Service Name: BELOW MARKET RATE (BMR) PROGRAM
Organization Name: CITY OF EMERYVILLE COMMUNITY DEVELOPMENT DEPARTMENT, ECONOMIC DEVELOPMENT, AND HOUSING DIVISION
Location
Location Name: MAIN OFFICE
- Accessibility: Fully accessible to individuals using mobility aids
- Physical Address: 1333 Park Avenue, Emeryville, CA, 94608
- Mailing Address: 1333 Park Avenue, Emeryville, CA, 94608
- 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. City works with the buyer and seller to determine the max sale price and verify eligibility.
- 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. - Requirements: Proof of Income
-
Areas Served:
- Emeryville Alameda United States
- Categories: