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Exhibit J City of Morgan Hill Below Market Rate Preference Criteria Form (Buyers) The City has established a preference system for allocating the limited number of affordable homeownership units.
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Go to the website www.morgan-hill.ca.gov/documentcenter/view/below-market-rate-bmr.
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Scroll down to find the BMR application form.
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Download the form and open it using a PDF reader on your device.
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The below market rate (BMR) program in Morgan Hill is designed to provide affordable housing options to eligible residents by offering units at below-market prices.
Landowners or developers who participate in the BMR program and have below-market rate units available for leasing or sale are required to file.
To fill out the BMR filing, applicants need to complete the required forms which include information about the property, income levels of tenants, and proof of compliance with BMR regulations.
The purpose of the BMR filing is to ensure compliance with local housing affordability guidelines and to promote the availability of affordable housing units in the community.
The report must include tenant income levels, occupancy information, unit pricing, and any other details required by the city's BMR program.
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