What is a BMR unit?
Besides, can you rent a BMR unit?
The below market rate (BMR) units are legally restricted and may only be rented to qualified households paying a maximum allowable rent as established by our office each year.
Additionally, how do you qualify for BMR in San Francisco? San Francisco requires developers of market-rate homes to fund construction of below-market-rate, or “BMR,” homes. The city then mediates their sale. At the end of 2015, San Francisco had about 3,500 BMR units. To qualify, you must live or work here, and earn less than 120% of San Francisco's median income.
In this way, what is BMR housing?
Below Market Rate (BMR) housing program. BMR units can be available for rent or purchase. BMR sale and rent prices are based on what is affordable to households with low to moderate incomes. BMR units are usually part of market-rate developments and remain permanently affordable over time.
What is Mohcd?
The mission of the Mayor's Office of Housing and Community Development (MOHCD) is to coordinate the City's housing policy; to provide financing for the development, rehabilitation, and purchase of affordable housing in San Francisco; and to strengthen the social, physical, and economic infrastructure of San Francisco's