Purchase Program

Alta Housing BMR Services, LLC administers the City of Palo Alto’s Below Market Rate (BMR) Housing Purchase Program, a program that provides homes in Palo Alto for low- and moderate-income buyers. BMR properties, which are principally condominium apartments and townhouses, are sold at prices that are significantly below the prevailing market rate.

BMR homes are located all across the City of Palo Alto. BMR purchasers are selected from a Waiting List maintained by the Alta Housing BMR Services, LLC and must meet special income and other eligibility requirements. BMR homes must be owner-occupied and are subject to special restrictions on rental and resale.

If you would like learn more about being a homeowner, FannieMae offers a free online class called HomeWise.

As of June 2026, the BMR waiting list is currently closed.