For-Sale Affordable Housing
For-Sale Below Market Rate (BMR) housing is priced to be affordable to households that are low- to moderate-income. The price for a for-sale BMR housing unit is typically lower than the prices of similar homes that are being sold or rented on the open market. Owners of a BMR housing unit must occupy the home as their primary residence and comply with restrictions on the unit designed to ensure the unit remains affordable to future buyers.
In 2018, the City adopted an Inclusionary Housing Ordinance is to increase affordable housing opportunities for those looking to rent and those looking to own a home in South San Francisco. The Ordinance also aims to ensure that homes remain affordable over time. To learn more, see SSFMC Chapter 20.380: Inclusionary Housing Regulations.
Interested in Buying a BMR Unit?
Households interested in buying a for-sale BMR unit must complete a HUD-approved 8-hour first-time homebuyer education course. The date on the completion certificate for the class must be within six months of the date of application for a BMR unit. The following agencies offer HUD-approved courses. Other agencies may qualify if they meet the HUD-approved 8-hour homebuyer education course requirements.
Households interested in buying a for-sale BMR unit are encouraged to engage a local, licensed real estate agent to represent them through the process.
Current Listings
2230 Gellert Boulevard, Unit 3105
Vibrant and stylish 3BD/2BA Condo in South San Francisco. With 1290sqft of space plus balcony, this residence offers a perfect blend of comfort and modern living. Stepping inside, you'll be greeted by a spacious layout that combines functionality and charm. The primary bedroom provides a serene retreat, complete with an en-suite bathroom. Well appointed kitchen with granite countertops and modern stainless-steel appliances, all seamlessly connected to the spacious living and dining area. Condo amenities include a fitness center, clubhouse lounge, a toddler playground and BART Shuttle Service. Safeway and Westborough Square are just across the street, with cafes, restaurants and shopping. This is an affordable below market rate (BMR) unit through the City of South San Francisco's Affordable Home Buyer Program and is subject to income restrictions, resale controls, monitoring, & other restrictions apply. Maximum household incomes cannot exceed 100% of the San Mateo County Area Median Income. Maximum income for 3 person = $167,950; 4 = $186,600; 5 = $201,550; 6= $216,450; 7=$231,400. Prospective BMR buyers shall submit a complete pre-screen application to start the eligibility process. Incomplete applications will not be reviewed. APPLICATION DEADLINE: July 23, 2024 by 12pm.
Visit the link for agent listing: 2230 Gellert Boulevard, Unit 3105, South San Francisco, CA 94080 | Compass
Existing BMR Homeowners
The City's Procedures and Guidelines for Inclusionary Housing Packet(PDF, 1016KB) provides information for existing BMR homeowners on a range of topics, including:
Improving Your BMR Home
Thinking about making improvements to your home? Do you want to add the cost of the improvements to the future resale price of your home? In accordance with your Resale Restriction Agreement, the City will approve improvements that improve the health and safety conditions of your home. Find out more about receiving such approval before any work is done.
Refinancing Your BMR Home
You may refinance your BMR home to take advantage of lower interest rates and other improved loan terms. However, refinances are subject to certain requirements and restrictions. Find out more about refinancing your BMR home(PDF, 140KB).
Selling Your BMR Home
Considering selling your BMR home? Find out more about how to put your home on the market.