Below Market Rate (BMR)

Purchase Opportunity !!!

We are happy to announce that another Below-Market-Rate (BMR) unit is for sale in 2021.  This 2-bedroom, 2-bath condominium at University Commons,  priced around $260,000, will be available to income-qualified, two or three-person households.

Take a virtual tour

To participate in the lottery for this unit

  1. attend (on Zoom) the BMR Home Ownership  – First-Time Home Buyer Orientation (optional), and
  2. fill out an application.

Zoom Webinars – what you need to know to apply:

BMR Home Ownership – First-Time Home Buyer Orientation
Find out how to apply for the below-market-rate (BMR) condo now for sale through City of East Palo Alto’s BMR Home Ownership Program; find out if you qualify as a buyer; and find out about BMR home ownership in general.
(Webinar held February 6, 2021,  may be repeated in future if another buying opportunity arises.)

Online BMR orientation hosted by

  • City of East Palo Alto, BMR program sponsor
  • EPACANDO, BMR Program Administrator
  • Bay Area Affordable Homeownership Alliance (BAAHA), Ownership BMR program Co-Administrator

BMR Home Ownership Education

Home Ownership education is required to qualify a potential buyer.

Saturday, February 13, 2021
10:00 am – 12 Noon
Register

 

Lottery applications are available now at our partner BAAHA.

Application Deadline: Friday February 19, 2021 at 5:00 PM.

2330 University Avenue, East Palo Alto, CA

2-bedroom, 2-bathroom condominium
980 sq. ft. (per tax records),  built 2006.
Priced around $261,800

Available to income-qualified, two or three-person households.
Application Deadline: Friday February 19, 2021 at 5:00 PM.