First Time Home Buyers

The City of Berkeley participates on the Mortgage Credit Certificate (MCC) Program through Alameda County.  Please call (510) 670-5799 for a brochure and listing of participating lenders.  MCC recipients may take up to 15% of their annual mortgage interest payments as a dollar for dollar tax credit against their federal income taxes.  Qualified homebuyers can adjusts their federal income tax withholdings, which will increase their income available to pay the monthly mortgage.

We can provide information and referral to organizations and owners with below market rate condominium, cooperative and single units created under the City’s Inclusionary Housing Ordinance or created with City’s financial assistance.

To qualify as "low income" a family’s gross income must be below 80 percent of the area median income as follows:

INCLUSIONARY ZONING OWNERSHIP (CONDOMINIUM) UNITS

Under the City of Berkeley's Inclusionary Housing Requirements in the City's Zoning Ordinance, developers of new housing units in the City of Berkeley must provide a portion of the units to moderate income families (families whose income does not exceed 100% of area median income). Below is a listing of the properties that have been developed as condominiums, containing permanently affordable condominium units:

2010-14 Hearst Avenue

2615 Telegraph Avenue

2029 Channing Way

1801 University Avenue

1849 Shattuck Avenue

718-26 Gilman Street

A number of new condominium units are in the planning stages at this time.

LIMITED EQUITY COOPERATIVE OWNERSHIP

Northern California Land Trust
3126 Shattuck Avenue
Berkeley, CA 94705
(510) 548-7878

Savo Island Cooperative Homes
2017 Stuart Street
Berkeley, CA 94703
(510) 841-4595

University Avenue Cooperative Homes
1473 Addison Street
Berkeley, CA 94702
(510) 843-5937

Crossroads Village Mutual Housing Assoc.
1970 San Pablo Avenue
Berkeley, CA 94703
(510) 849-2836