Cat Friendly Fitness Center Pool Dishwasher Refrigerator Kitchen Walk-In Closets Clubhouse. Track your homes value and compare it to nearby sales. Meanwhile, Cincinnati and Buffalo saw no change compared to last year. Home; Rent . The owner's program documents may have exceptions to these restrictions. below market rate housing sunnyvale. 2 Beds. . Esta llamada revisara informacion sobe el program de viviendas conprecios por debajo del mercado. To be included in this dataset, a Redfin.com user Income Limits will be updated each year by HCD. For applicants reapplying for a position on the waitlist, the applicant will maintain their current position on the waitlist from the previous year, provided the applicant continues to qualify for a BMR unit and their priority points remain unchanged. The city of Sunnyvale requires developers of large housing projects to sell a percentage of the homes at below-market prices to low- to moderate-income households. Our City Departments Community Development Housing Below Market Rate Housing Program. In January 2023, Sunnyvale home prices were down 9.64% compared to last year, selling for a median price of $1.5M. to be eligible for a below market rate home, you must be a first-time homebuyer (meaning you, as the applicant and your spouse or co-applicants have not owned a home during the 3-year period prior to date of the application), have the ability to provide at least 10% required down payment, and household's income cannot exceed very-low, low- or Also, the Housing Trust of Santa Clara County has a program to help first time home buyers with the down payment. THERE ARE NO AVAILABLE UNITS AND THEREFORE WE ARE NOT ACCEPTING APPLICATIONS. View 10 housing authorities and agencies in Sunnyvale, CA. Housing Division. In February, no regions saw an increase in selling activity. However, inventory in this group of metro areas as a whole is still 40.9% below pre-pandemic levels. Third priority by the date and time that the application is submitted. The sale to list price ratio rose higher again, with homes selling on average at 121.8% (+0.2% from last month, +18.2% from a year ago) Days on market were at 9 in April, down from 14 in March and down from 10 a year ago. process of developing market-rate housing developments. Applicants are split into three categories: Second priorityAll other households who either live in Santa Monica or work at least25 hours per week in Santa Monica. Phone: 408-730-7250 TDD/TYY: 408-730-7501 Fax: 408-737-4906 . BMR homes are not subsidized by the City, but prices are restricted by the City. Section 5.4 of theCupertino BMR Manualprovides detailed information. 314-townhome community in Sunnyvale by Landsea, called The Vale, sold out in about two . Alameda County features 12,908 low income apartments with rental assistance where households typically pay no more than 30% of their income towards rent. Sunnyvale, CA 94087 We hope the links below for below market rate home sales and rentals are helpful: City of Sunnyvale: Below Market Rate Home Ownership Program. See all recently sold homes in Sunnyvale. List Price $2,250,000 Sale to List 5% over list Days on Market SOLD MAY 24, 2022 $1,715,000 This document summarizes the proposed Draft Inclusionary Below Market Rate (BMR) Rental Housing Program and associated Rental In-Lieu Fee. The number of homes for sale has increased by 67.8% compared to last year. The 1,283 sq. Big Sunnyvale housing development pushes Share this: Click to share on Facebook (Opens in new window) . According to Realtor.coms February housing data, the inventory of homes for sale continued to grow, driven by homes spending more time on the market as buyers continued to face affordability constraints. 456 W. Olive Aveue (408) 730-7250. Below Market Rate Ownership Application Guide Inclusionary (BMR) Development Standards (PDF) Current BMR Homeowners: Please contact Below Market Rate Program Asset Manager, Christina Enriquez with HouseKeys at 408-684-8788 or via email to Christina Enriquez. Total gross annual income from all sources earned in the last tax year. The most popular neighborhood in Sunnyvale is San Jose, where there are 83 verified RentCafe listings with an average rent of $2,754. Qualifying households would have incomes ranging from about $55,000 a year to $130,000 per year. READ REDFIN'S FAIR HOUSING POLICY. City of Sunnyvale . February 2023 Monthly Housing Market Trends Report. Las Vegas and Austin See Higher Inventory Compared to Pre-Pandemic Years. Copyright: 2023 Redfin. Applicant must be able to show mortgage readiness, including having a minimum of three (3) percent down-payment. BMR rental units are made available to very-low and low-income households. City staff is available weekdays 8 - 5 p.m. to answer questions and accept applications. For questions or additional information about the program, please email: Increases purchase capacity for low to moderate-income, homebuyers that either live and/or work in the County of San Mateo; Creates a mechanism which adds permanent affordable housing in unincorporated San Mateo County; Provides the resources and support to assist residents and individuals who work in the County to fulfill their dream of home ownership. The total number of homes for sale, including homes that are under contract but not yet sold. As a result of these changes, this release is not directly comparable with previous data releases and reports. The city expects a crush of interest in the houses, so this is the first lottery. The County of San Mateos Below Market Rate (BMR) Program fulfills several key affordable home ownership objectives: A BMR unit is a housing unit that is priced to be affordable to households that are moderate income or below. All Rights Reserved. ft. condo is a 2 bed, 2.0 bath unit. Home Uncategorized low income housing sunnyvale. If you qualify, we send your information to the property owner and the property owner will contact you directly. Housing Counseling: (408) 470-3730. BMR Owners may prepay first mortgageloans before the loan term but BMR Owners who also have Below Market Rate Downpayment Assistance Loan Program (BMR DALP) loans from the City may be required to repay the BMR DALP loan at that point. Learn about natural hazards and environmental risks, such as floods, storms, fires, droughts and heat risks that could impact homes in, Explore how many homes are likely to flood in nearby cities, compared to, Click on the risks below to learn which exist in. When an owner of an affordable housing property has a vacancy, they request applicants from the BMH waitlist. How much is your home worth? Time on market continued to grow compared to last year but remained lower than pre-pandemic levels in all regions except for western markets. While mortgage rates are down from October and November 2022, higher rates and home prices compared to February of last year have increased the monthly cost of financing 80% of the typical home by roughly $630 (+45.1%) compared to a year ago. We also offer an Affordable Rental Units (ARUs) program. Mayor's Office of Housing and Community Development 1 South Van Ness, 5th Fl. Analyze our statistical data showing the local real estate investment market trends. Applicants for the BMR Purchase Program are encouraged to attend aFirst Time Homebuyer Certificatefrom a HUD certified agency. In 1980, Council established the Below Market Rate ("BMR") Housing Program, which is currently codified in Sunnyvale Municipal Code (SMC) Chapter 19.66 ("the Ordinance"). San Francisco Shipyard, Office of Housing and Community Development, Office of Community Investment and Infrastructure Affordable Housing Program Although Mountain View's below-market-rate (BMR) housing ordinance, passed in March, 1999, is overwhelmingly favored in the community, it is unlikely that BMR units will be available in the near future. As a result of these changes, this release is not directly comparable with previous data releases and reports. for FAQs, Cupertino BMR Rental, and BMR Homeownership information. Email: programs@housekeys.org 409 Tennant Station #495 Morgan Hill, CA 95037 City of Sunnyvale - Housing Division 456 W. Olive Avenue Sunnyvale, CA 94088-3707 . City of Menlo Park, Below Market Rate Housing Program - Zoning Code Chapter 16.96, Link: To learn more about the City of Sunnyvale's Below Market Rate and First-time Home Buyer programs, visit our web page at BMR.inSunnyvale.comor call (408) 730-7250. Rental rates for BMR units are determined by income level and household size. below market rate (BMR) program information call, BMR Program Information Call Registration. BELOW MARKET RATE HOUSING PROGRAM GUIDELINES Income Limits/Section 14, Tables A and B Updated for 2017-18 Originally Adopted by City Council on January 12, 1988 Revised by City Council on the following dates: December 17, 2002 (No Resolution) March 25, 2003 (Resolution No. Midwest metros had the highest growth rate in active listing prices, with an average increase of 11.9% over the past year. Onizuka Crossing in Sunnyvale is an affordable housing project with 12 units . Policies & Disclaimer. You were emailed about a vacancy but are not interested AND provided a reason as why (also called opting out of the vacancy). West Valley Community Services Center: wvcommunityservices.org Areas served: 95014, 95015, 95129, 95130 (Cupertino, parts of West San Jose and West Campbell) 10104 . Ft. Any remaining liquid assets will be multiplied by 10% and added to the total household income. The number of homes for sale has increased by 67.8% compared to last year. The Below-Market-Rate (BMR) Housing Program helps address the high cost of housing in Mountain View by increasing the diversity and supply of affordable housing through the provision of mixed-income residential developments that integrate both market-rate and affordable units. This is smaller than Januarys 32.1% decline, which could mean that the housing market is starting to stabilize at a relatively low level of existing home sales activity. Income Limits will be updated each year by HUD. You were emailed about a vacancy and opted in but did not: You declined the apartment after it was offered to you, Your actual income was calculated by the property owner to be too high or low to meet the eligibility requirements of the apartment, which means your application is not up-to-date or accurate, Your household size does not fit the apartment because your application is not up-to-date or accurate. Giu 11, 2022 | narcissistic withdrawal. incorporated a new and improved methodology for capturing and reporting housing inventory trends and metrics. . Section 8 Homebuyer Program participants. Primary residence in San Mateo County continuously for a minimum of one year. Originally built in 1974, MidPen acquired Country Hills apartments in 1991, converting it from market-rate to mixed-income housing. A minimum average of 20 hours per week, over the course of the qualifying year. BELOW MARKET RATE (BMR) RENTAL HOUSING . Below Market Rate (BMR) Ownership Page 0 of 20. The offered amount is frequently a price mirage. ft. Palo Alto* (1984) Large commercial and industrial: $19.31/sq. Sunnyvale city officials have claimed they are attempting to remedy an imbalance that has led to a severe shortage of housing relative to the employment in the jobs-rich city. homebuyers participating in the City's Below Market Rate (BMR) Home Ownership Purchase and First Time Home Buyer (FTHB) Programs. The Cupertino BMR Rental Program is designed to assist very-low and low-income households. *Effective April 18, 2022. Home Buyer Programs Below Market Rate Home Ownership Program The City requires developers of large housing projects to sell a percentage of the homes at below market prices to low- and moderate-income households through the Below Market Rate (BMR) Home Ownership program. Lavender would also offer 20 below-market-rate homes, four more than what SummerHill planned to offer. The qualifying transferee must work with MOHCD to complete the transfer process within 1 year of the death of the BMR owners. The City of Santa Monica is partnering with Community Corporation of Santa Monica,a non-profit organization that restores, builds, and manages affordable housing, to provide one streamlined list for affordable housing. Santa Clara County features 8,203 low income apartments with rental assistance where households typically pay no more than 30% of their income towards rent. However, in each of these metros the mix of inventory has changed and more larger, expensive homes are for-sale today. The average sale price of a home in Sunnyvale was $1.5M last month, down 9.64% since last year. The CityLine development in downtown Sunnyvale has the green light to go ahead with a mixed-use project that's the first of four in the development's second phase. If its not purchased, then we lose potentially 25 years of it being affordable; thats something that we dont like to lose.. Income (650) 334-1065. Plus, 20 of the new townhomes will be priced below market rates, according to Landsea. Below Market Price (BMP) Housing Program When new developments are approved by the Town, the Below Market Price (BMP) Housing Ordinance adopted in 1979 requires developers to offer a minimum percentage of the units so they are affordable to lower and median income households. There are 55,094 households in the city with an average household size of 2.67 persons. All Access Digital offer for just 99 cents! A rehabilitation of the community included new plumbing, kitchen and bathroom renovations, new windows, outdoor siding, and a re-landscaping of the community's . FOR MORE INFORMATION, CONTACT Rise Housing: cupertino@risehousing.com (415) 301-5448 (messages returned within 36-48 hours) Visit Rise Housing for FAQs, Cupertino BMR Rental, and BMR Homeownership information. Las Vegas (+17 days), Los Angeles (+15 days), Phoenix and Seattle (+11 days each) saw the greatest increase in time on market compared to average 2017 to 2019 pacing. The only metro to see inventory decline on a year-over-year basis was Hartford (-8.8%). Please visit the HouseKeys website http://www.housekeys2.com/ for information on the City's affordable housing program. While mortgage rates are down from October and November 2022, higher rates and home prices compared to February of last year have increased the monthly cost of financing 80% of the typical home by roughly $630 (+45.1%) compared to a year ago. You will needevidence of a court-ordered custody agreement. Income and Rent Overburden in Sunnyvale The median gross income for households in Sunnyvale is $105,401 a year, or $8,783 a month. Progettato da how to close margin position kucoin | Sviluppato da, Describe A Time When You Were Treated Unfairly. million Redfin.com users who searched for homes across more than 100 metro areas. The BMR rent limits for one-bedroom and two-bedroom units are $1,839 and $2,069 respectively. On a price-per-square-foot basis, listing prices only grew by 22.6% in Milwaukee, 18.4% in Memphis, and 7.8% in Virginia Beach. Growth accelerated from last months 12.3% growth rate because homes are spending more time on the market, but the growth rate in the total number of homes for sale remains lower than active inventory because there are still fewer homes under contract (pending listings) than there were last year. The South saw selling activity decline least, with newly listed homes down by 7.0% compared to the previous year, while they declined by 31.4% in the West, 17.7% in the Midwest, and 17.0% in the Northeast. CITY OF SUNNYVALE BMR RENTAL HOUSING PROGRAM 456 W. Olive Avenue Sunnyvale, CA 94086 (408) 730-7456 (408) 737-4906 APPLICATION FOR BMR WAIT LIST The information provided on this form will be utilized. Website: Sunnyvale.ca.gov Email: housing@sunnyvale.ca.gov These amounts We work through federal, state, and local programs to make sure that communities in Silicon Valley don't miss out on the true richness of people because of the high cost of housing. Welcome to the Housing Authority of the City of Alameda. Growth accelerated from last months 12.3% growth rate because homes are spending more time on the market, but the growth rate in the total number of homes for sale remains lower than active inventory because there are still fewer homes under contract (pending listings) than there were last year. Inventory in the Midwest is still 51.5% below pre-pandemic levels, and it is 59.0% below pre-pandemic levels in the Northeast. Based on Redfin calculations of home data from MLS and/or public records. 21 elementary schools. Markets which reported large yearly declines in newly listed homes were led by western metros such as San Jose (-43.3%), San Francisco (-39.4%), and Seattle (-36.8%). The average sale price per square foot in Livermore is $715, up 17.4% since last year. Virtual Tour. Test your ability to identify the developments that are affordable and those that are market rate by scrolling over the photos below: . Many homes get multiple offers, some with waived contingencies. Sunnyvale, CA: 1980-1999 529: 28 c: Freehold Township, NJ: 1984-2010: 519 20: c . Work in San Mateo County a minimum of one year over the last two years. Credits and contributions from a third party are allowed for non-recurring closing costs and/or prepaids. Be aware that HOA dues can increase over time beyond the pace of inflation. The neighborhood nested between Highway 87 and Alameda Expressway, for example, has six below market rate housing projects, or 589 units, the analysis shows. Housing Division. In January, home selling sentiment improved due to improved price expectations, however it remained well below last years levels, according to Fannie Maes Home Purchase Sentiment Index (HPSI) survey. Homeowners can sell their home at a market rate price at the end . This means that there are still fewer homes available to buy on a typical day than there were a few years ago. (877) 355-1244. ), but are priced out of being able to live in the neighborhood in which they serve. Housing Resources. General Interest Form (rentalor ownership program), Sign up for future affordable Rental Units, Eviction Moratoria & Tenant/Landlord Resources, Inclusionary Housing / Density Bonus Program, Campbell Library - Santa Clara County Library District, Santa Clara County Affordable Housing List, County of Santa Clara Enviromental Health, California State Seismic Safety Commission, California Housing and Community Development. There were 67.8% more homes for sale in February compared to the same time in 2022. However, this could change if the direction of inflation and mortgage rates changes in the months to come. The County of San Mateo Below Market Rate (BMR) Program has been created to provide homeownership opportunities to low-income persons living or working in San Mateo County. 2016 Economic Development Strategic Plan (EDSP), Waiver of Business License Tax (Non-Profits), City Code, Permits, Inspections & Licenses, McClellan Road Separated Bike Lanes Project, Community Development Block Grant Program, Rise Housing / City of Cupertino Virtual 2023 BMR Workshop (9/19/22), 2022 Housing & Community Development (HCD) Maximum Income Limits, 2022 U.S. Dept of Housing & Urban Development (HUD) Maximum Income Limits, section 50053 of the California Health and Safety Code, utility allowance calculated by the Santa Clara Housing Authority, The Veranda- Affordable Senior Housing Development. The program requires that all interested parties complete and submit an application when a BMR is available. The BMR Program uses maximumincome limits, adjusted for household size, published by Housingand Community Development (HCD) annually for Santa Clara County. Below Market Price Housing Program Contact: HouseKeys. All rights reserved. Loan Types not allowed: Stated income, ARM (adjustable rate mortgage), reverse mortgage, interest-only, negative amortizing, and balloon payments. Homebuyer / Homeowner Assistance Programs See our Loans and Grants page for information on loans, grants, and mortgage tax credits. Prospective buyers who live or work in Sunnyvale may receive email notification whenever new below-market rate homes are available for sale by signing up on the citys new below-market rate interest list. Copyright 2023 KGO-TV. Austin (+21.2 percentage points), Phoenix (+19.2 percentage points) and Las Vegas (+15.1 percentage points) had the largest increases in the percentage of homes with price reductions compared to last year. below market rate housing sunnyvale. Alta Housing (AH), a local non-profit affordable housing organization,assists in administering the BMR application process and waitlist for the City. This program is for lower-income residents (households at 80% of Area Median Income). REDFIN IS COMMITTED TO AND ABIDES BY THE FAIR HOUSING ACT AND EQUAL OPPORTUNITY ACT. This includes persons in job training programs with a Santa Monica employeror who previously worked in Santa Monica and now receive retirement benefits, workers compensation, unemployment benefits, disability benefits, or vocational rehabilitation benefits from the City of Santa Monica. MOHCD manages 3 types ofBMR Ownership Programs: Interested buyers apply separately for each listing. Click here to sign up to be notified when the tenant selection process begins. Copyright 2023 County of San Mateo. To verify enrollment eligibility for a property, contact the school directly. The City has discretion on whether an applicant remains on the waitlist. City staff is available weekdays 8 - 5 . All inquiries should be made directly to HouseKeys. View photos, get pricing and see if you qualify for public housing and section 8. The winners will then have to go apply for a loan, which is another thing entirely. low income housing sunnyvale. Kiku Crossing will provide 225 affordable homes for families and individuals in San Mateo, including 57 units for public employees. The greatest price declines were seen in Austin (-8.0% year-over-year), New Orleans (-7.0%), and Pittsburgh (-6.9%). The total number of unsold homes, including homes that are under . What is the BMR Housing Purchase Program? However, new listings remain 27.0% below pre-pandemic 2017 to 2019 levels. This is more than the national average. BMR homes are typically condominium units in mixed income buildings, with monthlyHomeowner's Association (HOA)dues. Households that meet the conditions listed below can apply for the BMH waitlist and will be contacted when apartments have vacancies that fit their income and household composition needs. Plus, 20 of the new townhomes will be priced below market rates, according to Landsea. This list is subject to change. Its median household income is about $47,636, according to census data. They are also resold at below market rate prices to future eligible buyers. Provide comments on the draft program overview by: Email: jcarloni@sunnyvale.ca.gov Mail: City of Sunnyvale Housing Division, P.O. Once it loses its BMR status, it basically means the price will double for whoever the buyer is going to be. All applicants must include Pre-Approval Letter from a lender, All applicants must either live and/or work in San Mateo County. To check your status for the BMH program, please log into your account (there should be a link in your email confirmation; it's the same website where you applied) and go to Step 3 to check your status on the waitlist. School service boundaries are intended to be used as reference only. Los Angeles and Las Vegas See Slowest Pace of Home Sales Compared to Pre-Pandemic Period. You must live or work in Sunnyvale, be a first-time buyer and meet income requirements. We believe governments, non-profits, and advocates must work together to keep our . The most current below-market rate property for sale is a one-bedroom, one-bathroom condo off of Evelyn Avenue, near downtown. Homes in Livermore receive 7 offers on average and sell in around 7 days. Construction starts in January 2022 and is expected to complete in spring 2024. *Effective May 13,2022. stories located in the area including and bounded by South San Francisco to the north and Sunnyvale to the south (the "Comparable Buildings"), based upon binding lease transactions for tenants in Comparable Buildings ("Comparable Leases . Cat Friendly Fitness Center Pool Grill Package Service Courtyard Hardwood Floors Laundry Facilities. Out of the 50 largest metros, 47 saw an increase in time on market compared to the previous year. Price growth remains positive but continues to decline as sellers adjust expectations. Interested in learning more about the City of Mountain View's Below Market Rate (BMR) Program? Jenny Carloni, City of Sunnyvale's Housing Officer leads the dynamic Sunnyvale Housing Division with a goal of creating and preserving affordable housing, creating below market rate home ownership opportunities, offering home rehabilitation programs, and supporting partners who provide resources to the community's lower income residents . The brand-spanking new, four-bedroom detached home at 1288 Pumpkin Terrace is one of four that will be sold at less than half the going market rate. Visit the Planning Forms & Fees webpage for more information. Office: 1-877-460-KEYS (5397) | Fax: 408-684 . Inventory increased in 49 out of 50 of the largest metros compared to last year. An estimated 53 of the 479 homes will be offered at below-market rates. The Below Market Rate Housing Program is governed by Chapter 16.96 of the Municipal Code. City of Sunnyvale Housing Division 456 West Olive Ave Sunnyvale, CA 94086 (408) 730-7250 Apply to buy a below market rate home, for low- to middle-income San Franciscans. Karthik Punukoolu has been looking for a four-bedroom for eight months. According to Goldman Sachs, 99% of borrowers have a mortgage rate lower than 6% or the current market rate, and around 28% of those have rates below 3%. Main menu. Virginia Beach-Norfolk-Newport News, Va.-N.C. Washington-Arlington-Alexandria, DC-Va.-Md.-W. Va. : With the release of its February 2023 Housing Report, Realtor.com. The median sale price slipped from March to $2,932,500, up 1.1% from 2021. To learn more about the City of Sunnyvale's Below Market Rate program visit our web page at BMR.inSunnyvale.com anytime or call (408) 730-7250 to talk to our Housing staff during regular business hours. There are 344 low income housing apartment communities offering 26,197 affordable apartments for rent in Alameda County, California. Moreover, the drop in the share of price reductions from January to February appears to be larger than typical seasonal movements. The net share of survey respondents saying now is a good time to sell increased by 11 percentage points compared to the previous month but declined by 27 percentage points compared to the prior year. BMR rental units are made available to very-low and low-income households. The entire downpayment and closing costs can come from gift funds. Our programs include Housing Choice Vouchers, Project-Based Vouchers, specialized housing assistance, Family Self-Sufficiency, affordable real-estate . The child or spouse must fulfillBMR eligibility criteria. Title: BMR Income Limits Author: City of Sunnyvale Created Date: 6/28/2022 12:03:12 PM . Welcome to the Housing Division. A specific development project's BMR requirements are confirmed during the review of a Planning Application for new residential development. Below Market Rate (BMR) Program Participating Realtor List City of Sunnyvale - Housing Division 456 W. Olive Avenue Sunnyvale, CA 94088-3707 Phone: 408 730-7250 Email: housing@sunnyvale.ca.gov Website: sunnyvale.ca.gov. In order to qualify, the buyer. Learn if real estate investing in Sunnyvale is worth pursuing. If you want to know more about Sunnyvale's home lottery, click on the link above. Los Angeles County Consumer & Business Affairs Center for Financial Empowerment offers resources for consumers interested in credit counseling and other financial empowerment strategies - click here to visit their website. . Anyone who meets the income criteria and qualifies for financing may purchase a BMR home, however, priority will be given to: Please see attached requirements before applying. The sale to list price ratio rose higher again, with homes selling on average at 121.8% (+0.2% from last month, +18.2% from a year ago) Days on market were at 9 in April, down from 14 in March and down from 10 a year ago. . To be eligible for the BMH waitlist, applicants' total household income, before taxes, must not exceed the amounts listed below (effective May 1, 2022): The waitlist is open to everyone who meets the income requirements, and priority is given to households that live or work in Santa Monica. REDFIN and all REDFIN variants, TITLE FORWARD, WALK SCORE, and the R logos, are trademarks of Redfin Corporation, registered or pending in the USPTO. List Price $1,350,000 Sale to List 13% over list Days on Market SOLD MAY 24, 2022 $2,352,000 203 Waverly St SUNNYVALE, CA 94086 3 Beds 2 Baths 1,404 Sq. . Please see the attached Program Description document. The income limits are used to determine eligibility for the City of Dublin's Below Market Rate (BMR) rental housing and ownership program. Selling activity continued to decline, with fewer newly listed homes compared to last year, despite an uptick in seller sentiment seen in January. Buying, owning, and selling an Affordable Below Market Purchase (BMP) Ownership Unit differs in many ways from buying, owning, and selling a market rate. PLEASE NOTE: INQUIRIES ABOUT THESE HOMES DURING THE WEEKENDS ARE NOT MONITORED BY CITY STAFF. BMR purchase units are made available to median- and moderate-income households. Phone: 1-877-460-5397. Selling activity continued to decline, with fewer newly listed homes compared to last year, despite an uptick in seller sentiment seen in January. San Francisco, CA 94103 | Tel: (415) 701-5500 | Fax: (415) 701-5501 | TDD (415) 701-5503 Based on building permits issued in Silicon Valley in 2021, the estimated number of new homes is expected to be more than double that of 2020. Mailing Address: 409 Tennant Station #495 | Morgan Hill, CA 95037. City of Sunnyvale - Housing Division 456 W. Olive Avenue Sunnyvale, CA 94088-3707 .