Bay Area Affordable Homeownership Alliance

​​Income & Loan Limits

The following table represents maximum FTHB income and subsidy allowances.  Gross combined household income is reviewed and established by the City and/or its administrator for every household.  Gross combined household income includes for all household non-dependent income earners in the households.   Dependents in the household must be identified in the latest filed Federal tax returns.

Household Size1234567
Maximum Income - up to$103,550$118,300$133,100$147,900$159,750$171,550$183,400
Maximum subsidy allowance        $20,000$20,000$20,000$20,000$20,000$20,000$20,000

Maximum subsidies range from $20,000 to $40,000 and are established by the level of the household’s area median income, as depicted in the table below.  Subsidies provided could be less than the maximum amount depicted based on the City’s assessment of the household financial requirements and needs. 

Household Size1234567
Maximum Income - up to$78,550$89,750$100,950$112,150$121,150$130,100$139,100
Maximum subsidy allowance        $30,000$30,000$30,000$30,000$30,000$30,000$30,000

Household Size1234567
Maximum Income - up to$62,130$70,980$79,860$88,740$95,850$102,930$110,040
Maximum subsidy allowance        $40,000$40,000$40,000$40,000$40,000$40,000$40,000

2023 Area Medium Income amounts.

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Program Administrator

The City of Concord’s FTHB Program is administered through the City’s contracted Program Administrator, the Bay Area Affordable Homeownership Alliance (BAAHA). The program administrator may be reached by email at or at (800) 480-9020.


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80% Area Median Income

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Next Steps

FTHB Funds are distributed on a first come first served basis.  There is a limited amount of funding provided for the Program.  Funds may run out without notice.

To participate in the FTHB program, borrowers must take the following steps:

  1. Click Here to download BAAHA's Concord FTHB Program application.  Detailed instructions are provided with the application. Be sure to enter "Concord FTHB" on page 1 where it asks "Which property are you applying for?" Applications will be reviewed on a first come first served basis as long as FTHB funds are available.   BAAHA will notify you if funds are depleted.
  2. Submit the completed and signed application form to BAAHA at for a preliminary review and Program qualification determination.  Program prequalification does not mean that you are approved for the FTHB Program.  Program prequalification allows you to take your next step to be preapproved by a City approved FTHB Program lender.
  3. BAAHA will contact your preferred lender, notifying them that you have been prequalified to continue securing approval for the Concord FTHB Program.  The preferred lender will receive a list of instructions from BAAHA to prepare and submit their lender package to BAAHA.
  4. Borrowers/buyers may only access and apply FTHB funding towards purchasing an eligible property if they have been approved by their first lender and BAAHA.  Funds will be disbursed on a first closed first served basis.  This protocol means that your reservation will not expire during the City’s funding cycle; however, you can lose access to FTHB funds when and if they are used and depleted by other approved FTHB purchasers.  Reservation of funds is only kept in place while FTHB funds are available during the funding cycle.  

City of Concord First Time Homebuyer Down Payment Assistance Program​​

Ownership Requirements

A home purchased under the FTHB program must be, and remain, the borrower’s principal place of residence. The property cannot be leased or rented during the term of the City loan. 

60% Area Median Income

100% Area Median Income

Eligible Properties

Homebuyers may purchase an existing single-family detached home, condominium, or townhouse located anywhere within Concord City Limits.

Concord First Time Homebuyer Program

Program Eligibility Requirements

Eligible FTHB participants must meet the following program eligibility requirements:

  • FIRST TIME HOMEBUYERS – All household members that will be on title must not have owned an interest in a  real property over the past three years (from date of application to the FTHB)
  • INCOME LIMITS – Gross household income for all non-dependent household members living in the home may not exceed 100% of the area median income as established by HUD for Contra Costa County (see table below)
  • MINIMUM FINANCIAL AND EDUCATION REQUIREMENTS – The household must be approved for a first mortgage loan from a City approved program first lender. Minimum requirements of borrower include:
    • Three percent (3%) applied by the buyer towards the purchase of the property from borrower/buyers funds
    • FICO score for all borrowers/buyers must be above 640
    • Housing ratio should not be less than 28% and back end combined debt ratios should not exceed 45%
    • Buyers must provide a certificate of completion from a HUD approved homebuyer educator.  The certificate must have been provided within 12 months of the purchase of the home. Click here to obtain a list of local HUD approved educators.

The FTHB is a down payment assistance loan program that assists qualified very-low to moderate income first time homebuyer households to purchase their first home in the City of Concord.  Up to $40,000 in funds could be provided through the FTHB to assist with down payment and closing costs.  

Loan Terms

LOAN TERM – The loan is a zero-interest 15-year loan.  Loan payments are deferred for the entire term of the loan.  The loan is due and payable at the occurrence of any f he following events:

  • Due no later than 15 years from the inception date of the FTHB loan.
  • At the time of the sale of the property, if less than 15 years from the date of the loan.
  • Cash out refinance.  If the borrower takes cash out in their refinance, they will be required to pay off the FTHB loan in its entirety, including any shared appreciation due.
  • Voluntary repayment of the loan prior to reaching the 15 year term.

SHARED APPRECIATION – Repayment of the loan requires paying back the principal amount borrowed plus a shared appreciation amount based on the increased value of the home at the time the loan is due.  For example, if the original purchase price of the home is $400,000 and the City loan is $20,000, the City’s “share” of the appreciation is 5%. At the time of repayment, 5% of the appreciation will need to be paid to the City.  When the City loan is paid off the shared appreciation obligation ceases.  Value of the property, for shared appreciation purposes, will be finalized by the sales price of the property and/or an appraisal conducted by a licensed appraiser.