BMR Program In Action: The Jones Household

In this video, the HouseKeys Team provides an overview of how a Below Market Rate Homeownership Program Works.  The points in this video include:

  • How household income is used to determine affordability level and sales price
  • The private developer's role in creating below market rate units
  • How a program applicant transitions into becoming a below market rate homeowner
  • The benefits of purchasing a below market rate home
  • How affordability levels are effected over time

This is the first in a series of videos that the HouseKeys Team will begin releasing in order to provide more information about how single family affordable homeownership programs work.