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[Visual Description: Brown-skinned non-binary person with black hair locks wearing black button-down long-sleeved shirt in front of gray background.]
[Video displays an opening intro with dark teal background, a DCARA logo and text that reads “Advocacy Department” fades in.]
[Video displays a charcoal gray background with the white/bright blue text that reads “Fremont Below Market Houses For Sale”]
Hello everyone and how are you all doing? Great I am sure!
I would like to share this information about two new houses- Below Market Price (BMP) houses for sale in Fremont!
[Video displays a charcoal gray background with the white/orange text that reads “BMP = Below Market Price. A BMP home is priced to be affordable to a household that is at or below certain designed income levels.”]
The City of Fremont has 2 Below Market Price (BMP) homes now available for sale through the City’s First Time Homebuyer Program. The townhomes are part of the new Hartford master-planned community in the Niles District in Fremont. The homes are currently under construction and are scheduled to be completed and available between July and August 2024.
Those who are interested in buying a home are required to submit a lottery application and participate in a lottery to be selected to purchase the Hartford BMP homes in Fremont. Bay Area Affordable Homeownership Alliance (BAAHA), which is a nonprofit housing organization, has been contracted by the project developer to manage the lottery application process.
The deadline to submit the application to enter the lottery drawing list is June 14, 2024 by 5pm.
Want more information, please go to their website: https://www.myhomegateway.org/hartfordbmphomes.html
[Video displays a charcoal gray background with two orange bordered images of the townhomes]
[Video displays a charcoal gray background with an image of the first townhome and the white/yellow/blue text that reads “3-Bedroom Townhome. 37903 Niles Boulevard. $552,262. The house space can hold up to 3 to 7 People”]
[Video displays a charcoal gray background with an image of the second townhome and the white/yellow/blue text that reads “4-Bedroom Townhome. 37903 Niles Boulevard. $598,543. The house space can hold up to 4 to 9 People”]
[Video displays a charcoal gray background with a light blue text that reads “What are the requirements?”]
Eligibility:
Applicants must be a U.S. citizen or permanent resident who has not yet bought a house for three years.
Priority will be given to those currently working or living in Fremont.
Those who do not qualify for the live/work preference priority are still eligible to apply
Income Requirement:
An applicant’s annual household gross income (before taxes) must meet the minimum and maximum limits listed.
[Video displays an image of the income limits list.]
For example, a 3-person household must earn at least $100,950 and no more than $159,750 a year before taxes to be eligible.
Applicants with incomes close to the limits are still encouraged to apply.
Find more information and fill out the application online please go to their website: https://www.myhomegateway.org/hartfordbmphomes.html
If you are interested in participating and need support, you can contact DCARA.
[Video displays a charcoal gray background with an orange banner and a black text that reads “Lottery Application. Deadline is 5:00 p.m. Friday, June 14, 2024.”]
[Video displays a charcoal gray background with the orange/light blue text that reads “DCARA is not responsible for the purchase process nor the lottery process.”]
Have a wonderful day everyone from DCARA!
[Slide shows Contact information:
510-343-6670 (VP/Voice)
info@dcara.org
http://www.dcara.org]
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