Are any BMR homes for sale?
As homes become available, Rise Housing Solutions will inform those on the waitlist in ranking order.

Are new units or homes currently being built?
Should any new homes become available, Rise Housing Solutions will reach out to the waitlist in ranking order.

How much do BMR homes cost?
The price of homes will be determined based on the year the home was built, size of the home, the income category assigned to the unit, and the resale formula specific to the home. The resale formula is tied to the percentage change in either the Area Median Income (AMI) index depending on the restriction recorded on the home. Typically, homes sell in the range of $115K – $500k.

Can I use all cash to buy a BMR home?
No, there are limits to the amount of assets you may have at the time of application. For complete guidelines around assets, please see section 2.F in the Inclusionary Housing Homeownership Guidelines.

Why do I need to complete a homeowner monitoring recertification?
Rise Housing Solutions is charged with stewarding the BMR program for the City of Alameda, which requires yearly owner occupancy certification. A major tenet of the City’s program is owner occupancy.

How long do I have to live in the home before I can sell?
There is no set amount of time you must live in the home before selling it.