Interested in learning more about the City of Mountain View's Below Market Rate (BMR) Program? Join us for an informational call which will review information about the Below Market Rate program in the City of Mountain View.
Esta llamada revisara informacion sobe el program de viviendas conprecios por debajo del mercado.
The Below-Market-Rate (BMR) Housing Program helps address the high cost of housing in Mountain View by increasing the diversity and supply of affordable housing through the provision of mixed-income residential developments that integrate both market-rate and affordable units. The basic objective of the BMR Program is the provision of on-site affordable rental or ownership units within a new housing development.
A specific development project's BMR requirements are confirmed during the review of a Planning Application for new residential development. Visit the Planning Forms & Fees webpage for more information.
In addition to BMR requirements for residential development, the City collects a housing impact fee for all new nonresidential development (net new square feet) in the City to provide funding for affordable housing development in the City.
For questions, please contact the Housing and Neighborhoods Division at 650-903-6379 or email@example.com.