What's Below Market Rate (BMR)income limit in San Francisco?
MLS SFAR Reports (513)
Junior One BD Below Market Rate subject to income verification by the Mayor’s Office of Housing. This unit is to be sold to a household not earning more than: One Person – $95,775. Two Persons – $109,425. Three Persons – 123,150. Buyer’s must be 1st time homebuyers or have lived in their current home for over 3 years. Deadline for submission is Feb. 15 at 4pm. Lottery will be held on Feb. 16.
Therefore, prices will never drop below $600,000.
If you don’t make more than $95,775 – San Francisco doesn’t need you.
In fact, the Bay Area doesn’t need you.
We only need people like Shannon Hermes – a millionaire receptionist.
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