The City of Los Altos is offering two below-market-rate studio condos at 425 First Street for $192,392 and $197,801 through its BMR Purchase Program. These homes are reserved for low-income, first-time homebuyers earning up to $111,700 for one person or $127,650 for two people (80% of the area median income for Santa Clara County).
Applicants must complete income verification and a first-time homebuyer orientation. Priority is given to school staff, city employees, and first responders, followed by current or recent Los Altos residents and workers…