The goal of the City of San Mateo is to create and retain a variety of housing opportunities in the community. The Below Market Rate (BMR) Inclusionary program requires developers of new housing to provide a certain percentage of the units within the project to be affordable to very low, low or moderate income residents.
For developments consisting of 11 or more units:
- 15% of ownership units will be affordable to moderate income families, or
- 10% of ownership units will be affordable to low income families.
- 15% of rental units will be affordable to low income families, or
- 10% of rental units will be affordable to very low income families
A fractional fee will be charged for projects consisting of 5-10 units.
For further details, click on the BMR guidelines below.
Maximum Pricing and In Lieu Fees