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Planning Commission backs narrow fix to BMR resale rules after debate over guardrails
Summary
Supervisory sponsor Yerina Melgar told commissioners her ordinance would let staff adjust affordable prices for a small number of older BMR ownership units to avoid large out‑of‑pocket losses for sellers; commissioners added a 10‑unit trigger and delegation language and recommended approval 5–1.
The Planning Commission on Oct. 17 recommended approval of an ordinance sponsored by Supervisor Yerina Melgar to authorize limited increases to affordable‑price and income limits for certain older below‑market‑rate (BMR) ownership units. Melgar said the change is narrowly targeted to a small number of resale cases where older valuation formulas make units effectively unaffordable for sellers and that the legislation includes guardrails and triggers so it won’t become a broad loosening of the program.
Melgar told the commission she had worked with the…
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