City of Belmont
Home MenuBelow Market Rate Housing
What is Below Market Rate Housing?
A Below-Market-Rate (BMR) home is a home that is priced to be affordable to households that are below median income. Units include both rental and ownership properties. BMR owners must occupy the home as their primary residence and cannot rent the home.
The County of San Mateo maintains an interest list for households seeking affordable housing units throughout the county, including within in the City of Belmont. New affordable housing opportunities are posted as they become available.
San Mateo County Housing Opportunities