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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.
Click here to download a copy of the sales flyer.
Annual Gross Household Income must fall within the following limits in order to qualify for BMR housing:
| Maximum Annual Gross Household Income in 2010 | ||||||
| # Family Members | 1 | 2 | 3 | 4 | 5 | 6 |
| Very Low Income | $31,650 | $36,150 | $40,650 | $45,150 | $48,800 | $52,400 |
| Low Income | $45,100 | $51,550 | $58,000 | $64,400 | $69,600 | $74,750 |
| Moderate Income | $75,850 | $86,700 | $97,500 | $108,350 | $117,000 | $125,700 |
New Affordable Housing Under Construction on Buena Vista
The “Heritage Park Cottages”
are three new custom homes, each with quaint design elements and
Old Town Pinole/victorian character and distinctive floor plans.
Before construction began, the Heritage Park lot was 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.
The market price for the homes ranges from $300,000 to $340,000;
however, the homes will be sold as workforce housing--the prices
will be reduced to be affordable to households in the very low,
low, and moderate income categories (See the "Maximum Annual
Gross Household Income in 2010" chart).
Pricing will be
Affordable to a Household in the Following Income Category |
Address/Details |
Price |
| Moderate Income | 2071 Buena Vista 2 BR / 2 BA 1,156 SF home / 3,810 SF lot |
$271,900 |
| Low Income | 2061 Buena Vista 3 BR / 2 BA 1,237 SF home / 3,600 SF lot |
$208,600 |
| Very Low Income | 2051 Buena Vista 2 BR / 2 BA 1,017 SF home / 3,440 SF lot |
$117,200 |
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Construction began in December 2009 and is anticipated to be complete in Fall 2010.
First time homebuyer education is a pre-purchase requirement and free classes are available. A class will be held in Pinole in late August, and additional classes are available in Richmond. Call LaToya Carr, CHDC, to register (510) 412-9290 ext. 26.
If you are an interested realtor or buyer, get started with
your homebuyer education and also email or call LaToya Carr at
lcarr@chdcnr.com or (510)412-9290 ext. 26 to begin the pre-approval
process. You are also invited to attend a meeting to learn more
about the homes on Wednesday, September 8, at 7 pm at City Hall.
To reach the General Contractor, call Pacific Mountain Contractors at (925) 603-2652.
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.