Interested in learning more about the City of Mountain View's Below Market Rate (BMR) Program?

Join us for an informational call which will review information about the Below Market Rate program in the City of Mountain View. The City of Mountain View works with a third party administrator, HouseKeys, for the BMR program. 

BMR Ownership

• Currently, there are no BMR Ownership units for sale.
• BMR Ownership Units will be available in the future.
• View recorded BMR Ownership Webinar here to prepare for when opportunities become available in the future.

BMR Rental

• Date: Thursday, August 1, 2024
• Time: 6:00 p.m.
• View current BMR Rental Opportunities
• Interpretation available in Spanish and Mandarin

You may also view a recorded BMR Rental Informational Call here.

BMR Program

The Below-Market-Rate (BMR) Housing Program helps address the high cost of housing in Mountain View by increasing the diversity and supply of affordable housing through the provision of mixed-income residential developments that integrate both market-rate and affordable units. The basic objective of the BMR Program is the provision of on-site affordable rental or ownership units within a new housing development.

• The BMR Administrative Guidelines provide information and guidance in applying the City's inclusionary affordable housing requirements to a new residential development.
• Mountain View City Code

A specific development project's BMR requirements are confirmed during the review of a Planning Application for new residential development. Visit the Planning Forms & Fees page for more information.

Nonresidential Housing Impact Fee

In addition to BMR requirements for residential development, the City collects a housing impact fee for all new nonresidential development (net new square feet) in the City to provide funding for affordable housing development in the City.

• Mountain View City Code: Housing Impact Fee
• Current adopted fee is located in the City's Master Fee Schedule and on the Planning's Development Fee Schedule.

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