PAHC - Below Market Rate Programs

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a stronger, more diverse community.

Below Market Rate Programs

Below Market Rate Purchase Program

PAHC Housing Services, LLC administers the City of Palo Alto’s Below Market Rate (BMR) Housing Purchase Program, a program that provides homes in Palo Alto for low- and moderate-income buyers. BMR properties, which are principally condominium apartments and townhouses, are sold at prices that are significantly below the prevailing market rate. BMR units are located in market-rate condominium projects all across the City of Palo Alto. BMR purchasers are selected from a Waiting List maintained by the PAHC Housing Services, LLC and must meet special income and other eligibility requirements. BMR units must be owner-occupied and are subject to special restrictions on rental and resale.

Below Market Rate Rental Program

PAHC Housing Services, LLC administers the City of Palo Alto’s Below Market Rate (BMR) Housing Rental Program, a program that provides rental apartments in Palo Alto for low and moderate-income households. BMR rental units are leased at rates below prevailing market rents and rent increases are subject to certain limitations. BMR renters are selected from a Waiting List and must meet special income and other eligibility requirements.

| Program Information | Income Limits |

Below Market Rate Property Owner Information

PAHC Housing Services, LLC serves as a resource for BMR homeowners by providing information on a variety of matters including the rights and responsibilities of BMR homeowners, valuation of BMR units, mortgage refinancing, and how to maximize and protect one's investments in a BMR home.

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