City of Fremont Below Market Price (BMP) Homes
a) OPEN the file in Adobe.
b) Save the Adobe PDF file on your computer. Do not fill out the document until you have opened it as an Adobe file (Reader or Acrobat) and saved it on your computer.
c) Fill out, sign (do not use DocuSign), and save the completed document on your computer. For electronic signatures, type in your name in the signature box.
d) Answer all questions fully and accurately. Read the instructions and provide the requested information. If a question does not apply to you, type or print “N/A” or “NONE” if the answer is none.
e) Do not separate the provided forms. All three forms must be submitted as a single PDF document file.
f) Attach the saved PDF file from your computer when emailing to BAAHA at info@myhomegateway.com.
g) Print out the lottery application forms if you cannot download and fill out the electronic forms. Fill and sign them out, scan, and email the file to BAAHA at info@myhomegateway.com. BAAHA does not accept photographs of the application packet. It must be a scanned PDF copy. Alternatively, you can fax a copy to (415) 231-5181.
1.
Applicants must provide a current photo ID—such as a passport, driver's license, state ID, or school ID— for every adult household member who is 18 years of age or older.
First Lender Approval
- Approval Letter – must contain the following:
BMP owners must observe ownership restrictions and responsibilities. These restrictions are in place for a forty-five (45) year term and commence on the date of purchase. Restrictions include and are not limited to:
- The BMP resale price cannot exceed the maximum resale price the City assigns to the property.
- The BMP must be sold to a buyer that meets all the City BMP home program eligibility requirements.
- The City will review the lottery winner's financial documentation to confirm their eligibility for purchasing the BMP home. If the prospective buyer fails to meet the income and loan eligibility requirements by the application deadline, the City has the right to deny the purchase.
- There are resale and refinance guidelines and restrictions. All refinances and property resales must be approved by the City.
- The property must be owner occupied for at least 10 months in a year.
- The property must always be maintained in good condition.
- The property must be insured annually against loss by fire, flood, and standard extended coverage perils in amounts not less than the amount of all loans against the home.
- The property may not be rented out.
- There are guidelines and restrictions regarding passing the title. All property transfers must be submitted to and approved by the City.
For a detailed explanation of the City of Fremont’s BMP homes program guidelines and restrictions, visit the City’s First Time Homebuyer Program Guidelines.
All questions related to applying for the Hartford BMP home lottery must be submitted by email to BAAHA at info@myhomegateway.com.
Homebuyer Education Requirements
The completed BMP home lottery application packet must be submitted to BAAHA by email in an electronic PDF format at info@myhomegateway.com by 5:00 p.m. on Wednesday, April 2, 2025. If you are having difficulties submitting an electronic PDF application, please contact BAAHA by email at info@myhomegateway.com no later than March 31, 2025 at 5:00 p.m.
Note: All forms must be completed and signed, and all required documentation must be included in the BMP home lottery application packet. BAAHA will not process any incomplete submissions.
Household Size
| Unit Plan | Site Address | Bedroom Size | Approximate Square Footage | AMI Designation | BMP Price |
| T-1 | 38013 Cinematic Common | 3 | 1,407 | 120 | $579,444 |
Questions and More Information
Lennar’s Hartford Development sales team will contact the lottery winners to make arrangements to view the BMP home they will be purchasing.
BMP Model Home
Occupancy of Home
BAAHA BMP Lottery Application Review and Eligibility Determination:
Download and save Lottery Application Forms as Adobe PDF file. This is BAAHA’s preferred format to receive these documents. Please note that all three (3) forms are combined into one (1) document file. Once downloaded, make certain to:
Website Index
- 3-person household: $108,750 - $168,150
- 4-person household: $120,800 - $186,850
- 5-person household: $130,500 - $201,800
- 6-person household: $140,150 - $216,750
- 7-person household: $149,800 - $231,700
- Copy of First Lender Electronic Loan Application – frequently referred to by the first lender as form 1003
- Copy of First Lender Transmittal Summary – frequently referred to by the first lender as form 1008
Note: The City cannot guarantee that the information contained in the lender’s approval letter is accurate until the City completes a comprehensive review of all relevant documents required by the City.
The minimum household size allowed to purchase the three bedroom BMP homes is three (3) people and the maximum household size is seven (7) people.
All non-minor household members who are not dependents must be on title when the property is purchased. Qualifying dependents must be designated in 2023 and 2024 federal tax returns. Lottery applicants must identify household members who will be living in the home when the lottery application is submitted.
Hartford is a collection of brand-new townhomes in the Hartford master-planned community in Fremont. The community is near a public walking trail that intersects with the San Francisco Bay Trail. The Niles District is a short distance away with shopping and dining options, as well as events like concerts, parades, and a farmers' market. There are endless outdoor activities, from playing tennis at Central Park and boating at Lake Elizabeth to hiking at Mission Peak Regional Preserve. Major freeways and the Warm Springs/South Fremont BART Station are accessible for easy commuting, and San Jose International Airport is about 20 miles away.
The Hartford model homes are open daily for viewing from 10 a.m. to 6 p.m. Please keep in mind that the model home for the BMP home (Plan T1) is not available. Plan T2 is available for viewing and similar to the BMP home, just slightly larger. Lennar's onsite New Home Consultant will be available to answer questions.
- Maximum pre-approval loan amount
- Down payment amount and percentage
- Credit score of all Adult Household Members – no less than 660
- Housing ratio – between 28% to 35%
- Debt to income ratio – maximum 45%
- Total amount of all assets (should be less than $250,000)
38013 Cinematic Common
(Bldg 3, Unit 11)
3 bedrooms, 2.5 bathrooms. Approx. 1,407 sq. ft. HOA $350/month
BMP Home Sale Price: $579,444
BAAHA’s Role – Lottery Applications Intake and Processing
Purchase Ready – Financial Capacity
Hartford BMP Home Lottery Application Process
Maximum Household Income
To participate in the Hartford BMP home lottery, the household gross combined income may not exceed 120% of the area median income and may not be less than 80% of the area median income for Alameda County. Area median incomes are published annually by the California Department of Housing and Community Development. Current area median income allowances are based on household size and are represented in the table below. Gross income requirements and parameters are further explained in the City of Fremont’s First Time Homebuyer Program Guidelines.
Second Floor
The City of Fremont will directly contact the first place lottery winners to provide additional information regarding procedures and steps required to complete the City’s BMP home program approval process. The City may ask for more documentation if required to determine eligibility. The prospective buyers will be required to go through a comprehensive review approval and underwriting process based on the documents they provide. Only after satisfying all eligibility criteria, including financial requirements, will they be certified as a BMP home buyer.
All questions related to the Hartford BMP homes lottery application process must be directed to BAAHA by email at info@myhomegateway.com.
Three Bedroom Below Market Price Home
BAAHA advises lottery applicants to review the City’s guideline document before applying to participate in the BMP lottery.
Lennar, the property developer, is selling this BMP home in its newly built Hartford development in Fremont. This home is designated for households with a moderate income at 120% of the area median income (AMI). A brief overview of the home is provided in the table below.
The Purchase Process
Purchase Contract and Close of Escrow
Viewing Property
All eligible applicants who are currently living or working in Fremont will be prioritized to enter into the Hartford BMP home lottery. The City will process the live/work-eligible applicants first. If no eligible live/work lottery winning applicants are approved from the live/work lottery, the City will then initiate reviewing non-live/work applicants for lottery and purchase approvals.
The lottery is scheduled for Monday, April 14, 2025. (This date may be subject to change.)
After the lottery, BAAHA will notify the first place winners for the three-bedroom BMP home. The notification will remind and request that all documents listed below be submitted to the City within 48 hours. BAAHA will also send a separate email to the rest of the back-up winners (second, third, fourth, and fifth) about their lottery ranking and inform them that the City may contact them for full documentation. Required documentation to be submitted by first place lottery winners to the City (not to BAAHA) will include and may not be limited to:
- Six (6) months of most current paycheck stubs for all adults 18+
- Three (3) most current income tax returns for all adults 18+. Exemption for providing tax returns may be made for adult members from ages 18 to 24 who are declared as dependents on a household member’s tax return. Additional documents—such as bank statements, school transcripts, etc.—may be required at the lender’s or City’s discretion.
- Copy of bank statements for the past six (6) months for all adults 18+
- Copy of Pre-Approved Letter from a City-Participating Lender
- Copy of Form 1008 and Form 1003 from the approved lender; stipulates the housing ratio and middle FICO score
- Credit report(s) for all adults 18+ (FICO score of 660+)
- Documentation that provides evidence of living or working in Fremont. Documentation requires providing the City with acceptable documents from the following list: driver's license, lease agreement, voter registration, utility bill, vehicle registration, insurance premium bill (medical, home, and/or auto), or other evidence deemed acceptable by the City.
- Current picture ID of all members of the household, including children (passport, driver’s license, or school ID). If a picture ID is not available, a birth certificate is required.
- Proof of legal U.S. citizenship or permanent residency documents
The property may not be purchased as a rental property. The owner(s) of the home must be full-time residents who occupy the home for at least 10 months out of a year as their primary home.
City BMP Home Program Approval
The property developer, Lennar, has contracted with the Bay Area Affordable Homeownership Alliance (BAAHA) to field inquiries and manage lottery applications related to the Hartford BMP home. BAAHA is a 501c3 nonprofit organization that supports municipalities and developers in implementing the sale of BMP homes. BAAHA will be screening Hartford BMP home lottery applications to determine if an applicant is eligible to participate in an upcoming Hartford BMP home lottery. BAAHA will inform applicants of their lottery status and ranking. The City will request all necessary documentation from the lottery applicants in the order of the lottery ranking with priority preference for those who live or work in Fremont. Applicants who are contacted by the City to submit full documentation are considered prospective buyers. Prospective buyers will have two (2) business days to submit required documentation with a possible three (3) business day extension if efforts are being made to obtain necessary documentation at the City’s discretion. Eligibility determination on prospective buyers will continue until a qualified buyer has been identified or until the lottery rank list has been exhausted. Hartford BMP lottery application packets must be submitted to BAAHA by the application deadline date, Wednesday, April 2, 2025, at 5:00 p.m. Late, incomplete, or ineligible lottery applications will not be considered for the lottery. Questions related to purchasing a Hartford BMP home, including information regarding submitting a Hartford BMP home application, should be directed to BAAHA by email at info@myhomegateway.com no later than March 31, 2025 at 5:00 p.m.
Program Eligibility Requirements
Photo IDs of All Adult Household Members
Lottery Application Forms– 1 file with 3 forms to be completed
1. Determine if you are interested and eligible to purchase a BMP home. Be certain you understand the requirements and responsibilities of owning a BMP home. To get a detailed representation of BMP home ownership requirements and restrictions, visit the City of Fremont’s First Time Homebuyer Program Guidelines.
2. Determine if you are interested in purchasing one of the Hartford BMP homes. BAAHA suggests that applicants drive by the Hartford development site at 37903 Niles Blvd, Fremont, CA.
3. Submit a Hartford BMP home lottery application packet– To apply for the Hartford BMP home lottery, you can either download the application forms from the website or request a copy by emailing BAAHA at info@myhomegateway.com. The submission deadline for the application packet is Wednesday, April 2, 2025, at 5:00 p.m. If you choose to email, make sure to mention that the application is for the Hartford BMP home lottery.
Below Market Price Home
For any questions regarding application forms or if you are having difficulties downloading or processing your documents, direct all communications to BAAHA. You can reach BAAHA through email at info@myhomegateway.com. Do not contact the City of Fremont regarding the application process, as they will refer you back to BAAHA.
If you have questions regarding the Hartford BMP home eligibility requirements and the lottery application process, please contact BAAHA by email at info@myhomegateway.com. Please make certain to state you are inquiring about the Hartford BMP home. BAAHA has a strict policy and requires that all Hartford BMP home-related questions be communicated to BAAHA by email at info@myhomegateway.com. BAAHA will respond by email to all questions within a 24 to 48 hour turnaround time. All questions or requests must be submitted to BAAHA no later than April 1, 2025, at 5:00 p.m.
3.
BAAHA highly recommends that first time homebuyers secure HUD approved homebuyer education prior to starting their home purchase process. The City of Fremont does not require a homebuyer education certificate to submit a lottery application to purchase a BMP home. HOWEVER, the City will require that the household has secured a homebuyer education certificate from an Approved HUD education provider prior to purchasing a BMP home. Households may access a list of Approved HUD Education providers at BAAHA’s website: https://www.myhomegateway.org/hud-certified-counseling-agencies.html.
All adult members in the household must be first time homebuyers and may not have been named on a title or maintained a property ownership interest in real estate three years prior to submitting a lottery application for a BMP home. There are exceptions the City provides, and these exceptions are further referenced in the City of Fremont’s First Time Homebuyer Program Guidelines.
Property Description
a. BAAHA Lottery Application Overview and Instructions
b. Below Market Price Home Eligibility Checklist
c. First Time Homebuyer Application Form
The City of Fremont has a newly built Below Market Price (BMP) townhome scheduled to be available for sale in April 2025 through the City’s First Time Homebuyer Program. This townhome is part of the Hartford master-planned community located at 37903 Niles Blvd, Fremont, CA. The home is designated for moderate-income households. The home is an approximately 1,481 square foot three-bedroom townhome. It features a two-level floorplan and a two-car garage. The BMP home sale price is $579,444. Interested homebuyers will be required to submit a lottery application packet and participate in a lottery to be selected to purchase the BMP home.
The City has established lottery preferences that promote ownership for first time homebuyers who reside and work in Fremont. Preferences are not a requirement to apply. Separate lotteries will be conducted if needed for eligible live/work and eligible non-live/work applicants. The City will process the live/work-eligible applicants first. If no eligible live/work lottery winning applicants are approved from the live/work lottery, the City will then initiate reviewing non-live/work applicants for lottery and purchase approvals.
Live and/or Work in the City of Fremont
An applicant will be determined to live in Fremont if at least one applicant resides at a residential address that is physically located within the current incorporated area of the city of Fremont. The city may require applicants to submit a lease agreement, driver's license, voter registration, utility bill, vehicle registration, or other evidence as proof of residency in the city. Households must demonstrate that they are currently residing together at the time of application.
An applicant will be determined to work within Fremont if the applicant’s source of annual income and employment is based in Fremont and if the applicant works at least 20 hours or more per week within the Fremont city limits. Employment must be by a Fremont employer that pays business tax in Fremont at a work site in Fremont or through the operation of a Fremont‐based business that pays business tax in Fremont. Self-employed individuals must have a business license, and the business must be located in Fremont.
To meet the work preference, a household is only required to have one household member employed in Fremont.
Additional information regarding live and work preference parameters is provided in the City of Fremont’s First Time Homebuyer Program Guidelines.
BAAHA will not process any lottery application packets with missing documents or incomplete forms and/or ineligible information.
Lottery applicants may not submit a lottery application without a first loan approval to purchase a Hartford BMP home. The first loan approval must come from a City participating lender. A list of City participating lenders may be obtained here: City of Fremont Participating BMP Home First Lenders. Applicants will be required to provide information regarding the first lender they are using in BAAHA’s Instructions and Protocols form (referenced above). Participating first lenders will be required to provide lottery applicants with a loan approval letter. This loan approval letter must include the following information and must be provided as part of the household’s lottery application submittal package:
Below is a synopsis of the program eligibility requirements that lottery applicants must meet to participate in the Hartford BMP home lottery and to purchase and maintain ownership of a City of Fremont BMP home.
All topics discussed in the below synopsis are covered in greater detail in the City of Fremont’s First Time Homebuyer Program Guidelines.
Program Lottery Preferences
Next Step
NOTE: Make sure to review all information on the forms and that all required documents are complete before submitting the BMP Home Lottery Application Packet to BAAHA. Any submitted packet that has incomplete forms or is missing required documents will be rejected and will not be processed.
Floor Plan
Lennar’s Hartford Development sales team will work with the lottery winner to show the BMP home and write the real estate purchase contract. The sales team will also be involved in coordinating purchase contract related activities with their first lender and Lennar’s preferred escrow company. City staff will be involved in coordinating the program related purchase activities with the BMP home buyer, first lender, Lennar’s sales team, and the title company. BAAHA is not involved with BMP purchase contract-related matters.
The household must demonstrate financial capacity and purchase readiness to purchase a BMP home. This will include:
- A minimum 3% down payment of $17,384 is required. The maximum down payment is 20% of the purchase price. The buyer should also have adequate asset reserves to cover closing costs to purchase the home (which could range from 1% to 2% of the purchase price); and a minimum of two months of housing expenses. The 3% down payment must be held in an account in the applicant’s name for at least six months prior to submitting the application. The applicant may use gift funds in an amount where the applicant’s down payment plus the gift funds do not exceed 20% of the purchase price. Gift funds may not be used for the 3% down payment requirement. Gift funds must be accompanied by gift letters. All funds (including gifts) must be sourced and seasoned from institutional accounts. Reserve requirements may also be held in accessible retirement accounts (401K, 403B, IRA, etc.).
- Minimum FICO score of 660 for all household members over 18.
- Program participants may be disqualified from purchasing the BMP home if their Affordable Housing Cost (AHC) ratio is either below the minimum or over the maximum ratio allowances. An AHC ratio is the percentage relationship between total monthly costs to own the property in relation to the gross monthly household income that the City and/or first lender apply towards the housing ratio calculation. The households must have an affordable housing cost ratio that falls between a floor of 28% (lowest allowed) and 35% (highest allowed).
- The maximum Debt to Income (DTI) Ratio is 45%.
Additional information regarding financial and purchase readiness is provided in the City of Fremont’s First Time Homebuyer Program Guidelines.
Overview
BAAHA’s Role– Lottery Application Intake and Processing
Property Description
Below Market Price (BMP) Home Ownership Restrictions/Requirements
Program Eligibility Requirements
Hartford BMP Lottery Application Process
The Purchase Process
Next Steps
Questions and More Information
Ownership Opportunity
Within seven (7) business days after the lottery application packet is submitted, BAAHA will review the applications and submit the eligible lottery application packets to the City for final review to participate in the lottery. BAAHA will provide a written notification to the applicants regarding their lottery eligibility status/ranking. Receiving a determination allowing an applicant to participate in the lottery is not a program approval. The City will request all necessary documentation from the lottery applicants in the order of the lottery ranking with priority preference for those who live or work in Fremont. Applicants who were contacted by the City to submit full documentation are considered prospective buyers. Prospective buyers will have two (2) business days to submit required documentation with a possible three (3) business day extension if efforts are being made to obtain necessary documentation at the City’s discretion. The City reserves the right to request additional documentation, if needed, to make an eligibility determination. Prospective buyers will have two (2) business days to submit additional documentation requested by the City. Prospective buyers are not guaranteed a home for purchase. Eligibility determination on prospective buyers will continue until a qualified buyer has been identified or until the lottery rank list has been exhausted.
First Floor
Overview
Lottery Application Submission
Applicants are not required to have a real estate agent to apply for the Hartford BMP home lottery. Lennar will not cover the real estate agent’s commission, so applicants are responsible for their buyer’s agent commission.
2.
Prospective homebuyers interested in purchasing a BMP home must submit a complete lottery application packet to BAAHA by 5:00 p.m. on Wednesday, April 2, 2025.
The Hartford BMP Home Lottery Application Packet must contain the following documents:
BAAHA recommends that Hartford BMP home lottery applicants take the following steps as they proceed forward with the BMP home application process:
City of Fremont
BMP Home Lottery and Related Notifications
BMP Home Lottery Application Packet Submission
Below Market Price (BMP) Home Ownership Restrictions/Requirements
First Time Homebuyer
First Lender Approval Loan Letter – with Form 1003 and 1008
Photo IDs for all adult household members, 18 years and above