Bay Area Affordable Homeownership Alliance

The household must demonstrate financial capacity to purchase the BMR. This will include:

  • Buyers must have funds for approximately 5% of the purchase price (approximately $12,000). Funds will be applied for down payment and closing costs. A minimum 3% down payment is required. All funds must be in a bank, trust, retirement, or investment account (no mattress money/cash is allowed). The buyer should also have approximately $4,000 in reserve funds after they close the purchase transaction. Gifts may be provided by first and second degree relatives.
  • Minimum FICO score of 640 for all borrowers involved in the purchase. Non-occupying co-signers are not allowed.
  • The cost of owning the home in combination with your current monthly personal debt service cannot exceed 45% of your gross earnings.

The property is currently being prepared to be brought on the market.

Credit: Willows Townhomes Apartments

Additional Information

Upon securing 1st lender approval, BAAHA and the City will review and make a determination on the lottery winners' Program eligibility. Program approval will be provided to applicants who have met all the eligibility requirements outlined above.

Viewing the Property

City Program Approval

BMR Ownership Opportunity

680 Fargo Avenue

Townhome at the Willows Townhomes Complex

San Leandro, 94578

2 level townhouse | 2 bedroom, 1.5 bathroom | 850* square feet(*per tax records) | $235,000* (*projected sale price)

680 Fargo Avenue is currently being prepared to be placed on the market. To maintain and respect the privacy of the current owner, the unit number will be provided prior to the lottery date. A final sales price will also be provided at the time. The application period is now closed.

  1. Determine if you are interested in purchasing a BMR in the Willows Complex.
    • Make certain to read and understand the implications of owning a BMR property. Click here to get a overview of BMR ownership.
    • We encourage that all households interested in the BMR drive by and view the location of the property.  The floor plan illustration below provides the layout of the two level townhouse..
  2. Submit a BMR Lottery Application. The application period is now closed.
    • ​​You can secure an electronic BMR application by Clicking Here, or by requesting an application by email at If you are requesting an application by email,  make certain to state that the application is for the San Leandro BMR. BAAHA will contact you after reviewing your application, with any additional questions and to provide you a preliminary Program eligibility and preference determination.  BAAHA urges that 1) you carefully read the application instructions; 2) provide accurate information on your application, and 3) submit the application early; so that BAAHA has time to address any concerns and questions regarding the information you have provided.

Viewing protocols have been established to maintain industry established COVID-19 safety requirements. A virtual tour of the exterior and interior of the property will be set up on BAAHA’s website sometime by or before November 23, 2020. To maintain and respect privacy for the current owner, the unit number for the townhouse will be provided at this time. Due to COVID-19 restrictions, the highest ranked lottery winners will be able to view the property after they have been approved for their 1st mortgage loan (see below).

Maximum Income Allowance

Program Eligibility Requirements

Financial Capacity

680 Fargo Avenue, San Leandro

To learn more about the general requirements and restriction of BMR home ownership,click here.

Applicants must meet the following eligibility requirements to purchase the Fargo Below Market Rate home.

There will be a strong preference given to first time homebuyers.  To be a first time homebuyer, all members in the household may not have owned a real property in the past three years (from the time you submit your lottery application).

Credit: Willows Townhomes Apartments

For additional information and questions please contact BAAHA by email at Be sure to state that you are inquiring about the San Leandro BMR and provide us with your phone number.

This is a low income BMR unit. Gross combined income may not exceed 80% of Alameda County’s Area Median Income (AMI), adjusted for household size. Maximum income allowances per household size are as follows:

BAAHA will be working with and for  the City  of San Leandro to administer all activities related to the review, screening, lottery, and approval of BMR buyers.

First Time Homebuyer

The Purchase Process

A PDF copy of the BMR lottery applications, with comprehensive instructions, can be downloaded by clicking here. The application period is now closed. The lottery is projected to be held towards the last week of December 2020.

Purchase Contract and Close of Escrow

Only one person in the household needs to currently live and/or work in the City of San Leandro to receive a Live/Work preference in the lottery for the BMR home at 680 Fargo Avenue,.

Separate preference points are provided for the live and work category. Work eligibility is based on your employers address, not your home address.  Working at home due to COVID does not fulfill the work in San Leandro preference requirements.  

All household members on title must complete a U.S. Department of Housing and Urban Development (HUD) approved homebuyer education course from a HUD-approved agency to purchase a San Leandro BMR home. Click here to view HUD-approved agencies in the Bay Area. We also encourage applicants to conduct their own search for HUD-approved homebuyer education courses on the internet.

Program Lottery Preferences

Live and/or Work in the City of San Leandro

HUD-Approved Homebuyer Education

Minimum Household Size

The top lottery winning applicants who have received 1st loan and BMR Program approval can proceed with submitting a purchase contract. It will take approximately 45 days to close the purchase escrow, once a purchase contract is signed.

The top three (3) lottery winners will be required to secure 1st lender approval from a BAAHA approved BMR lender. Not all lenders are able to provide a 1st loan on a BMR property. BAAHA  will screen lenders to assess their capacity to provide financing for the Fargo Avenue BMR purchase.

The minimum household size must be at least two people. All non-minor household members that are not dependents must be on title when the property is purchased. Qualifying dependents must be designated on 2019 tax returns. Maximum household size should not exceed 5 people.

The City of San Leandro has established lottery preferences that promote ownership for first time homebuyer residents and workers in the San Leandro community. Preferences are not a requirement to apply.  However, a preference scoring system will be applied in drawing priority applicants at the lottery. 

1st Lender Approval

Your Next Step

BMR Lottery