First Time Home Buyer Programs

Below Market Rate Home Available

616 Palomino Drive

The City of Pleasanton and Hello Housing have teamed up and have a Below Market Rate house for sale. Please see Hello Housing's Website at for more information and the application. They can also be contacted at or at (415) 863-3036. 

Pre-applications will be accepted beginning June 30th, 2020 until July 21st, 2020.

Application Due Date: Tuesday, July 21st at 5PM


AC Boost - Alameda County

Down Payment Assistance Program  


Down Payment Assistance is available through AC Boost!


AC Boost is Alameda County's NEW Down Payment Assistance Program. AC Boost provides financial assistance to the middle-income working households to purchase a home in Alameda County. The program offers shared appreciation loans of up to $150,000 to first-time homebuyers who live in, work in, or have been displaced from Alameda County.

AC Boost is funded by Alameda County Measure A1 and administered by nonprofit organization Hello Housing.

Application deadlines and eligibility requirements apply.


Learn more at, email, or call (510) 500-8840

Check out the AC Boost flier!

Preparing for Homeownership

ECHO Housing offers classes on how to find, qualify for, and buy a home as well as debt and financial education and counseling. You can also obtain information about down payment assistance, first-time homebuyer programs, housing counseling, mortgage products and more.

The City will be publicizing future home purchase opportunities (new homes as well as the resale of existing PHAP homes) through Hello and ECHO Housing. Those interested in staying informed about future ownership housing opportunities sponsored by the City of Pleasanton should contact these agencies and click Interest list to be notified of the City's future affordable housing opportunities.

Pleasanton Housing Costs

Pleasanton is located in an area of high housing costs typical of the San Francisco Bay Area. The Bay East Association of Realtors ® maintains up-to-date information on sales prices for existing homes.

Homes at Below-Market Prices

In 1992, the City introduced the Pleasanton Home Ownership Assistance Program (PHAP) to assist first-time home buyers in overcoming the obstacle of high local housing costs to be able to purchase homes in Pleasanton. Working with local housing developers, over 120 below-market priced homes have been constructed to date.

The purchase of PHAP homes has generally been restricted to owner-occupant, first-time home buyers. To ensure continued affordability over time, PHAP homes include restrictions controlling the maximum sale price and maximum income of subsequent buyers when the homes are resold.

PHAP homes represent a variety of housing types which have been sold at several different affordability levels.

  • Contact Hello Housing to be notified about future application processes.
  • Contact ECHO Housing and/or to enroll in the required First-time Homebuyer Education Class and to get prepared for a BMR home purchase.


HomesFinancing Programs

In 2004, the City introduced a Down Payment Assistance (DPA) program. The program currently provides up to $20,000 in down payment assistance for low- and moderate-income buyers. Assistance is in the form of a low-interest loan that is amortized over 20 years. Buyers are responsible for obtaining a first mortgage with a CalHFA-approved lender at a fixed interest rate with no negative amortization, balloon payment or adjustable rate features. DPA Program administration is handled through Hello Housing.  Additional information, including the process for submitting a pre-application, can be found in the brochure, application, and guidelines for the DPA program.

Additional assistance has sometimes been available through the Mortgage Credit Certificate (MCC) program administered by the Alameda County Housing and Community Development Department (HCD). Through the MCC program, eligible home buyers can receive a credit on their annual taxes to lower their monthly housing payment.