Below Market Rate Homeownership

The City is pleased to make possible below-market rate (BMR) homeownership. Below market rate homes are specific dwellings where eligibility is based on income and household size. The program also assists current BMR homeowners in selling, refinancing or making capital improvements to their home. The program is designed to serve low and moderate-income households. Preference is given to households who live and/or work in Concord. Hello Housing, a non-profit organization, assists the City in administering the program. All application materials are available through Hello Housing, at 415-863-3036.

The City of Concord is excited to announce that on June 15, 2020, the City will make available five, newly constructed below-market rate (BMR) homeownership units affordable to households at or below 120 percent of area median income. These 3-bedroom homes are being constructed by Discovery Builders and are starting at $526,466. Four of the homes are located within the Willow Terrace community located almost directly across from the Civic Center on Willow Pass; one home is located within the Vista Heights community on the corner of Clayton Road and La Vista Avenue. Hello Housing will be supporting the City in its efforts to market the homes, income-qualify households, and aid the homebuyer in completing the purchase. The homes will be made available through a lottery system, which Hello Housing will help manage.  Applications for the lottery will be accepted June 15 – July 10. For more information, please visit www.hellohousing.org/discoveryhomes, or contact Hello Housing at (415) 863-3036.