Residential developments of five or more units are subject to the requirements of the BMR housing program. These requirements also apply to condominium conversions of five units or more. As part of the application for a residential development of five or more units, the developer must submit a BMR housing agreement, which details the developer’s plan for participation in the BMR program. No building permit or other land use authorization may be issued or approved by the city unless the requirements of the BMR program have been met. The preferred BMR program contribution for all residential developments is on-site BMR units.
Under the BMR guidelines, BMR home sale prices and rental rates are calculated based on what qualifying households can afford. To comply with the BMR program, developers should agree to one or a combination of the following three alternatives, which are listed below in the order of priority set by the program: