The City of Campbell offers Below Market Rate (BMR) homes to provide long‑term affordable homeownership options for low‑ and moderate‑income households. Buyers of BMR homes agree to maintain affordability and occupy the home for the entire restricted term (typically 45–55 years). When selling, BMR homeowners must resell to another income‑qualified buyer at a below‑market price to ensure future affordability.
In partnership with Pulte Homes, the City of Campbell is offering BMR homes through the Monarch community. Housing Group will administer the program.
Important: Interested buyers must attend an educational meeting hosted by Housing Group before visiting the Monarch sales office. Models are not available until early 2026. Model tours are expected to be available in early 2026.
| % AMI | 1 Person | 2 People | 3 People | 4 People | 5 People | 6 People | 7 People | 8 People |
|---|---|---|---|---|---|---|---|---|
| 80% | $111,700 | $127,650 | $143,600 | $159,550 | $172,350 | $185,100 | $197,850 | $210,650 |
| 120% | $164,000 | $187,400 | $210,850 | $234,250 | $253,000 | $271,750 | $290,450 | $309,200 |
Workshop attendance is required to apply for a BMR home at Monarch. Learn about purchasing at Monarch, the BMR program, application process, and lottery system.