BMR (below market rate) - is a program that provide housing to low and medium income families in Bay Area. To be eligible to purchase a “BMR” unit, a household must meet specific income and first-time homeowner requirements.
The price for this kind of home doesn't depend on comparable sales in an neighborhood. It depends on AMI (area medium income).
So, in order to buy such a home you need:
BMRs have many restrictions as well:
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