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Below-Market-Rate (BMR) Affordable Housing

Open Application Period

Waitlist Application period has been extended to Dec. 1, 2020.


Any applications received will be added to the end of the Waitlist on a first come, first serve basis. The Waitlist will be closed on Dec. 1, 2020 at 5:00PM, all applications must be received by this date.

 

Application Instructions


Applications must be submitted via email or mail. Due to COVID-19, in-person visits and application drop off will not be accepted.

Download Rental Application


Electronic Applications:

Applications may be downloaded from link above. Applications must be emailed to TheSkylyneBMR@Greystar.com 

Paper Applications:

Applications may be downloaded from link above. Alternatively, call (510) 747-5817 to request a paper application to be mailed to your residence. Return paper application via mail to: PO Box 3826 Oakland, CA 94609. A self-addressed stamped envelope must be included. Postmarks will not be considered.

Rent:

Households must meet the minimum income requirement of two times the monthly rent. Households are responsible for the following utilities: electric, cable/internet, and personal liability insurance.

Studio (8 units) at $1,786 monthly rent 

1 Bedroom (17 units) at $1,909 monthly rent 

2 Bedroom (20 units) at $2,292 monthly rent 

Disclaimer: Rents and income guidelines are subject to change per regulatory schedule and annual recertification. Units available through City of Oakland and are subject to monitoring and other restrictions.  

Income Limits:

Households must earn no more than 2020 City of Oakland Housing and Community Development Department at 80% Area Median Income (AMI) below: 

Household Size

1 Person

2 Persons

3 Persons

4 Persons

5 Persons

Maximum annual income

$73,100

$83,550

$94,000

$104,400

$112,800

 

 

Lottery Results and Next Steps

General Lottery Procedures:

Each applicant will be assigned a lottery ticket number. An electronic lottery will be conducted and all lottery ticket numbers will be randomly sorted and on June 30, 2020. Lottery results posted here. Households that apply after the lottery application deadline will be added to the end of the Waitlist on a first come, first serve basis. 

The first 20 applicants will be contacted to begin processing files. Households are processed in lottery rank and lottery preference order. Unit selection is based on ranking order. Once units are filled, the list will then be used as waiting list for any open units in the future. 

Post-Lottery Procedures:

Once the lottery results are in, the lottery applications will be processed in rank order starting with lottery preference and rank 1 – 20. A Post-Lottery Letter will be sent out to the applicants being processed and households are given one week (five business days) from the date on the letter to return the required paperwork to the property – see below. An appointment will then be setup to review the paperwork and gather all other needed documentation. Please note that this process generally takes between two and six weeks to be completed and all files are reviewed and approved/denied by compliance department to ensure full compliance with the affordable housing requirements of the project. If additional paperwork is needed from the applicant, they will be given two business days from the request date to provide the documentation to the property. Once the file is complete, either an approval or denial letter will be sent to the provided address. The lottery list will be worked in preference and rank order until all units have been filled. The remaining applicants will be transferred in current order to the waiting list for future vacancies. Both the lottery and waiting list are closed until the waiting list has been exhausted.

Required Documentation Due Post-Lottery:

After the lottery, the following documentation is due for each household member who is 18 years old or older. Required documentation including, but not limited to: 

 

Income

If you work and receive paystubs, submit:

▪       Copies of 3 months worth of consecutive paystubs, beginning with the most recent paystub.

▪       If hired recently, provide Employment Offer Letter.

If you are Self-Employed, you must:

▪       Complete a Self-Employed Declaration form

▪       Submit Year-to-Date Profit and Loss statement

▪       Submit most recent Federal Income Tax Returns. Include all Schedules, attachments, and W2(s)

▪       Submit Non-Filing Verification from IRS (if applicable)

If receiving severance pay, Social Security, unemployment benefits (EDD), retirement/ Pension income, disability, public assistance, etc., submit:

▪       Most recent benefits letter(s) stating your monthly award

If you are Unemployed and have ZERO income, you must:

▪       Complete an Unemployment Declaration form 

▪       Complete a Certificate of Zero Income form 


Assets

▪       Six (6) consecutive and most recent  statements for Checking accounts and include ALL pages.

▪       One (1)  most recent statement for all other assets (IE: Savings, 401K, Money Market, etc.) and include ALL pages.

▪       A written and signed explanation with supporting documentation for any deposit over $100 other than that of your documented employment. 

 

Building Documents 

▪       Application

▪       Release & Consent Form 

▪       Resident Qualification Acknowledgment (RQA)

 

Contact Information:

Phone: (510) 747-5817

Email: TheSkylyneBMR@Greystar.com