All rights reserved. Plus, 20 of the new townhomes will be priced below market rates, according to Landsea. Price growth remains positive but continues to decline as sellers adjust expectations. The purpose of the program is to create and retain a stock of affordable housing in Palo Alto for people of low and moderate income. Per the city's below market rate housing requirements, 10% of the units will be offered at affordable rates. So, probably $600,000 or something," said Punukoolu. The total number of homes for sale, including homes that are under contract but not yet sold, increased by 13.3% compared to last year. Fifteen predominantly western markets saw homes spend more time on the market than typical 2017 to 2019 timing. Anyone who wishes to be included on the waitlist must apply each year within this time frame, including those who were on the waitlist in previous years. Below Market Rate (BMR) Ownership Programs BMR Ownership Programs help first time homebuyers who are low, moderate, and middle-income. Lawrence Station in Sunnyvale is primarily market-rate (12.5% of the units are affordable under an inclusionary requirement). There is no lottery planned for them. There's one three-bedroom for $433,470. The average sale price per square foot in Sunnyvale is $1.04K, up 1.0% since last year. REDFIN IS COMMITTED TO AND ABIDES BY THE FAIR HOUSING ACT AND EQUAL OPPORTUNITY ACT. In fact, other data on pending home sales point to a similar potential stabilization. A minimum average of 20 hours per week, over the course of the qualifying year. The child or spouse must fulfillBMR eligibility criteria. Two-bedroom apartment, $1,300/mo, 889sf - Available immediately Occupancy Requirement: 2-persons minimum, 5-persons maximum. Please visit the HouseKeys website http://www.housekeys2.com/ for information on the City's affordable housing program. An estimated 53 of the 479 homes will be offered at below-market rates. Big Sunnyvale housing development pushes Share this: Click to share on Facebook (Opens in new window) . In February, the number of homes newly-listed for sale declined by 15.9% compared to the same time last year. To view a list of affordable developments in Cupertino as of April, 2021, please click here. If a household contributes less than 20% of the purchase price towards the downpayment, only the first $60,000 will be excluded from the asset test calculations. Raleigh (+14.8%), Dallas (+10.3%) and San Antonio (+10.2%) had the largest year-over-year growth in newly listed homes. Main menu. Additionally, there are 12,469 other low income apartments that don't provide direct rental assistance but . For applicants reapplying for a position on the waitlist, the applicant will maintain their current position on the waitlist from the previous year, provided the applicant continues to qualify for a BMR unit and their priority points remain unchanged. Waitlist applicants must abide by a strike policy to continue participation in the BMH waitlist. There were 33 homes sold in January this year, down from 59 last year. There are 306 low income housing apartment communities offering 30,565 affordable apartments for rent in Santa Clara County, California. The Below-Market-Rate (BMR) Housing Program helps address the high cost of housing in Mountain View by increasing the diversity and supply of affordable housing through the provision of mixed-income residential developments that integrate both market-rate and affordable units. 1-2 Beds. Each eligibility form will be separated into a subgroup based on priority points. A Fair Market Appraisal report using only market rate units as comparable is required, The report must be no more than 90 days old at the time of submission of lender package to MOHCD. BMR homes are typically condominium units in mixed income buildings, with monthlyHomeowner's Association (HOA)dues. To learn more about the City of Sunnyvale's Below Market Rate and First-time Home Buyer programs, visit our web page at BMR.inSunnyvale.com or call (408) 730-7250. All Rights Reserved. San Francisco Shipyard, Office of Housing and Community Development, Office of Community Investment and Infrastructure Affordable Housing Program Although Mountain View's below-market-rate (BMR) housing ordinance, passed in March, 1999, is overwhelmingly favored in the community, it is unlikely that BMR units will be available in the near future. Additionally, there are 21,839 other low income apartments that don't provide direct rental assistance . The BMR Program uses maximumincome limits, adjusted for household size, published by Housingand Community Development (HCD) annually for Santa Clara County. BELOW MARKET RATE HOUSING PROGRAM GUIDELINES Income Limits/Section 14, Tables A and B Updated for 2017-18 Originally Adopted by City Council on January 12, 1988 Revised by City Council on the following dates: December 17, 2002 (No Resolution) March 25, 2003 (Resolution No. Listing Price Growth Continued Decline in February. However, this could change if the direction of inflation and mortgage rates changes in the months to come. Marin County, San Rafael, Larkspur and Ross were judged in compliance on market-rate unit creation so SB 35 will . As a result of these changes, this release is not directly comparable with previous data releases and reports. Big Sunnyvale housing development pushes Share this: Click to share on Facebook (Opens in new window) . Midwest metros had the highest growth rate in active listing prices, with an average increase of 11.9% over the past year. We then pull applications from the top of the waitlist based on priority, household size, and income. Income Limits will be updated each year by HUD. The winners will then have to go apply for a loan, which is another thing entirely. The brand-spanking new, four-bedroom detached home at 1288 Pumpkin Terrace is one of four that will be sold at less than half the going market rate. READ REDFIN'S FAIR HOUSING POLICY. Santa Clara County features 8,203 low income apartments with rental assistance where households typically pay no more than 30% of their income towards rent. New heartbreaking details from missing Wild 94.9 DJ's final show, Barriers aren't stopping alleged sex work near EB school: Neighbors, ATM thieves use glue and 'tap' function to drain accounts at Chase, Tom Sizemore dead at 61 after suffering brain aneurysm, Tax Chat: 7 On Your Side, experts to answer viewer questions, A look at the best video roundup of snow falling across California, Has CA hit the all-time state snow record? Once a home is purchased at the below-market rate, theres generally a 30-year restriction that locks it in at that rate. The Cupertino BMR Rental Program is designed to assist very-low and low-income households. Milpitas Housing Element. Anyone who meets the income criteria and qualifies for financing may purchase a BMR home, however, priority will be given to: Please see attached requirements before applying. Email: programs@housekeys.org 409 Tennant Station #495 Morgan Hill, CA 95037 City of Sunnyvale - Housing Division 456 W. Olive Avenue Sunnyvale, CA 94088-3707 . BMR.inSunnyvale.com. ABAG tracked thirty housing policy and program types that represent the most prevalent and important strategies for fostering development of both market rate and affordable housing units. Third priority by the date and time that the application is submitted. Below Market Rate (BMR) Program Participating Realtor List City of Sunnyvale - Housing Division 456 W. Olive Avenue Sunnyvale, CA 94088-3707 Phone: 408 730-7250 Email: housing@sunnyvale.ca.gov Website: sunnyvale.ca.gov. Request Cash Offer. If you would like to make an in-person appointment, please book your appointment over the phone in advance via the following numbers: . ABAG Staff compiled a summary of policies adopted by each jurisdiction based on the jurisdiction's certified 2007-2014 housing element, and sent the summary . Ft. 314-townhome community in Sunnyvale by Landsea, called The Vale, sold out in about two . Our offices are now open for in-person meetings. The number of homes under contract (pending listings) declined by 24.7% compared to the same time last year. Fifty-three of the apartments will be offered at below-market rate, providing housing for qualifying households with income levels ranging from approximately $55,000 per year up to $130,000 per year. View photos, get pricing and see if you qualify for public housing and section 8. Esta llamada revisara informacion sobe el program de viviendas conprecios por debajo del mercado. We believe governments, non-profits, and advocates must work together to keep our . February 2023 Monthly Housing Market Trends Report. Housing Division. The total number of unsold homes, including homes that are under . All restrictions are in place for the life of the property. You are here: hackberry allergy symptoms; 49ers paying players under the table; below market rate housing sunnyvale . Note: This is a goal, not a requirement to be imposed on individual projects. Loan Types not allowed: Stated income, ARM (adjustable rate mortgage), reverse mortgage, interest-only, negative amortizing, and balloon payments. If you are applying for one of Community Corps studio apartments and meet the criteria, you will be contacted by a member of Community Corps leasing team. low income housing sunnyvale. baseball font with tail generator. Large southern metros saw the largest increase in the percentage of homes with price reductions (+10.3 percentage points), followed by large western metros (+8.6 percentage points). "Me and my brother are going to stay in the same home. There are some signals that price growth could be stabilizing as the market saw fewer price reductions as a share of total home inventory. Prices in Milwaukee (+48.8%), Memphis (+42.7%), and Virginia Beach (+16.3%) saw the biggest increases among large metros. Think about it like this, if you took on a . As a result of these changes, this release is not directly comparable with previous data releases and reports. While mortgage rates are down from October and November 2022, higher rates and home prices compared to February of last year have increased the monthly cost of financing 80% of the typical home by roughly $630 (+45.1%) compared to a year ago. The city of Sunnyvale requires developers of large housing projects to sell a percentage of the homes at below-market prices to low- to moderate-income households. While mortgage rates are down from October and November 2022, higher rates and home prices compared to February of last year have increased the monthly cost of financing 80% of the typical home by roughly $630 (+45.1%) compared to a year ago. The most current below-market rate property for sale is a one-bedroom, one-bathroom condo off of Evelyn Avenue, near downtown. In order to qualify, the buyer. Explore recent offers and recently sold homes in, 602 San Conrado Ter #2, Sunnyvale, CA 94085, 1117 Reed Ave Unit B, Sunnyvale, CA 94086. Contact us HouseKeys BMR Housing Services Administrator Website Email 877-460-5391 housing documents to ensure the home remains affordable, and the homeowner occupiethe homes ,for the entire restricted term (generally 45 years). *Effective May 13,2022. A specific development project's BMR requirements are confirmed during the review of a Planning Application for new residential development. The waitlistapplication period for the BMR Rental and Purchase Programis openannually during themonth of October. Giu 11, 2022 | narcissistic withdrawal. Unborn children are not counted into household size. Home sellers are less active this year, with 15.9% fewer homes being listed for sale compared to last year. The typical home spent 67 days on the market this February which is 23 days longer than the same time last year. . Below Market Price Housing Program Contact: HouseKeys. Cat Friendly Fitness Center Pool Dishwasher Refrigerator Kitchen Walk-In Closets Clubhouse. Homes in Western metros are also spending 10 more days on the market than pre-pandemic times, but in all other regions homes are still selling more quickly. Our best interest is keeping it at the below-market rate, said Suzanne Ise, housing officer with the Sunnyvale Housing Division. Sunnyvale, CA Housing Market Trends. housing specialist with the city of Sunnyvale. stories located in the area including and bounded by South San Francisco to the north and Sunnyvale to the south (the "Comparable Buildings"), based upon binding lease transactions for tenants in Comparable Buildings ("Comparable Leases . All sources ofincome of all household members 18 years or older who will be living in the BMR unit, must be included in the determination of income. Water Efficient Landscape Ordinance (WELO), Assessor - County Clerk - Recorder & Elections, Multi-Jurisdictional Hazard Mitigation Plan, Water Quality Notifications (Beach/Creek), Apply for Other Affordable Housing in San Mateo County, EDPAP (Employee Down Payment Assistance Program), Landlord and Tenant Information & Referral Services, Landlord Brochure on Rental Subsidy Programs, Farm Labor Housing/Agricultural Workforce Housing, RFP: Provider-Based Assistance (PBA) program, RFP: Section 8 and HUD-VASH Project-Based Vouchers, RFP: Development of 1580-1590 Maple Street, RFP: Legal Aid Services and Tenant Landlord Mediation Services, San Mateo County BMR: Program Description, San Mateo County BMR: Application (Word Document), San Mateo County BMR: Application (Fillable PDF). generali travel insurance class action lawsuit, waterfront homes for sale springville, tn. Analyze our statistical data showing the local real estate investment market trends. The West region has seen the second-most growth, with an 82.9% increase compared to last year. Home. Next up is Mountain View, where apartments go for $3,127/month, followed by Palo Alto with $3,468 If you're looking to rent in Sunnyvale's most popular neighborhoods, make sure to also check out Santa Clara . TWO-BEDROOM TOWNHOMES 950 Highland Terrace - $363,572 Who We Help. Primary residence in San Mateo County continuously for a minimum of one year. The City of Santa Monica is partnering with Community Corporation of Santa Monica,a non-profit organization that restores, builds, and manages affordable housing, to provide one streamlined list for affordable housing. 905 Sunrose Trl # 205, Sunnyvale, CA 94086 is a condo unit listed for-sale at $929,000. Share & Bookmark, Press Enter to show all options, press Tab go to next option, (415) 301-5448(messages returned within 36-48 hours). City of Sunnyvale - Housing Division 456 W. Olive Avenue Sunnyvale, CA 94088-3707 Phone: 408-730-7250 / Fax: 408-737-4906 Website: sunnyvale.ca.gov Email: housing@sunnyvale.ca.gov . The BMR Program has been an important tool for providing rental and ownership opportunities for Sunnyvale's low- to moderate-income households. If you want to know more about Sunnyvale's home lottery, click on the link above. Maximum Combined Loan to Value Ratio: 97%, Front-end or housing ratio: no lower than 28%, and no higher than 40%. The qualifying transferee must work with MOHCD to complete the transfer process within 1 year of the death of the BMR owners. City of Sunnyvale Housing Division 456 West Olive Ave Sunnyvale, CA 94086 (408) 730-7250 Apply to buy a below market rate home, for low- to middle-income San Franciscans. This is smaller than Januarys 32.1% decline, which could mean that the housing market is starting to stabilize, at a relatively low level of existing home sales activity, point to a similar potential stabilization. ft. Palo Alto* (1984) Large commercial and industrial: $19.31/sq. There are no limitations to buy a home that has fewer bedrooms than the household size. Growth accelerated from last months 12.3% growth rate because homes are spending more time on the market, but the growth rate in the total number of homes for sale remains lower than active inventory because there are still fewer homes under contract (pending listings) than there were last year. The average sale price of a home in Sunnyvale was $1.5M last month, down 9.64% since last year. Get Morning Report and other email newsletters. What is the BMR Housing Purchase Program? The average sale price was $2,607,490 (-7.2% from March 2022 and +17.6% from April 2021) Table 14: Sunnyvale Household Income Level by Housing. Usually, the city just keeps a list of people interested in condos. Copyright 2023 County of San Mateo. Applicants who are no longer income eligible, or who do not reapply, will be removed from the waitlist each year. To verify enrollment eligibility for a property, contact the school directly. 620 Iris Ave, Sunnyvale, CA 94086. San Francisco, CA 94103 | Tel: (415) 701-5500 | Fax: (415) 701-5501 | TDD (415) 701-5503 Based on building permits issued in Silicon Valley in 2021, the estimated number of new homes is expected to be more than double that of 2020. The most current below-market rate property for sale is a one-bedroom, one-bathroom condo off of Evelyn Avenue, near downtown. Skip to main content. The average sale price of a home in Sunnyvale was $1.5M last month, down 9.64% since last year. Join us for an informational call which will review information about the Below Market Rate program in the City of Mountain View. Selling activity continued to decline, with fewer newly listed homes compared to last year, despite an uptick in seller sentiment seen in January. The program requires that all interested parties complete and submit an application when a BMR is available. The owner's program documents may have exceptions to these restrictions. survey. Please enable JavaScript in your browser for a better user experience. Any and all information provided will be used to determine eligibility for substantial public benefits and any and all information contained in the records kept by the City can and will be used for monitoring, auditing and establishing (my/our) eligibility and priority for the City of Sunnyvale Below Market Rate Rental Program; otherwise this information is confidential. Once it loses its BMR status, it basically means the price will double for whoever the buyer is going to be. The offered amount is frequently a price mirage. Income Limits. BMR homes are not subsidized by the City, but prices are restricted by the City. For questions, please contact the Housing and Neighborhoods Division at 650-903-6379 or neighborhoods@mountainview.gov. BMR homes are specified units in San Francisco sold at below market rate prices. Acceptable documents include tax forms, bank statements, paystubs, and documentation of any other income, assets, or benefits. List Price $1,350,000 Sale to List 13% over list Days on Market SOLD MAY 24, 2022 $2,352,000 203 Waverly St SUNNYVALE, CA 94086 3 Beds 2 Baths 1,404 Sq. Sunnyvale, CA 94087 We hope the links below for below market rate home sales and rentals are helpful: City of Sunnyvale: Below Market Rate Home Ownership Program. You were not referred to an apartment, not contacted, or did not meet building/credit requirements. The city says comparable homes are selling for between $900,000 and $1.1 million. Please book in advance, by appointment only. Join our mailing list to receive the latest data and research. Our City Departments Community Development Housing Below Market Rate Housing Program. REDFIN and all REDFIN variants, TITLE FORWARD, WALK SCORE, and the R logos, are trademarks of Redfin Corporation, registered or pending in the USPTO. School service boundaries are intended to be used as reference only. Recently, we have recognized another needbelow-market-rate housingfor those who work/serve our community (teachers, nurses, grocery workers, public safety officers, etc. REDFIN IS COMMITTED TO AND ABIDES BY THE FAIR HOUSING ACT AND EQUAL OPPORTUNITY ACT. The average sale price was $2,607,490 (-7.2% from March 2022 and +17.6% from April 2021) Website: Sunnyvale.ca.gov Email: housing@sunnyvale.ca.gov These amounts That is thanks to a Sunnyvale program in place since 1980, requiring any new development make some percentage of properties available at below market rate, or BMR. If its not purchased, then we lose potentially 25 years of it being affordable; thats something that we dont like to lose.. In 1980, Council established the Below Market Rate ("BMR") Housing Program, which is currently codified in Sunnyvale Municipal Code (SMC) Chapter 19.66 ("the Ordinance"). Income and other qualifications apply. (650) 334-1065. City of Morgan Hill Below Market Rate (BMR) OWNERSHIP Program Participation Guide . Rental rates for BMR units are determined by income level and household size. Below Market Rate # 5726Q4, Scotts Valley, CA 95066 is currently not for sale. Plus, 20 of the new townhomes will be priced below market rates, according to Landsea. Here are some quick stats: The average sale price was $3,026,120 in April, up 5.4% from a year ago. Homelessness Response & Prevention. Selling activity continued to decline, with fewer newly listed homes compared to last year, despite an uptick in seller sentiment seen in January. In February, only 6 metros saw the number of newly listed homes increase compared to last year. Income and Rent Overburden in Sunnyvale The median gross income for households in Sunnyvale is $105,401 a year, or $8,783 a month. A few larger metros also saw inventory increase above pre-pandemic levels. A. City of Sunnyvale . See all Below Market Rate homebuyer program listings. All rights reserved. That is thanks to a Sunnyvale program in place since 1980, requiring any new development make some percentage of properties available at below market rate, or BMR. Home Uncategorized low income housing sunnyvale. The Cupertino BMR Rental Program is designed to assist very-low and low-income households. This home was built in 2022 and last sold on for. The City of Santa Clara Housing and Community Services Division, part of the Community Development Department, is the agency authorized to administer the Below Market Purchase program. When autocomplete results are available use up and down arrows to review and enter to select, or type the value, Inclusionary Housing Program underPlanning Code Section 415, Below Market Rate homebuyer program listings, Mayor's Office of Housing and Community Development. To request an application or for more information email aanderson@ebaldc.org or call 510-910-0972, M-F, 8:30am - 4:30pm, TTY: 711 Opinion: Newsoms budget cuts threaten public health investment, Mathews: Look to Mexico for help in restoring trust in democracy, Opinion: McCarthys leadership strategy shows no sign of working, Suspect arrested in Palo Alto home burglary, Dear Abby: I love my wife but I think I better get divorced, Harriette Cole: She has gone too far with the remote work option, Bobcat seen using Highway 17 wildlife crossing hours after it opens, Dear Abby: My wife said she doesn't like it, but it's part of my life, Authorities: Man bombed PG&E transformers in South San Jose, Ask Amy: I didn't ask for what I wanted, and I'm sad they couldn't guess, William backed Harry and Meghan's eviction, prefers brother never 'set foot in England again', Ask Amy: I feel guilty for not speaking up about my co-worker's activities, Miss Manners: I felt bad that they all skipped her baby shower -- and then I found out why, Brawl forces end of NorCal high school basketball playoff game, As Adderall shortage continues, DEA plans to limit some telemedicine prescriptions, House where JonBenet Ramsey was found dead listed for sale for almost $7M, Columbia University permanently drops SAT, ACT admissions requirement, The Waterbed Doctor: California retailer lays claim to retro bed with nearly 40 years of service, sales, Felonious Florida podcast: Missing teenage girl leads to several cases of child sex trafficking, Do Not Sell/Share My Personal Information. Provide comments on the draft program overview by: Email: jcarloni@sunnyvale.ca.gov Mail: City of Sunnyvale Housing Division, P.O. Learn about natural hazards and environmental risks, such as floods, storms, fires, droughts and heat risks that could impact homes in, Explore how many homes are likely to flood in nearby cities, compared to, Click on the risks below to learn which exist in. The neighborhood nested between Highway 87 and Alameda Expressway, for example, has six below market rate housing projects, or 589 units, the analysis shows. This is smaller than Januarys 32.1% decline, which could mean that the housing market is starting to stabilize at a relatively low level of existing home sales activity. View more property details, sales history and Zestimate data on Zillow. . There's one three-bedroom for. On average, homes in Sunnyvale sell after 26 days on the market compared to 9 days last year. These housing units are often built by local government, non-profits, or as a requirement of the developer (Inclusionary Affordable Housing Ordinance). The sale to list price ratio rose higher again, with homes selling on average at 121.8% (+0.2% from last month, +18.2% from a year ago) Days on market were at 9 in April, down from 14 in March and down from 10 a year ago. Information regarding HCD's methodology is available at: www.hcd.ca.gov. Rather than providing arental subsidy, this program offers apartments in the private sector at a rent that is lower than market rate. 456 West Olive Ave. Sunnyvale, CA 94086 Track your homes value and compare it to nearby sales. Home Buyer Programs Below Market Rate Home Ownership Program The City requires developers of large housing projects to sell a percentage of the homes at below market prices to low- and moderate-income households through the Below Market Rate (BMR) Home Ownership program. The average sale price of a home in Livermore was $1.22M last month, up 20.2% since last year. You were emailed about a vacancy and opted in but did not: You declined the apartment after it was offered to you, Your actual income was calculated by the property owner to be too high or low to meet the eligibility requirements of the apartment, which means your application is not up-to-date or accurate, Your household size does not fit the apartment because your application is not up-to-date or accurate. Markets which reported large yearly declines in newly listed homes were led by western metros such as San Jose (-43.3%), San Francisco (-39.4%), and Seattle (-36.8%). Homes in Sunnyvale receive 6 offers on average and sell in around 19 days. Dog & Cat Friendly Fitness Center In Unit Washer & Dryer Clubhouse Balcony Patio Stainless Steel Appliances Business Center Carpet. The think tank's research also shows that despite growing demand for affordable housing, few new developments offer below-market-rate units. Refer to the BMR-DALP program manual for details. See all recently sold homes in Sunnyvale. The waitlist application period for the BMR Rental and Purchase Program is open annually during . SB 35 makes a distinction between affordable housing and market-rate development. for FAQs, Cupertino BMR Rental, and BMR Homeownership information. View 10 housing authorities and agencies in Sunnyvale, CA. The 1,106 sq. Work in Santa Monica at least25 hours per week; Participate in an approved job training program in Santa Monica; Havelast worked at least 25 hours per week inSanta Monica and nowreceive unemployment, workers compensation, vocational rehabilitation benefits, disability benefits, or retirement benefits from the City of Santa Monica. , the inventory of homes for sale continued to grow, driven by homes spending more time on the market as buyers continued to face affordability constraints. An estimated 53 of the 479 homes will be offered at below-market rates. BMR rental units are made available to very-low and low-income households. The lottery application for the five houses requires a $50 fee, must be submitted between July 18 and 25, 2011 with the drawing planned for July 27th. The listed price is $200,270. In fact, only Las Vegas (+9.4%), Austin (+2.6%) and San Antonio (+0.6%) saw higher levels of inventory in February compared to typical 2017 to 2019 levels. In each of these markets, the median price-per-square-foot also declined on a yearly basis, signaling that price declines in these markets were not caused by an increase in smaller listings but by sellers beginning to adjust expectations to softer housing market conditions. Buyer applicationsare selected througha lottery process. February 2023 Regional Statistics (50 Largest Metro Combined Average), February 2023 Regional Statistics vs Pre-Pandemic 2017-2019 (50 Largest Metro Combined Average), February 2023 Housing Overview by Top 50 Largest Metros. 10300 Torre Avenue A rehabilitation of the community included new plumbing, kitchen and bathroom renovations, new windows, outdoor siding, and a re-landscaping of the community's . incorporated a new and improved methodology for capturing and reporting housing inventory trends and metrics. Below Market Rate Housing The Below Market Rate (BMR) Housing Purchase Program is a part of the Palo Alto Comprehensive Plan. These City of Sunnyvale below market-rate townhomes are available for a limited time only to moderate-income first-time homebuyers who live or work in Santa Clara County. What Happens If You Don't Elevate A Sprained Ankle? West Valley Community Services Center: wvcommunityservices.org Areas served: 95014, 95015, 95129, 95130 (Cupertino, parts of West San Jose and West Campbell) 10104 . ft. Mountain View* (2015) Office/High Tech/Industrial: Up to . for information ontheCity's affordable housing program. This far outpaces recent rent growth (+2.9%) and inflation (+6.4%). However, this could change if the direction of inflation and mortgage rates changes in the months to come. The number of homes for sale in the 50 largest metro areas in the U.S. has increased by 86.0% compared to last year. In all regions newly-listed homes remained well below the typical levels seen in 2017 to 2019. Eligibility Forms will be acceptedon the first business day of October annually andwill close on the last business day of October annually. However, home inventory in the South is still 35.5% below pre-pandemic levels.