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BELOW MARKET RATE (BMR) PROGRAM, CITY OF EMERYVILLE COMMUNITY DEVELOPMENT DEPARTMENT, ECONOMIC DEVELOPMENT, AND HOUSING DIVISION

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• Description:

  Offers below-market-rate (BMR) homes which are priced to be affordable to households at low or moderate income households. The City sets a maximum price for each unit sold. Owners must occupy the unit as a primary residence.

• Website: http://www.hellohousing.org/stewardship/emeryville/
• Email: emeryville@hellohousing.org
• Phone(s): (415) 863-3036
• Hours: Mon 9am - 5pm; Tue 9am - 5pm; Wed 9am - 5pm; Thu 9am - 5pm; Fri 9am - 5pm;
• Eligibility: Must meet income requirement.
  
  Moderate income is defined as an annual income of 120% or less of the Area Median Income (AMI) for Alameda County. Low income is defined as an annual income of 80% or less of AMI.
  
  Income limits are adjusted for household size. Must be a first-time homebuyer. Buyers must contribute at least 3% of the purchase price from their own funds. Debt to income (DTI) ratios must be within specified range. Maximum Allowable Household Incomes (Effective July 1, 2024) Persons 1 2 3 4 Moderate Income (120% of AMI) $130,800 $149,500 $168,150 $186,850 Median Income (100% of AMI) $109,000 $124,550 $140,150 $155,700 Low Income (80% of AMI) $84,600 $96,650 $108,750 $120,800
• Requirements: Proof of Income
• Areas Served:
  • Emeryville Alameda United States
• Categories:
  • Subsidized Home Acquisition
• Contacts:

Location(s)

Location Name: MAIN OFFICE

• Accessibility: Fully accessible to individuals using mobility aids
• Physical Address: 1333 Park Avenue, Emeryville, CA, 94608