ABOUT BMR HOMEOWNERSHIP

Program Administrator

In 2003, EPACANDO received a contract from the City of East Palo Alto to administer the City’s “below-market-rate homeownership” program.For many years, the City required developers of for-sale housing to set aside a substantial number (typically 20%) of the new homes for purchase by qualified low-income buyers. EPACANDO helped buyers obtain homes, then monitored them for compliance with restrictions on refinancing, resale, and subletting.Later, as production of new for-sale homes in the city slowed—and therefore production of new BMR homes slowed—the City decided to operate the program using City staff.  However, beginning in 2019, EPACANDO was once again awarded the contract to provide this service for the City.  In 2025, the City renewed EPACANDO’s contract to administer the homeownership program.