BAAHA uses your application to determine eligibility to participate in the lottery. It is important to take the time necessary to accurately complete the application. It is also advised to submit your application as early as possible so that BAAHA can review, and if necessary, contact you with additional questions, or for additional clarification on information provided. An application alone does not guarantee eligibility. Please review the information provided on this webpage and in the various flyers (see "Links and flyers") for eligibility and lottery preference parameters.
The above referenced home is part of the City of Millbrae’s affordable Below Market Rate Homeownership Program. There are requirements that need to be met to participate in the BMR Program; as well as preferences in the buyer selection and lottery process. All outreach and program eligibility activity will be conducted without regard to race, color, national origin, sex, religion, familial status or disability.
The basic steps a homebuyer will need to take to purchase the above referenced home are listed below. Further details regarding each of these steps is provided in this document.
- Meet the core program eligibility parameters;
- View the property – you must view the property prior to the lottery at one of the open houses which are being held on:
- Wednesday, June 6, 5:00 - 7:00 PM
- Saturday, June 16, 1:00 - 4:00 PM
- Saturday, June 23, 1:00 - 4:00 PM
- Wednesday, June 6, 5:00 - 7:00 PM
- If you think you fit within the parameters, submit a BMR Program Prescreen Application;
- The Program Administrator (Bay Area Affordable Homeownership Alliance, BAAHA) will review your application to provide your preliminary eligibility determination to be entered into the lottery;
- Participate in the lottery;
- Go through the process and receive final program approval by the City; and first loan approval with a preferred assigned program lender; and
- If approved by the City for the Program and by a first lender, continue to move forward through the escrow process to close the purchase of the home.
Program Oversight:
The City and its Administrator has the authority to demand that a non-performing BMR buyer have their contract terminated, especially if: 1) the buyer has continuously failed to meet their original purchase agreement contingency deadlines; 2) the Administrator, through the transaction process, discovers a material fact and/or situation that adversely affects the buyers Program eligibility; and 3) the buyer, through their interaction and activity, is unrealistically delaying and blocking the ability of a subsequent eligible BMR buyer to purchase the subject unit.
Application
BMR Homebuyer Priorities:
Homebuyer purchase priorities are established and consistent with the objectives of the City’s affordable homebuyer program objectives. Applicants will be required to provide proof to validate all the stated priorities prior to purchasing the property. Priorities assigned will include:
- Households who have a member that is currently employed as ateacher in the Millbrae School District;
- Households who have a member that is currently employed as a teacher in a public unified School District in San Mateo County;
- Households that have a member that currently resides in the City of Millbrae;
- Households who have a member that is currently employed for an employer whose facilities and place of work are in the City of Millbrae; and/or
- First time homebuyers.
Downloading the application by clicking here.
By emailing and requesting a Millbrae application from the Program Coordinator bmr@myhomegateway.com.
Applications must be filled out as accurately as possible and in in their entirety. Applications with missing key information will not be reviewed without any further notice to the applicant. Applicants must provide accurate answers for all questions presented on the prescreen application. Any gross misrepresentations of information discovered in the Program Eligibility process may void the applicant from the ability to participate in the BMR purchase process. All information provided in the application will be further and thoroughly scrutinized by the Administrator when and if the applicant continues advancing through the screening and lottery process. Applicants will receive additional instructions regarding filling out and processing the prescreen application along with the application.
All filled out prescreen applications must be delivered to the Administrator for review. Applicants can email, fax, or mail their completed application to the Administrator.
- Email a PDF* of your completed application to: bmr@myhomegateway.com
- *Please do not send JPEGs or other image files.
- *Please do not send JPEGs or other image files.
- Fax your filled out and scanned application to: (415) 231-5181
- Mail your filled out application to:
Attn: Program Coordinator
BAAHA
5517 Geary Blvd, Suite 206
San Francisco, CA 94121
Applications much be completed and submitted no later than:
5:00 PM on Thursday June 28, 2018
Late applications will not be accepted. Upon receipt of the prescreen application the Administrator shall 1) contact the applicant and acknowledge the receipt of the pre-screen application, and 2) if necessary, request additional pertinent information to complete the screening process.
Prescreening Process
The initial program eligibility screening process will be conducted by the Administrator. The objective of the prescreening process is to assess which applicants may be eligible to advance their efforts to be entered into the lottery to purchase the BMR property. The prescreen is only a preliminary overview that analyzes the data provided by the applicant.
Upon completion of the BMR prescreening process the Administrator shall issue a Notice of Conditional Eligibility to Eligible prospective buyers (lottery participants). The Notice of Conditional Eligibility will provide the ranking the City has assigned to the buyer based on the priority system referenced above under the “BMR Homebuyer Priorities” section above.
Lottery
All recipients of the Notice of Conditional Eligibility will be automatically entered into the BMR lottery.
The City will instate a lottery if there are more than one equally scored eligible buyers. The Administrator
anticipates that the BMR sale will require a lottery to be conducted. In order to assure complete objectivity
in the lottery process, City staff (not the Administrator) will conduct the lottery. The lottery is currently
scheduled to take place on:
Monday, July 9, 2018
Lottery participants are not required to attend the lottery drawing. All participants will be informed of their lottery ranking by email.
Preliminary Program Approval
The highest ranked winners will all be required to secure first lender approval from the preferred BMR lender prior to submitting a purchase contract to the Listing Agent (Rob Belli, with HomeQuest Realty). The preferred lender is assigned by the Administrator. The Administrator and City will assign a 1st lender that has the capacity and desire to lend on the BMR unit and is able to work within the resale restrictions and provisions stipulated within the City’s BMR documents.
In order to secure BMR program approval, all lottery winners will be required to provide support documents to the 1st lender and the Administrator. These documents will be supplied in order to 1) further substantiate information provided on the pre-screen application, and 2) receive 1st lender pre-approval. Information and documents must be provided by all non-dependent household members that will be residing and on title of the property. Documents required include:
- Three years tax returns
- Two years W-2s
- Last two consecutive pay check stubs
- Last two consecutive bank account, investment, and retirement statements
- Tri-merged mortgage credit report
- Complete loan application (1003)
The Administrator will commence in proceeding its underwriting process upon securing 1st loan approval from the 1st lender. The underwriting process will include reviewing and approving all the documents and findings from the 1st lender in addition to conducting and underwrite to determine the households income eligibility.
Purchase Contract
Upon securing preliminary BMR program and 1st lender approval, the real estate agent representing the buyer (which may include the listing agent – dual agency) will be instructed to submit a purchase contract to the listing agent and seller. In the case that the purchase contract is written by the “listing” agent, all dual agency disclosure documentation, including language exempting the City from any Agency related liability, will be provided and executed with the purchase contract.
Title Company
The Administrator may have a title company that maintains a strong understanding of BMR program they may prefer the buyers and sellers to use.
BMR Homebuyer Priorities:
Homebuyer purchase priorities are established and consistent with the objectives of the City’s affordable homebuyer program objectives. Applicants will be required to provide proof to validate all the stated priorities prior to purchasing the property. Priorities assigned will include:
- Households who have a member that is currently employed as ateacher in the Millbrae School District;
- Households who have a member that is currently employed as a teacher in a public unified School District in San Mateo County;
- Households that have a member that currently resides in the City of Millbrae;
- Households who have a member that is currently employed for an employer whose facilities and place of work are in the City of Millbrae
- First time homebuyers
Homeownership in Millbrae
Application due:
Thursday
June 28, 2018
By 5:00 PM
to BAAHA (see instructions on application)
Lottery on:
Monday
July 2, 2018
Time to be announced
Millbrae City Hall
The above referenced priority parameters will be incorporated into a point system that will be applied towards determining the selection order for prospective homebuyers. The point system is as follows:
Executing the Sale of the BMR Home :
BMR Applications
All interested prospective BMR purchasers must submit a prescreen application to the Administrator. You cannot be considered to participate in the purchase of the BMR until you submit an application. Applicants can gain access to the applications at an open house, or from any of the sources listed below:
Administrator:
The City of Millbrae contracts a Program Administrator, Bay Area Affordable Homeownership Alliance (BAAHA) to oversee the BMR Program eligibility and approval process, and to manage the BMR transaction.
Core Homebuyer Eligibility Requirements:
The following homebuyer eligibility requirements must be met to participate in the purchase of the BMR. The Program Administrator of will be reviewing documentation to finalize and provide final determination of eligibility.
- Maximum household incomes cannot exceed 120% of the San Mateo County Area Median Income as determined by the State of California’s Housing and Community Development Department. Incomes are adjusted by the size of the household. Income for all non-dependent household members will be applied to determine eligibility. Income eligibility will be reviewed by the Program administrator (see below):
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- The homebuyer’s household’s lowest median FICO credit score cannot be lower than 640.
- The household size must be no less than 2 people. Household members must either be on title or claimed as dependents on the primary buyer’s tax returns.
Below are the steps and parameters for the purchase process of the below market rate condo located at:
88 S Broadway #3203, Millbrae, CA
Note from program administrator: All households interested in purchasing this below market rate (BMR) home must adhere to the following procedures and steps. Failure to do so may disqualify the household to participate in the purchase of the home. Please make certain to read this document in its entirety. A print-friendly PDF of this page is available by clicking here.