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Marin Housing briefs San Rafael on below-market-rate portfolio and preservation challenges
Summary
Marin Housing reported that about 4% of San Rafael's housing stock is in the BMR portfolio (781 rental units, 111 ownership units), noted expirations outpacing new units, and proposed outreach and financing tools to preserve units and expand buyer readiness.
Marin Housing presented an update on Feb. 17 to the San Rafael subcommittee on the status of the city's below-market-rate (BMR) housing portfolio and preservation strategies.
Jeff, Marin Housing's homeownership program manager, said roughly 4% of San Rafael's housing stock is in the BMR portfolio. "We have 781 rental units and 111 ownership units," he said, describing the portfolio as aging in both buildings and occupants: a 2023 survey of portfolio residents produced a roughly 40% response rate and found 66% of respondents…
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