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Homeownership Program
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Below Market Rate (BMR) Home Ownership Program

The BMR Home Ownership program offers low and moderate-income , first-time homebuyers the opportunity to purchase specified condominium units in Marin County at less than market value. Marin Housing administers the sale of newly constructed units as well as previously owned units being offered for resale. There are approximately 340 homes in the program located throughout Marin County.

Please Note: Applicants who live or work in Marin County will be drawn in the First Priority Group for these Marin County Affordable Housing Units. All other applicants will be drawn in a Second Priority Group.

2016 BMR Application


*Please note the requirement for a "Certificate of Completion" of a HUD-Approved Homebuyer Education Course, which is due with initial appliction to the program and then once every 3 years threafter.

HUD-Approved Homebuyer Ed Courses

these courses provide the certificate required for BMR applicants


Affordable Housing and Homebuyer Readiness Program - MCCDC

be prepared in advance!

Sales at theSTRAND Began Fall 2015

Construction of theStrand, a unique waterfront development
at Loch Lomond Marina in San Rafael, is currently underway!

 Marin Housing will administer a total of 17 Below Market Rate home sales (16 3-BR Townhomes & SFDs, and one 2-BR unit).

There are no BMR units for singles in this development.

Click here for general information.

Check back to this webpage for further details, as available.

First ten BMR Lottery Drawings Completed
There will be one more drawing fro the Strand held in 2016 and the remaining 4 drawings will be held in 2018.
Watch this website for upcoming announcements!

Visit the Strand website


How do these BMR homes come into the Marin Housing First-Time Homebuyer Program?

When a developer is building a new development, they are required by the local jurisdiction to provide a certain percentage of the total units being built to the BMR Program, to be sold as affordable housing units.

In the case of theStrand, a development consisting of 3 and 4-bedroom homes, the City required the developer to provide units of similar bedroom size to the BMR Program. There will be approximately 15-17 BMR homes sold at theStrand, including 3-bedroom BMR’s and possibly one 2-bedroom unit, sold through Marin Housing’s First Time Homebuyer BMR Program.


BMR Program Eligibility Information

To be eligible to purchase a home through the BMR Program, you must meet the following guidelines:

  • You must be a “First-time Homebuyer”, defined as a borrower(s) who has not had an ownership interest in a principal residence in the past three years.

  • Submit a complete 2016 BMR Application, including the Homebuyer Ed Certificate, and check for the $25 annual BMRapplication fee.

  • Note the REQUIREMENT for Homebuyer Ed Cert: 
    Applicants must provide a "Certificate of Completion" from a HUD-Approved Homebuyer Education Workshop, which is due at initial application to the BMR program and then every 3 years thereafter.

    See the list of HUD- Approved Homebuyer Education Programs.There are online programs available.

  • Your total gross household annual income must fall below the current income limits established for Marin County, published by HUD each year.  Please note:

  • THE 2016 HUD INCOME LIMITS, effective 3/28/2016  
    The Income Limit for the BMR Program is 120% Area Median Income; however, some units will be priced for and have an Income Limit of 80% of Median.

Household Size

120 % Median Income

80 % Median Income


$  90,500




















  • NEW REQUIREMENT: You must complete a HUD-certified Homebuyer Education course (see list below) and have obtained a Certificate of Completion (to be submitted with your BMR Application). The Certificate is valid for 3 years.

  • You are advised to have cash and savings available equaling at least 5% to 10%of the purchase price to cover down payment, closing costs and reserves.
  • You must be able to qualify for financing through a Participating BMR Lender based on your verifiable income and credit standing.
  • Your assets, as well as income, will be reviewed to determine eligibility. A percentage of certain assets may be factored into your income.
  • You must live in the home as an owner-occupant. You may not rent or lease it to another party; to be monitored by Marin Housing.
  • To qualify for a 2-bedroom unit, you must have at least 2 members in your household and to qualify for a 3-bedroom unit, you must have at least 3 members in your household.
How do I apply?

Print the 2016 BMR application from the link below.
Complete the application and mail it along with your Certifcate of Completion from a HUD-certified Homebuyer Education course and a check for $25.00 to:

Marin Housing, BMR Dept.
4020 Civic Center Drive
San Rafael, CA 94903

For more information, or to request a brochure or a BMR application, please call (415) 491-2550.

Current BMR Owners! Find useful Information in the links below.

For information about how the current value of your BMR is calculated and for adding the value of Capital Improvements, see the link below for BMR BUYER'S DISCLOSURE STATEMENT.

For more information, or answers to other questions, please call (415) 491-2550 or ESPANOL: 415-491-2532


© 2002 Marin Housing Authority