The City of Milpitas Below Market Rate (BMR) Program is designed to assist very-low, low- and moderate income households in becoming homeowners.

Who is eligible?

To be eligible for a below market rate home, you must be a first-time homebuyer (meaning you, as the applicant and your spouse or co-applicants have not owned a home during the 3-year period prior to date of the application), have the ability to provide at least 10% required down payment, and household’s income cannot exceed very-low, low- or moderate as defined by the California Department of Housing and Community Development, please refer to the chart below.

2021 Department of Housing and Community Development(HCD) Income Limits

City BMR Preferences:

The City Council adopted a priority system for BMR units giving first preference to the following people (in the following order):

1.       Families of Veterans and Servicemen and Women

  • To qualify for this preference, a member of your household must be a Veteran of the U.S. military.

2.       Persons that have been displaced by public or private action. Some examples of actions that would qualify under this preference point are listed below. Others will be determined on a case by case basis:

  • Federal, State or local government action related to code enforcement, public improvement or development.
  • Action taken by a housing owner which is beyond an applicant’s control, including a rent increase that is beyond the ability of the renter to pay and results in eviction.

3.       People that live in Milpitas (at least 90 days)

4.       People that work in Milpitas

5.       People who live in Santa Clara County (at least 90 days)

Is financial assistance available?

The City provides limited amount of down payment assistance for very-low and low-income households who are approved and ready to purchase a BMR property.

 How do I apply?

1. All you need to do is fill out the form at the top of this webpage.

2. Once we contact you for a unit, you will be asked to submit all required documentation we will need to approve you to purchase a unit.

3. If you are submitting for a preference, please provide applicable documentation

4. After submission, you will be placed on the waiting list based on time of submission and preference (if applicable) until a unit becomes available in your income category.

 Currently the City of Milpitas has an OPEN waiting list for the BMR program. Please note- waiting time varies.

Frequently Asked Questions:

Q: Will I be notified by the City when my web form submission has been received?

A: You should receive an email from the City as soon as you submit. If you did not receive an email, please check your spam/junk folder. If you still did not receive an email confirming you’ve been added to the waiting list, please contact housing@ci.milpitas.ca.gov

Q: How long will it take for a BMR unit to become available?

A: The waiting time for an available BMR home varies.  Wait times are expected to exceed 2+ years due to high demand and limited inventory.

Q: How do I apply for a preference?

A: As indicated in the web form, you must select the preference(s) you believe apply to you. You will be required to demonstrate proof these preferences apply to you upon being selected to purchase a unit.  


Q: What if our address or contact information changes?

A: The City will be contacting you via email. If your email address changes during the time you are on the waiting list, it is very important that you update this information with us as soon as possible.  

Q: What if the home offered is too small?

A: The BMR housing stock only has 1, 2, or 3 bedroom homes available.  If you are offered a home that is not suitable for your preferences, you may choose to decline the offer and remain on the waiting list.


Q: Do I need to attend a first-time home buyer course?

A: Yes, you will need to submit a copy of Project Sentinel’s Certificate of Completion of the First-Time Home buyer course within two weeks of submitting a purchase agreement on a home. You do not need to complete the course in order to submit an application for the BMR Program.

Q: Does the City complete a credit check?

A: No, we do not. 

For any questions or concerns, please contact the Housing Division:

Housing@ci.milpitas.ca.gov / 408-586-3240