Los Gatos has been quietly setting aside dozens of homes specifically for low-to-middle income people.

It's part of the Silicon Valley town's effort to keep those who work there close.

For example, an 1,100-square-foot home in Los Gatos, featuring two bedrooms and two-and-a-half bathrooms, could be the bargain of a decade at its steeply discounted price of $274,000.

Anyone interested must have a certain income to qualify for the house -- which is one of 54 the town is selling to help its local workers. Requirements include any family of two cannot make more than $105,000 and a family of four cannot make over $130,000.

Los Gatos is taking application until Dec. 26. The buyer will be picked using a lottery system from all qualifying offers.

Click here for more information.