The Below Market Rate (BMR) Housing Purchase Program is a part of the Palo Alto Comprehensive Plan. The purpose of this program is to create and retain a stock of affordable housing in Palo Alto for people of low and moderate income.
When a development of five or more residential units is built in the City of Palo Alto, the developer is required to contribute at least 15% of those units at below market rates (projects of 7 or more units must provide one or more BMR units within the development). The initial BMR sales prices are set by the City's Director of Planning and Community Environment, and the buyer selection process is administered by the Palo Alto Housing Corporation (PAHC). PAHC is a private, non-profit organization under contract to the City. This information is provided to familiarize you with the BMR Housing Purchase Program. For additional information or to complete the waiting list application, please click the link for the PAHC website.