Below Market Rate Ownership Program

Income Limits
In order to qualify for moderate, low, or very low income units, your income must fall below the 2015 maximum limits.

Maximum Allowable Household Incomes
Moderate Income $78,550
Low Income $50,150
Very Low Income $32,750

Below Market Rate (BMR) Ownership Program

A Below-Market-Rate (BMR) unit is a unit that is priced to be affordable to households that are moderate income or below. Moderate income is defined as an annual income of 120% or less of the Area Median Income (AMI) for Alameda county, and varies depending on the number of people in the household. AMI is adjusted every year. Usually, the BMR price is lower than the prices of other units in the same development that are being sold on the open market. Sometimes BMR units are priced for and restricted to households that are low income (80% or less of AMI) or very low income (50% or less of AMI). For more information on BMR units, please read more online (PDF).