New Below Market Rate Condo For Sale:
 
 

                1277 66th Street

 
 

 1277 66th Street is a 1-bedroom, 1.5-bathroom condo, offered for sale at $491,800.  This 901 square foot home is conveniently located near shops and restaurants, has in-unit laundry, access to an outdoor patio, and shares a 4-car garage with tandem parking parking for two cars.  This home is affordable to moderate-income households earning at or below 120% of Area Median Income.

For information on how to apply, view the Property Flyer for more details including contact information for the listing agent.

 
To view the listing please follow this link and you will be directed to Trulia’s website.
 

                1121 40th Street #3107

 

 1121 40th Street #3107 is a 2-bedroom, 2-bathroom condo, offered for sale at $515,700.  This 1,154 square foot corner unit is conveniently located near shops and restaurants, has in-unit laundry, a separate dining room, and two garage parking spaces.  This home is affordable to moderate-income households earning at or below 120% of Area Median Income.

For information on how to apply, view the Property Flyer for more details including contact information for the listing agent.

 
To view the listing please follow this link and you will be directed to Zillow’s website.
 

       6562 Vallejo Street, Oakland, CA

 

 6562 Vallejo Street is a corner townhome-style 2-bedroom, 2-bathroom condo, offered for sale at $562,100.  This 1,521 square foot corner unit is conveniently located near shops and restaurants, and has great views of the Bay and the City. Open space concept features a beautiful kitchen w/ample granite countertops, newly updated SS appliances and both bedrooms/laundry on the same level; Two car garage with EV charging.  This home is affordable to moderate-income households earning at or below 120% of Area Median Income.

For information on how to apply, view the Property Flyer for more details including contact information for the listing agent.

 
To view the listing please follow this link and you will be directed to Zillow’s website.
 

 

Household
Size
Income Limits by Percentage of
Area Median Income (AMI)
 120%
1$119,950
2$137,100
3$154,200
4$171,350
5$185,050

How to Apply

If you are interested in an existing BMR unit being sold by the owner, please read our BMR Ownership Steps 2022 to learn about how you can prepare to apply.  After reviewing the BMR Ownership Steps and BMR Ownership Program Guidelines , please contact the sales office or listing agent to view the unit and make a purchase offer to buy the unit. If your offer is accepted by the seller, you will need to enter into a purchase agreement and complete a BMR Application, which will be reviewed by Hello Housing prior to the contract to purchase becoming finalized.

Eligibility Requirements

  • Eligible households must meet the household size requirement for the home.
  • All household members must be first-time homebuyers.
  • Homebuyers must have sufficient creditworthiness to qualify for a first mortgage.
  • Creditworthiness includes: a) not having filed bankruptcy in the last three years; and b) a minimum FICO credit rating of 660 points.
  • Households must have at least 3% down payment.
  • Households must be able to qualify for a 30-year fixed mortgage
  • All applicants must be U.S. citizens or lawfully permitted for permanent residence.
  • All households must earn below the Area Median Income limit referenced in the listing.

City of Emeryville’s Homebuyer Program

Homebuyers who previously benefited from the City of Emeryville’s Below Market Rate (BMR) Homebuyer program 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 Emeryville residents.  Bookmark this page or sign up here to learn about BMR homes that may be for sale in the City of Emeryville and as well as other homebuying resources and programs.

A Below Market Rate (BMR) unit is a unit that is priced to be affordable to households that are moderate income or below.  Moderate income is defined as an annual income of 120% or less of the AMI, and varies depending on the number of people in the household.  Area Median Income is adjusted each year.  Usually, the BMR price is lower than the prices of other units in the same development that are being sold on the open market.  BMR owners must occupy the unit as a primary residence.  To learn more about the City of Emeryville’s Homebuyer Program, please see the BMR Ownership Program Guidelines