Below Market Rate (BMR) Housing Units
The Below Market Rate (BMR) Housing Program is intended to increase the supply of affordable housing for households that have very-low, low, and moderate-incomes. BMR units are sold at an affordable price to provide opportunities for qualifying households as well as first time homebuyers to own quality homes in Pinole.
Annual Gross Household Income must fall within the following limits in order to qualify for BMR housing:
| Maximum Annual Gross Household Income in 2009 | ||||||
| # Family Members | 1 | 2 | 3 | 4 | 5 | 6 |
| Very Low Income | $31,250 | $35,700 | $40,200 | $44,650 | $48,200 | $51,800 |
| Low Income | $46,350 | $53,000 | $59,600 | $66,250 | $71,550 | $76,850 |
| Moderate Income | $75,000 | $85,700 | $96,450 | $107,150 | $115,700 | $124,300 |
New Affordable Housing Under Construction on Buena Vista
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The project, referred to as the “Heritage Park Cottages”, includes three new custom homes, each with quaint design elements and Old Town Pinole/victorian character, distinctive floor plans and lot sizes ranging from 3,440 to 3,810:
- 3 BR/2 BA home: 1,237 SF
- 2 BR/2 BA home: 1,017 SF
- 2 BR/1 BA home: 1,156 SF
Construction began in early December and is anticipated to be
complete in Summer 2010. Marketing is anticipated to begin in
late Spring/early Summer. The homes will be sold as workforce
housing to households that are moderate- or lower income (refer
to the “Maximum Annual Gross Household Income in 2009”
chart above, which will be updated in Spring 2010). The exact
pricing levels will be considered by the Economic Development
and Housing Advisory Committee (EDHAC) and decided by the Agency
Board in Spring/Summer 2010.
The Heritage Park lot is currently undeveloped, except for the Faria House, which sits on the San Pablo Avenue parcel frontage. The three new homes will front on Buena Vista, and a public trail and orchard will connect San Pablo Avenue and Buena Vista.
When the pricing is determined and realtor is selected, this webpage will be updated. If you would like to be added to the list of interested realtors/buyers, email fkuykendall@ci.pinole.ca.us and ask to be added to the list. To reach the General Contractor, call Pacific Mountain Contractors at (925) 603-2652.
Check back for more information and/or read the City Manager’s
weekly reports for updates at http://www.ci.pinole.ca.us/admin/welcome.html.
Previous BMR Units
In 2009, the Agency sold two single-family homes in the
"On Maiden Lane" subdivision to qualified moderate-income
households. "
Through the Below Market Rate Housing Program, these homes were offered at an affordable price to provide opportunities for moderate-income families as well as first-time homebuyers to own quality homes in Pinole.
Related Programs:
First Time Homebuyer Program
Households interested in the BMR homes may qualify for the Pinole
Redevelopment Agency's First Time Home Buyer Program. Click
here to learn more.