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Part 3: BMR Homeownership Program Application INTENT TO ABIDE BY THE CITY OF GILROY BMR PROGRAM POLICIES AND PROCEDURES & RESALE AGREEMENT This form must be signed by all adult applicants and must
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To fill out part 3 BMR homeownership, follow these steps:
02
Start by reading the instructions provided on the form.
03
Fill in your personal details such as name, address, and contact information.
04
Provide information about your household, including the number of people living with you.
05
Answer all the questions related to your income, assets, and expenses.
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Who needs part 3 bmr homeownership?

01
Part 3 BMR homeownership is needed by individuals or households who are applying for the BMR (Below Market Rate) homeownership program. This program is designed to assist low to moderate-income individuals or families in purchasing affordable housing. Eligibility requirements may vary depending on the specific program and location.
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Part 3 BMR homeownership is a section of a form related to below-market-rate (BMR) housing programs for homeownership.
Individuals who have purchased a home through a below-market-rate (BMR) program are required to file part 3 BMR homeownership.
Part 3 BMR homeownership can be filled out by providing information about the BMR program, the property purchased, and any applicable agreements.
The purpose of part 3 BMR homeownership is to ensure compliance with the terms of the BMR program and to track ownership of affordable housing units.
Information such as the purchase price, income eligibility, resale restrictions, and any changes in ownership must be reported on part 3 BMR homeownership.
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