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RECORDING REQUESTED BY AND WHEN RECORDED MAIL TO: City of Sunnyvale Community Development Department Housing Division P.O. Box 3707 Sunnyvale, CA 940883707 Attn: Housing Officer No fee for recording
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How to fill out bmr housing developer agreement

01
To fill out the BMR housing developer agreement, follow these steps:
02
Begin by reading the entire agreement thoroughly to understand its terms and conditions.
03
Fill in the developer's name and contact information in the designated fields.
04
Provide information about the project, such as the property's address, size, and proposed use.
05
Specify the number and type of affordable units to be created as part of the project.
06
Include details regarding the income limits for eligible individuals or families to qualify for the affordable units.
07
Outline the timeline and milestones for the development, including estimated completion dates.
08
Include any additional terms, provisions, or requirements as specified by the local housing authority.
09
Review the agreement thoroughly, ensuring all information is accurate and complete.
10
Sign and date the agreement, and have it witnessed or notarized, if necessary.
11
Keep a copy of the signed agreement for your records.

Who needs bmr housing developer agreement?

01
Developers, builders, or organizations involved in the construction or development of affordable housing projects need a BMR housing developer agreement.
02
Local housing authorities or government agencies responsible for managing and overseeing affordable housing programs may also require developers to enter into this agreement.
03
Additionally, individuals or families who are interested in applying for affordable housing units may indirectly benefit from the existence of BMR housing developer agreements, as they help ensure the availability and affordability of such housing options.
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A BMR (Below Market Rate) housing developer agreement is a contract between a housing developer and a government agency or affordable housing organization that sets out the terms and conditions for the development of affordable housing units.
Housing developers who are required by law or regulation to include a certain percentage of affordable housing units in their developments are required to file a BMR housing developer agreement.
The BMR housing developer agreement can be filled out by providing all the required information, such as project details, affordable housing unit specifications, terms of the agreement, and signatures of both parties.
The purpose of the BMR housing developer agreement is to ensure that affordable housing units are included in new developments to help address the need for affordable housing in the community.
The BMR housing developer agreement must include details about the project, number of affordable units, income eligibility criteria, rental or sale prices, compliance measures, and other relevant information.
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