Alta Housing Services, LLC is administering the lease of 4 units within Redwood City’s Below Market Rate (BMR) Housing Rental Program, a program that provides rental apartments in Redwood City for low and moderate-income households. BMR rental units are leased at rates below prevailing market rents and rent increases are subject to certain limitations. BMR renters are selected from a Waiting List and must meet special income and other eligibility requirements.
There is currently a Studio and a 1-Bedroom available for rent. Applications will be processed first-come, first-served, and added to a waiting list for the property. Income limits are reflected as follows:
Minimum Income (2.5xRent): $60,840
1 person household MAX INCOME: $97,600
2 person household MAX INCOME: $111,550
Applications for the waiting list are still currently being accepted.