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Los Altos Below Market Rate (BMR) Purchase Program Opportunity

Sherwood Gateway by Lennar

The City would like to announce an affordable housing opportunity in Los Altos. There are four below-market-rate units in a townhouse style project of 38 units that is newly constructed by Sherwood Gateway by Lennar. The homes are available for qualified buyers for $461,913.

Deadline to apply: Friday, March 14, 2014 by 4:00 p.m.
Required to apply: Loan Pre-Approval, BMR Orientation and Complete BMR Application. Buyer must contribute 3% of own funds for down payment and cover own closing costs. HOA Cost is $215 per month.

Each available unit includes:

  • Green Technology: Dual zone heating and air conditioning, high efficiency gas water heater, energy efficient lighting
  • Distinctive Exterior Finishes: Landscaped front yards, antique bronze light fixtures
  • Exceptional Interiors: Gorgeous designer kitchens and bathrooms

For Applications and Property Details visit the Neighborhood Housing Services Silicon Valley
website at