What are the odds?

Perhaps you’ve heard the term BMR — it stands for below market rate, and it applies to housing units that are made available to people who make a certain percentage of the Bay Area median income, depending on the building. The new Heritage on Fillmore, scheduled to open in the spring, has 12 BMR units — and 700 applications for those condos.

For more information on the BMR program, check out the website for the Mayor’s Office of Housing, which administers the program.

Share This:
  • Facebook
  • Twitter
  • LinkedIn
  • StumbleUpon
  • Digg
  • Technorati
  • del.icio.us

Speak Your Mind

*

Please view our comment policy, disclaimers, and copyright notice (if that's your thing).