Apply at MEDA for a Below-Market-Rate (BMR) Rental at 480 Potrero in the Mission

Apply at MEDA for a Below-Market-Rate (BMR) Rental at 480 Potrero in the Mission

BlogWith affordable-housing rentals tough to come by in the ever-expensive Mission, the 10 units now available at 480 Potrero near 17th are definitely welcomed.

With 8,000 Latinos displaced since 2000, there is an urgent need for affordable housing in the Mission (see page 6 of this report). That’s why MEDA’s Community Real Estate team is working diligently to produce and preserve housing in the Mission — affordable housing with values. Complementing this work is MEDA’s Housing Opportunities program, which prepares renters and first-time homebuyers.

The apartments at 480 Potrero are offered via the BMR program from the San Francisco Mayor’s Office of Housing and Community Development (MOHCD). Community members needing assistance can come to MEDA on Tuesday, Aug. 16 at 5:45 p.m., with help offered in English and Spanish.

Deadline for application submission is Friday, Sept. 2, so time is of the essence.

Featured in a prime location – and in a brand-new building – these BMR rentals are ideal for MEDA clients in need of affordable housing in their neighborhood of choice.

The breakdown for 480 Portero is as follows:

  •      One BMR studio renting for $991, with a maximum family size of two and a minimum allowable monthly income level of $2,478.
  •      Five BMR one-bedrooms renting at $1,133, with a maximum family size of three and a minimum allowable monthly income level of $2,833.
  •      Three BMR two-bedrooms renting at $1,264, with a maximum family size of five and a minimum allowable monthly income level of $3,160.
  •      Two BMR three-bedrooms renting at $1,391, with a maximum family size of seven and a minimum allowable monthly income level of $3,478.

There will be a public lottery on Monday, Sept. 26 in the Koret Auditorium of the San Francisco Public Library a 100 Larkin Street, with 10 lucky winners chosen.

To see if your family qualifies for a BMR at 480 Potrero, read our bilingual flier or contact MEDA’s Juan Diego Castro at (415) 282-3334 ext. 126.

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