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    City of Santa Clara

City of Santa Clara Below Market Purchase (BMP) Pre-Application - Let's get started


Greetings!

Hello Housing, a nonprofit affordable housing organization, administers the City of Santa Clara's Below Market Purchase (BMP) Ownership Program on behalf of the City of Santa Clara. This pre-application will be reviewed by Hello Housing to determine initial eligibility to move forward in the application process. This pre-application is the first step in the application process and includes required information as well as optional information. Unless a section is labeled "Optional" it is a required section and must be completed. We encourage applicants to complete all sections. Answers to optional questions are confidential and will NOT impact your eligibility. In aggregate, the collective answers from the pool of applicants will help Hello Housing better understand who benefits from affordable homeownership programs and to advocate for effective programs to policymakers.


Before you proceed, you must have a pre-qualification letter from a lender. A pre-qualification is an initial assessment by a mortgage lender of a potential borrower's creditworthiness based on self-reported financial information, including income, debts, assets and credit score.  If you do not have a pre-qualification letter, stop the application process, contact one of the City's Preferred Lenders to obtain an assessment to ensure that you are able to qualify for the purchase price of the unit before proceeding. You can find a list of City-approved lenders here. *Your pre-qualification letter must indicate that you qualify for a loan that supports the purchase price of the unit that you are applying for and should be dated within 6 months of your application.*


The City has one (1) Below Market Purchase resale opportunity at 2913 Corvin Drive #155. Households who are interested in pursuing this opportunity are invited to complete a pre-application. The pre-application period will be open through March 10th, 2026, after which time the application period will be closed and no additional applications will be accepted.  All pre-applicants who submit an eligible application by the deadline will be invited to attend a virtual mandatory BMP Application Workshop to learn more about the new units, the BMP Program and the full application process.  Please note that there are minimum and maximum household size requirements per the BMP Guidelines. Only households of four (4) to nine (9) people are able to submit pre-applications for this home.


Please keep an eye out for email communications regarding your pre-application status and the dates of the BMP Application Workshop.



Thanks!
Hello Housing Team 





Section I. General Information








 

Hello Housing believes that fair and equal access to housing opportunities and programs is critical to supporting diverse communities where people thrive. To know how we are doing, we need to collect demographic information of our applicants. And, we need to collect this information in a way that can be compared with other publicly-available information. The format and choices of the following questions mirror how these questions are asked by the U.S. Census Bureau. 

Please be assured that this information is only used in the aggregate and is not used in any way to determine your household’s eligibility for any program offering. By providing this information, you are helping us better understand the reach and impact of our programs in the communities we serve, which in turn leads to more effective housing solutions.
Applicant Demographics

Please enter information about the primary applicant below.

Disability is defined per the U.S. Census Bureau's Disability Glossary found here.





Primary Language

Your answers below help us make the program more accessible to applicants who speak different languages.  Your answers will not be used in any way to determine your eligibility for this program.


Include all adults AND children living at least 50% of the time in the household. For minors to count in your household size they must be claimed as a dependent on the most recent tax return of one of the adult household members OR one of the adult household members must be able to provide evidence of at least 50% custody of the minor.



Household Member Demographics

Additional Household Member 




Disability is defined per the U.S. Census Bureau's Disability Glossary found here.





Primary Language

Your answers below help us make the program more accessible to applicants who speak different languages.  Your answers will not be used in any way to determine your eligibility for this program.





Section II. Basic Eligibility

Household Details



Household Income
Include all gross income (before taxes) anticipated for the current year, earned by adults in the household aged 18 or over. Include regular employment, self-employment, gratuities and commissions BEFORE taxes and other deductions, child or spousal support, pension, Social Security, disability pension, Worker’s Compensation, investment income and any other miscellaneous income. Please project annual income based on year-to-date income including overtime pay, plus any anticipated bonuses.

Please enter a number without dollar signs, decimals or commas

Household Assets
Assets are NOT the same as income. Assets include: the value of all cash in all of your financial accounts including checking and savings, mutual funds, etc., any cash on hand you may have, and the amount of equity in any real estate owned. Please also include the value of any gift funds or funds you anticipate withdrawing from retirement account(s) for your home purchase. Combine the total value of all of these assets for all adults in your household. Please DO NOT include the value of retirement account balances that you do not plan to withdraw for the home purchase, life insurance policies, special needs trusts or 529 college savings accounts. Enter 0 for no assets.

Please enter a number without dollar signs, decimals or commas


Preference Criteria
The City has established a priority system for allocating the limited number of affordable Homeownership BMP units.  Priority shall be given to income eligible households/applicants who meet the City of Santa Clara Preferences Criteria.  The priority must be met by one of the applicants that will be listed as owners on title to the subject property for the Home Buyer Program.  Household/applicants who do not meet one of the priority criteria noted below may still apply, however, they will have a lower priority assignment in the lottery & application process. To learn more about the Preference Priority criteria, visit our site HERE.  








Pre-Qualification


Please enter a number without dollar signs, decimals or commas



Section IV. Final Details

City of Santa Clara BMP Program












As part of my Pre-Application, I certify that the statements included herein are true and correct to the best of my knowledge. I also acknowledge that the information submitted in my Pre-Application will be shared with City of Santa Clara.