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Rent, affordable homes, zoning, and decisions that shape where people can live.
The City sets the sales price based on original price, depreciation, and a portion of the Bay Area cost‑of‑living increase, using the lower of appraised value or computed price.
The City hires a realtor to manage the sale of the BMR unit.
Households must have gross income at or below 120% of the San Mateo County AMI, adjusted for household size.
City staff reported on activity, deposits, disbursements, and available funds for the BMR Housing Fund.
The presentation defines “Transfer” to include sales, assignments, or loans on BMR units.
The Housing Commission may create an ad hoc subcommittee to advise the full commission.
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Provides focused expertise to advance housing initiatives.
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Decision update
The Housing Commission approved the creation of two ad‑hoc subcommittees—Housing Development and Anti‑displacement—adopted their purpose statements, and appointed Commissioners Beeli, Chapa, Oursler to the Housing Development subcommittee and Commissioners Dumont and Chapa to the Anti‑displacement subcommittee.
Decided Jun 3, 2026.
The developer must obtain all city and other governmental permits before construction begins.
The developer proposes two BMR units: one low‑income and one very low‑income.
BMR units must match market‑rate units in size and square footage.
The commission is reviewing rules for providing BMR units at locations other than the main development.
Performance delays caused by war, strikes, riots, flood or similar events are not considered a default.
Developer must follow recordkeeping and monitoring guidelines set by the City.
The party that wins a lawsuit can recover its costs and reasonable attorney fees from the other party.
The agreement runs with the land and binds the developer and its permitted successors and assigns.
Buyers must sign and record a Resale Restriction Agreement that limits future sales to low‑income or very low‑income households for a period of fifty‑five (55) years.
Purchasers must sign a statement agreeing to occupy the BMR unit as their principal residence.
The City and seller agree on a schedule of open houses for the unit, arranged at the seller’s convenience.
Residential projects of five or more units must submit a BMR Housing Agreement.
The developer must keep the project and property in good repair and safe condition during the agreement term.
The presentation outlines transfers that do not substantially comply with the required conditions.
Developer covenants that there will be no discrimination based on protected classes in sale, lease, or occupancy of the units.
The commission is reviewing how BMR unit requirements grow as the number of units in a development increases.
At least 50% of the ownership interest in a BMR property must belong to the qualifying applicant(s).
The City is the only party that can enforce the agreement to meet affordable‑housing goals.
