Through the Below Market Rate (BMR) housing program the City of Menlo Park funds the development of new affordable housing units, manages a portfolio of BMR ownership units and works with property owners to advertise available BMR rental units.

Menlo Park contracts with Hello Housing to service existing purchase assistance loan, emergency repair loan, community development block grant and rehabilitation loans that had been granted prior to 2012. Hello Housing also manages Menlo Park's BMR rental and ownership interest lists.