BMR (Below Market Rate Unit) The Overture is a newer development in the heart of Berkeley. The building features 44 spacious, modern units, never before lived in. The Overture features available parking, rooftop decks, bike storage, and common area work/study lounge. The Overture is characterized by natural light, wonderful views, and sustainable, efficient construction. Income Requirements: This Below Market Rate/Inclusionary Housing unit is designated for entire households making less than 50% of the AMI (Area Median Income), which, effective June 1st, 2024- May 31, 2025, is $62,300 per year combined for all household members. Requirements: Total Yearly Income: Must be at or below: $62,300 SG Application Approval Requirements: 2X the rent per month, or $3116 gross SG Application Approval Requirements: 650 FICO score or higher Utility Allowance for PG&E: $47 Rent: $1558 Please reference the City of Berkeley website above for questions about the program. Application Criteria: Minimum income and credit screening requirements still apply to Below Market Rate and Inclusionary Housing program, which include a minimum of 2.5X the monthly rent in income ($3,895 per month), combined for the household, as well as minimum 650 credit scores for all individuals responsible for payment and/or whose income applies to the total combined income for purposes of the minimum income limit and the maximum income limit. Application criteria also include rental reference checks. Disclaimer: The Below Market Rate / Inclusionary Housing program rules and regulations are followed closely and we will not be able to show any preference to any applicants. Applicants will be selected at random and then screened thoroughly for qualification under the requirements outlined above and in the program's complete set of rules and regulations.
This property is off market, which means it's not currently listed for sale or rent on Zillow. This may be different from what's available on other websites or public sources.
