Below Market Rate (BMR) Resale Pricing Adjustment Request Form

BMR unit is eligible for a pricing adjustment if the Owner purchased the unit at a price that is higher than the Affordable Price at the time of resale. The Affordable Price will be determined by the Mayor’s Office of Housing and Community Development (MOHCD) based on the Notice of Special Restrictions or other document establishing affordability requirements for the unit at the time MOHCD processes the resale request. To request this adjustment, a resale request for the unit must be submitted to MOHCD no later than December 14, 2027. Additionally, qualifying units must have been constructed pursuant to Planning Code Section 415.6 (On-Site Affordable Housing Alternative) or 415.7 (Off-Site Affordable Housing Alternative) to be eligible for administrative approval by the Planning Director, or their designee. The BMR unit must also comply with the marketing and resale procedures as outlined in the Procedures Manual. The proposed modifications are limited to the following:

• Adjustment of the Affordable Price by MOHCD up to the original purchase price paid by the current Owner. 
• Increase of the maximum pricing AMI for the unit to reflect the adjusted Affordable Price, up to a maximum of 130% AMI. 
• Increase of the maximum qualifying AMI for the unit by up to 20% above the maximum pricing AMI, up to a maximum of 150% AMI. 

Submit a completed copy of this BMR Resale Pricing Adjustment Request Form and the required supplemental documents listed in the request form to CPC.Intake@sfgov.org.