City-assisted below market rate [BMR] homes have deed restrictions that allow resale only to purchasers that meet the unit’s Affordable Housing Program eligibility criteria. The resale terms for each property are unique, so contact the seller’s agent for the disclosure package detailing the property’s Affordable Housing Program terms, deed restrictions, and the application forms.
The City provides this listing to assist buyers in finding BMR units.
8000 Olive Street, Oakland, CA 94621
2 bedroom. Buyer to have a household of 1 or more. Income capped at (80%) AMI as described below.
6831 Eastlawn Street, Oakland, CA 94621
3 bedroom. Buyer to have a household of 3 or more. Income capped at (80%) AMI as described below.
Seller's Agent
Stephanie Christmas
Keller Williams Realty
510-461-4663
Income: Applicants' annual household income cannot exceed 80% of the Area Median Income (AMI). Income of all household members 18 years or older is considered (includes house/roommates). Current limits for 2024-2025 are $84,600 for a household of 1 person, $96,650 for 2 persons, $108,750 for 3, $120,800 for 4, $130,500 for 5, $140,150 for 6, $149,800 for 7, and $159,500 for 8 persons.
Source: https://www.hcd.ca.gov/sites/default/files/docs/grants-and-funding/income-limits-2024.pdf