The lottery drawing was conducted on May 23rd. The top 15 applicants have been contacted via email and phone with instructions for proceeding to the next steps. If you have not heard anything, that means your application is not in the top 15. If you have any questions regarding your place in the drawing, email
bmr@marinhousing.org with a request to know your positioning.
MAY 23RD, 2024 - 40 LADERMAN LN 1 BD/ 1 BTH CONDOMINIUM $215,000
Sale Price: $215,000
A lovely 746 square foot, one-bedroom/one-bathroom Below Market Rate (BMR) condo in Larkspur has become available to households with a total annual income up to 80% of the Area Median Income (AMI). This unit has an amazing location being walking distance from the Larkspur Ferry and Bon Air Shopping Center. The unit includes a private garage with in-unit laundry, a full kitchen with new appliances, and a living room with access to a shared patio. HOA dues are $810/month.
Marin Housing’s BMR Homeownership Program offers low to moderate income, first-time homebuyers the opportunity to purchase one of 329 BMR homes throughout Marin County at prices that are substantially below the market value. Resale Restrictions are recorded on title to ensure the property’s continued affordability and stipulate the requirements of BMR ownership.
When a BMR becomes available, a lottery is drawn from among names of eligible households who’ve applied and are actively enrolled in the BMR Lottery Pool the day prior to the drawing.
The lottery drawing is for this BMR is scheduled for May 23rd, 2024, and the top 3 winners will be promptly notified and asked to provide a mortgage preapproval letter at that time.
| Household Size | 80% AMI |
|---|---|
| 1 | $104,400 |
| 2 | $119,300 |
| 3 | $134,200 |
| 4 | $149,100 |
Downpayment Assistance
may be avaibile for Eligible Households earning below 80% AMI.
EMAIL MARIN HOUSING STAFF OR VISIT OUR WEBSITE FOR INFO BMR@MARINHOUSING.ORG
