below market rate housing sunnyvale below market rate housing sunnyvale

A. Alta Housing (AH), a local non-profit affordable housing organization,assists in administering the BMR application process and waitlist for the City. BMR homes are not subsidized by the City, but prices are restricted by the City. Analyze our statistical data showing the local real estate investment market trends. The City contracts with Rise Housing to screen and place qualified households in City BMR units. below market rate (BMR) program information call, BMR Program Information Call Registration. Income Limits will be updated each year by HCD. 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. However, the maximum household size must adhere to maximum occupancy requirements of the San Francisco Building Code. While the number of homes for sale is increasing, it is still 47.4% lower than it was before the pandemic in 2017 to 2019, nationwide. Total gross annual income from all sources earned in the last tax year. City staff is available weekdays 8 - 5 p.m. to answer questions and accept applications. 456 W. Olive Aveue (408) 730-7250. However, future data releases, including historical data, will consistently apply the new methodology. Note: With the release of its February 2023 Housing Report, Realtor.com incorporated a new and improved methodology for capturing and reporting housing inventory trends and metrics. California Department of Housing and Community Development (HCD). This share of price reductions, while much higher than last year, dipped below 2017 to 2019 pre-pandemic levels after reaching this threshold in January. ft. Mountain View* (2015) Office/High Tech/Industrial: Up to . ABAG tracked thirty housing policy and program types that represent the most prevalent and important strategies for fostering development of both market rate and affordable housing units. REDFIN IS COMMITTED TO AND ABIDES BY THE FAIR HOUSING ACT AND EQUAL OPPORTUNITY ACT. low income housing sunnyvale. Sunnyvale Housing Market Homes for Sale | City guide The Sunnyvale housing market is very competitive. The Cupertino BMR Rental Program is designed to assist very-low and low-income households. ABAG Staff compiled a summary of policies adopted by each jurisdiction based on the jurisdiction's certified 2007-2014 housing element, and sent the summary . So, probably $600,000 or something," said Punukoolu. Rents are adjusted downwards to allow for a utility allowance calculated by the Santa Clara Housing Authority annually. 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.com or call (408) 730-7250. . This is a higher rate of decline than last months 10.4% decrease but its still an improvement from the declines seen in November and December. 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. To qualify to purchase a BMR home, the buyer must meet the following income requirement. Provide comments on the draft program overview by: Email: jcarloni@sunnyvale.ca.gov Mail: City of Sunnyvale Housing Division, P.O. 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. If a household contributes 20% or more of thepurchase price towards the downpayment, the greater of the following amounts will be excluded from the asset test calculations: 20% of purchase price. The Livermore housing market is most competitive. Below Market Rate (BMR) Housing Program Agenda Introduction BMR Program - Background BMR Purchase Program Process BMR Rental Program Process BMR Inventory Open Discussion / Questions Introduction. 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 . Moreover, the drop in the share of price reductions from January to February appears to be larger than typical seasonal movements. . Main menu. The income limits are used to determine eligibility for the City of Dublin's Below Market Rate (BMR) rental housing and ownership program. Below Market Rate Housing The Below Market Rate (BMR) Housing Purchase Program is a part of the Palo Alto Comprehensive Plan. 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. 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. *Effective May 13,2022. The owner's program documents may have exceptions to these restrictions. Current BMR owners If you would like more information on how to refinance your first mortgage, please contact HouseKeys staff. Selling activity continued to decline, with fewer newly listed homes compared to last year, despite an uptick in seller sentiment seen in January. The listed price is $200,270. 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. A rehabilitation of the community included new plumbing, kitchen and bathroom renovations, new windows, outdoor siding, and a re-landscaping of the community's . Next up is Mountain View, where apartments go for $3,127/month, followed by Palo Alto with $3,468 If you're looking to rent in Sunnyvale's most popular neighborhoods, make sure to also check out Santa Clara . Kiku Crossing will provide 225 affordable homes for families and individuals in San Mateo, including 57 units for public employees. Explore recent offers and recently sold homes in, 602 San Conrado Ter #2, Sunnyvale, CA 94085, 1117 Reed Ave Unit B, Sunnyvale, CA 94086. An estimated 53 of the 479 homes will be offered at below-market rates. 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. About Us. The national median list price grew to $415,000 in February, up from $406,000 in January. BMR purchase units are made available to median- and moderate-income households. They are also resold at below market rate prices to future eligible buyers. This list is courtesy of the City of Sunnyvale Housing Division. SB 35 makes a distinction between affordable housing and market-rate development. The most current below-market rate property for sale is a one-bedroom, one-bathroom condo off of Evelyn Avenue, near downtown. An area is at especially high risk when water stress is above 40%. In February, no regions saw an increase in selling activity. 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. 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 . All inquiries should be made directly to HouseKeys. Meanwhile, Cincinnati and Buffalo saw no change compared to last year. Time on market continued to grow compared to last year but remained lower than pre-pandemic levels in all regions except for western markets. There were 33 homes sold in January this year, down from 59 last year. effective July 1, 2022. . 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. Based on Redfin calculations of home data from MLS and/or public records. The greatest price declines were seen in Austin (-8.0% year-over-year), New Orleans (-7.0%), and Pittsburgh (-6.9%). See our Foreclosure Assistance page for more information on mortgage delinquency counseling. A few larger metros also saw inventory increase above pre-pandemic levels. Price growth remains positive but continues to decline as sellers adjust expectations. Community Development Block Grant (CDBG) Mobile Home Park. Qualifying households would have incomes ranging from about $55,000 a year to $130,000 per year. 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. Each eligibility form will be separated into a subgroup based on priority points. Title: BMR Income Limits Author: City of Sunnyvale Created Date: 6/28/2022 12:03:12 PM . The 193-unit Prism, located at 1028 Market St., offers studio, one-, two- and three-bedroom apartments, ranging from 341 square feet to 1,125 square feet, with 26 units renting at below market rates. Mountain View City Code: Housing Impact Fee Current adopted fee is located in the the City's Master Fee Schedule and on the Planning's Development Fee Schedule. 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. Monday through Friday, between 9:00 a.m. and 4:00 p.m. The typical home spent 67 days on the market this February which is 23 days longer than the same time last year. There are some signals that price growth could be stabilizing as the market saw fewer price reductions as a share of total home inventory. 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. The number of homes for sale in the 50 largest metro areas in the U.S. has increased by 86.0% compared to last year. The Bay Area has a deep supply-demand imbalance for housing, despite some exodus out . For more information visit Sunnyvale.ca.gov, or email Housing staff at housing@sunnyvale.ca.gov. We also offer an Affordable Rental Units (ARUs) program. 1-2 Beds. When autocomplete results are available use up and down arrows to review and enter to select, or type the value, Inclusionary Housing Program underPlanning Code Section 415, Below Market Rate homebuyer program listings, Mayor's Office of Housing and Community Development. "Even if you think home ownership may be beyond your dream take a look because it could happen," said Sunnyvale spokesman John Pilger. Cat Friendly Fitness Center Pool Grill Package Service Courtyard Hardwood Floors Laundry Facilities. 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. 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. Our programs include Housing Choice Vouchers, Project-Based Vouchers, specialized housing assistance, Family Self-Sufficiency, affordable real-estate . All applicants must include Pre-Approval Letter from a lender, All applicants must either live and/or work in San Mateo County. To view a list of affordable developments in Cupertino as of April, 2021, please click here. Prices in Milwaukee (+48.8%), Memphis (+42.7%), and Virginia Beach (+16.3%) saw the biggest increases among large metros. "Usually we just open up an interest list. Ft. 959 La Mesa Ter Unit E SUNNYVALE, CA 94086 2 Beds 2.5 Baths 2,038 Sq. 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 . Documentationverifying your income and employment or residence in Santa Monica. for FAQs, Cupertino BMR Rental, and BMR Homeownership information. The Sunnyvale housing market is very competitive. Do not sell or share my personal information. Cupertino, CA 95014-3202, 2023 City of Cupertino. 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. 620 Iris Ave, Sunnyvale, CA 94086. A guide to below-market-rate housing; SF must build taller and expand into western neighborhoods, says . The Redfin Compete Score rates how competitive an area is on a scale of 0 to 100, where 100 is the most competitive. Milpitas Housing Element. Phone: 408-730-7250 TDD/TYY: 408-730-7501 Fax: 408-737-4906 . 21 elementary schools. Office: 1-877-460-KEYS (5397) | Fax: 408-684 . ft. condo is a 2 bed, 2.0 bath unit. Below Market Rate # 5726Q4, Scotts Valley, CA 95066 is currently not for sale. Homes are spending 67 days on the market, which is 23 days longer than last year but still shorter than before the pandemic. The Southern region has seen the most growth in the number of homes for sale, with a 141.4% increase compared to last February. . The City has discretion on whether an applicant remains on the waitlist. View 10 housing authorities and agencies in Sunnyvale, CA. Housing Discrimination: (888) 324-7468. Check out Bay Area safety tracker, Tracking the drought: Map shows conditions across SF Bay Area, Bay Area Life; Sundays at 6:30 p.m. on ABC7. Housing Counseling: (408) 470-3730. Renters. How much is your home worth? 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. The total number of unsold homes, including homes that are under . There are 344 low income housing apartment communities offering 26,197 affordable apartments for rent in Alameda County, California. Homes in Sunnyvale receive 6 offers on average and sell in around 19 days. San Mateo County Income limits for 2022 (80 percent Area Median Income): Applicants household composition must not exceed state limits: 3 persons for 2-bedroom unit, 4 persons for 3-bedroom unit. 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 . There are some signals that price growth could be stabilizing as the market saw fewer price reductions as a share of total home inventory. Welcome to the Housing Division. There's one three-bedroom for. In fact, other data on pending home sales point to a similar potential stabilization. West Valley Community Services Center: wvcommunityservices.org Areas served: 95014, 95015, 95129, 95130 (Cupertino, parts of West San Jose and West Campbell) 10104 . BELOW MARKET RATE (BMR) RENTAL HOUSING . However, this could change if the direction of inflation and mortgage rates changes in the months to come. However, home inventory in the South is still 35.5% below pre-pandemic levels. 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. As a result of these changes, this release is not directly comparable with previous data releases and reports. READ REDFIN'S, Do not sell or share my personal information. When an owner of an affordable housing property has a vacancy, they request applicants from the BMH waitlist. Inventory increased in 49 out of 50 of the largest metros compared to last year. million Redfin.com users who searched for homes across more than 100 metro areas. Income Limits will be updated each year by HUD. At least 25% of the units built in an Urban Village should be deed-restricted affordable housing with 15% of the affordable units targeting households with income below 30% of Area Median Income (AMI). The basic objective of the BMR Program is the provision of on-site affordable rental or ownership units within a new housing development. Below Market Rate (BMR) Ownership Programs BMR Ownership Programs help first time homebuyers who are low, moderate, and middle-income. View more property details, sales history and Zestimate data on Zillow. However, inventory in this group of metro areas as a whole is still 40.9% below pre-pandemic levels. Credits and contributions from a third party are allowed for non-recurring closing costs and/or prepaids. The four four-bedrooms are $468,467. The Below Market Rate Housing Program is governed by Chapter 16.96 of the Municipal Code. Maximum Combined Loan to Value Ratio: 97%, Front-end or housing ratio: no lower than 28%, and no higher than 40%. Below Market Rate Housing Program See our BMR page for information on the City's Below Market Rate Housing Program. City staff is available weekdays 8 - 5 . 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. Learn about the walkability, bikeability, and transit-friendliness of. Thirty of the 228 new townhomes at the Fusion Development will be sold through the BMR program. 620 Iris Ave, Sunnyvale, CA 94086. ft. single-family home is a 3 bed, 2.0 bath property. This list is subject to change. The 1,106 sq. If a household contributes less than 20% of the purchase price towards the downpayment, only the first $60,000 will be excluded from the asset test calculations. In April there were just 16 single family homes sold in Cupertino according to the RE Report (see below). As a result of these changes, this release is not directly comparable with previous data releases and reports. The rents will be determined based on annual HCD published income limits and section 50053 of the California Health and Safety Code. . A Fair Market Appraisal report using only market rate units as comparable is required, The report must be no more than 90 days old at the time of submission of lender package to MOHCD. baseball font with tail generator. City staff is available weekdays 8 - 5 p.m. to answer questions and accept applications. survey. Buyer applicationsare selected througha lottery process. Well it could happen if you meet the eligibility criteria and are selected through a lottery. This program is for lower-income residents (households at 80% of Area Median Income). The number of homes for sale has increased by 67.8% compared to last year. 10300 Torre Avenue Metros which saw the most inventory growth include Austin (+335.1%), Raleigh (+329.8%), and Nashville (+299.7%). This is more than the national average. Our best interest is keeping it at the below-market rate, said Suzanne Ise, housing officer with the Sunnyvale Housing Division. These City of Sunnyvale below market-rate townhomes are available for a limited time only to moderate-income first-time homebuyers who live or work in Santa Clara County. Click here to view the2023 BMR Workshop PresentationSlides. Lavender would also offer 20 below-market-rate homes, four more than what SummerHill planned to offer. We believe governments, non-profits, and advocates must work together to keep our . Here are some quick stats: The average sale price was $3,026,120 in April, up 5.4% from a year ago. . Below Market Rate (BMR) Housing The County of San Mateo's Below Market Rate (BMR) Program fulfills several key affordable home ownership objectives: Increases purchase capacity for low to moderate-income, homebuyers that either live and/or work in the County of San Mateo; Compare Sunnyvale to other cities for the best investment opportunities. Buying, owning, and selling an Affordable Below Market Purchase (BMP) Ownership Unit differs in many ways from buying, owning, and selling a market rate. TREC:Info About Brokerage Services,Consumer Protection Notice. Refer to the BMR-DALP program manual for details. Overview. The BMR Program has been an important tool for providing rental and ownership opportunities for Sunnyvale's low- to moderate-income households. or incentivize developers to build below-market-rate homes (affordable homes) as part of the . Work in Santa Monica at least25 hours per week; Participate in an approved job training program in Santa Monica; Havelast worked at least 25 hours per week inSanta Monica and nowreceive unemployment, workers compensation, vocational rehabilitation benefits, disability benefits, or retirement benefits from the City of Santa Monica. Interested in learning more about the City of Mountain View's Below Market Rate (BMR) Program? housing specialist with the city of Sunnyvale. 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. The last time we did an interest list, in just a matter of days we had 1,500 sign up," said Pilger. Learn if real estate investing in Sunnyvale is worth pursuing. However, future data releases, including historical data, will consistently apply the new methodology. 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. Recently, we have recognized another needbelow-market-rate housingfor those who work/serve our community (teachers, nurses, grocery workers, public safety officers, etc. Applicant must be able to show mortgage readiness, including having a minimum of three (3) percent down-payment. If you want to know more about Sunnyvale's home lottery, click on the link above. Homes in Livermore receive 7 offers on average and sell in around 7 days. 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. The offered amount is frequently a price mirage. County of San MateosBelow Market Rate (BMR) Program. Please book in advance, by appointment only. The city will start taking applications July 18th. Click here to sign up to be notified when the tenant selection process begins. Policies & Disclaimer. City of Morgan Hill Below Market Rate (BMR) OWNERSHIP Program Participation Guide . Income (650) 334-1065. In fact, only Las Vegas (+9.4%), Austin (+2.6%) and San Antonio (+0.6%) saw higher levels of inventory in February compared to typical 2017 to 2019 levels. Below Market Rate (BMR) Ownership Page 0 of 20. The number of homes under contract (pending listings) declined by 24.7% compared to the same time last year. The most current below-market rate property for sale is a one-bedroom, one-bathroom condo off of Evelyn Avenue, near downtown. They are also resold at below market rate prices to future eligible buyers. 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. In order to qualify, the buyer. Homes sell in 19 days. Third priority by the date and time that the application is submitted. If you are applying for one of Community Corps studio apartments and meet the criteria, you will be contacted by a member of Community Corps leasing team. The percentage of homes with price reductions increased from 5.4% in February of last year to 13.0% this year. Fifteen predominantly western markets saw homes spend more time on the market than typical 2017 to 2019 timing. They are also resold at below market rate prices to future eligible buyers. 2 Beds. Eligibility Forms will be acceptedon the first business day of October annually andwill close on the last business day of October annually. A specific development project's BMR requirements are confirmed during the review of a Planning Application for new residential development. Raleigh (+14.8%), Dallas (+10.3%) and San Antonio (+10.2%) had the largest year-over-year growth in newly listed homes. 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. However, this could change if the direction of inflation and mortgage rates changes in the months to come. 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 $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 city expects a crush of interest in the houses, so this is the first lottery. Karthik Punukoolu has been looking for a four-bedroom for eight months. February 2023 Regional Statistics (50 Largest Metro Combined Average), February 2023 Regional Statistics vs Pre-Pandemic 2017-2019 (50 Largest Metro Combined Average), February 2023 Housing Overview by Top 50 Largest Metros. School service boundaries are intended to be used as reference only. He is close to buying at the Fusion Development and disappointed he won't qualify for the BMR program. 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. 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. The latest migration analysis is based on a sample of about two 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. Note: This is a goal, not a requirement to be imposed on individual projects. The Cupertino BMR Rental Program is designed to assist very-low and low-income households. Onizuka Crossing in Sunnyvale is an affordable housing project with 12 units . Rather than providing a rental subsidy, this program offers apartments in the private sector at a rent that is lower than market rate. Following the release of the State Income Limits, the City of Sunnyvale used the figures to establish maximum rents for Below-Market-Rate (BMR) and Affordable Rental Unit (ARU) programs in the city. 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. 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. See all Below Market Rate homebuyer program listings. Join our mailing list to receive the latest data and research. The City of Santa Monica's Below Market Housing (BMH) program offers housing opportunities for Santa Monica residents and workers for a range of family sizes and incomes. for information ontheCity's affordable housing program. incorporated a new and improved methodology for capturing and reporting housing inventory trends and metrics. To receive this priority, the head of household must: Please follow the steps in this guideto apply to the waitlist. The Midwest and Northeast regions have seen slower growth, with 36.0% and 20.3% increases over last February, respectively. Be aware that HOA dues can increase over time beyond the pace of inflation. While only one month does not make a trend, this could signal a cushion for price growth. The Cupertino BMR Rental Program is designed to assist very-low and low-income households. Anyone who wishes to be included on the waitlist must apply each year within this time frame, including those who were on the waitlist in previous years.