify for the preference based on any of the employment categories described above, the applicant must be both: ( a) currently employed at such position at the time of application; and ( b) have been continuously employed in such position for at least six ( 6) months prior to the date of application.

Income Limits
(effective April 1, 2020)

Number of
People in
Income Limit at 80% AMI Income Limit at 120% AMI
1 $66,750 $100,150
2 $76,300 $114,450
3 $85,800 $128,750
4 $95,350 $143,050
5 $103,000 $154,500
6 $110,600 $165,950
7 $118,250 $177,350


To request a paper application call or email us.

Subscribe to Stay Connected for announcements about the upcoming lotteries for new affordable homes in the City of Pleasanton as well as resales of existing homes.

What other resources are available to help me afford a home?

A Mortgage Credit Certificate (MCC) provides income eligible first-time homebuyers with an opportunity to reduce the amount of federal income tax they owe each year which increases their ability to qualify for a mortgage. This program is run through Alameda County Housing and Community Development Department (HCD). Learn more


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.