As part of the Below Market Rate Homeownership Program through the City of Alameda, one 3-bedroom, 2.5 bath high quality homes at Grand Marina Village will be offered to qualified moderate income buyers at a significantly reduced price. All applications will be processed on a first-completed, first-served basis. This home will be offered for purchase on a first-qualified, first-served basis. Adjacent to Grand Marina at the estuary end of Grand Street, this picturesque community offers views of Oakland and Coast Guard Island and is set just minutes from Park Street near downtown Alameda shopping and restaurants.
HomeBricks
HomeBricks makes it easier to advance to homeownership by assisting families in their completion and understanding of the application and qualification process for the City of Alameda's Below Market Homeownership Program. To make sure we keep in contact with you, please register here on the HomeBricks website. If you would like to know more about the Grand Marina Village community you will find more community information on the Warmington website. When you do check out the new home information on The Grand Marina Village website, please be sure to click back to this website to register and download an application. Again, please make sure you register on the HomeBricks website since the Grand Marina Village registration page is not set up to process the buyer applications for the Below Market Rate Homes and this would just cause delays in processing your application.
To link to the Grand Marina Village website CLICK HERE!
The following is a breakdown of the unit being offered at Grand Marina Village Phase:
Unit #
Bedrooms
Approx Sq Ft
HOA Fees
Income Bracket
Sale Price
1
3
1301
$199
Moderate 120% AMI
$359,900
To qualify for this program: your household income must be UNDER the income limits in the chart below. Other restrictions do apply click here for the BMR program information.
Household Members
Moderate 120%AMI
3
$99,750
4
$110,800
5
$119,650
6
$128,550
The Sales Center is located at 1629 Cruiser Lane (GPS Address is 2043 Grand Street) Alameda, CA 94501
If you have not yet registered with HomeBricks to receive information about this and other affordable homeownership opportunities, please do so by visiting our registration page here.