Thank you for your interest! This page will provide you information on Below Market Rate (BMR) homes administered through First Home Inc. and the Bay Area HomeBuyer Agency. The sale of BMRs create affordable homeownership opportunities for low to moderate income homebuyers whose earnings are usually at or below 120% of the areas median. Affordability for BMRs is achieved through a combination of reducing the sales price and/or through offering homebuyer assistance subsidies. BMR units have a number of ownership and sales restrictions, including, most commonly, the price at which the property can be resold and the requirement that the home not be rented.
First Home Inc. (FHI) and the Bay Area HomeBuyer Agency (BAHBA) will be administering either/or the sale and financing of the BMR units listed on the left.
BAHBA and Habitat for Humanity East Bay are offering 5 Below Market Rate single family residences in Hayward!
695 Blaine St.
This is a 3 bedroom/ 2 bath home that has been fully rehabilitated by Habitat For Humanity East Bay. These homes have attractive financing alternatives to those who qualify. Also, these homes by Habitat offer a unique BMR scenario with a deed restriction of 15 years rather than the normal 45 years. This home is selling for $30,000 less than the open market value.
Purchase Price: $290,000
24778 Mulberry St.
This is a 3 bedroom/ 2 bath home that has been fully rehabilitated by
Habitat For Humanity East Bay. These homes have attractive financing
alternatives to those who qualify. Also, these homes by Habitat offer a
unique BMR scenario with a deed restriction of 15 years rather than the
normal 45 years. This home is selling for $30,000 less than the open
market value.
Purchase Price: $290,000
