Rental Housing

                       

THE GALLOWAY AT HACIENDA LOTTERY RESULTS

In January 2017, Essex Development, and the City of Pleasanton announced the availability of thirty eight (38) below market rent apartments located in the Galloway development, 5789 Gibraltar Dr., Pleasanton, CA 94588 (development website: www.gallowaypleasanton.com). The units will be made available for lease from March through September 2017. The 38 Below Market Rent (BMR) apartments include (3) Studios, (17) 1-bedroom, (14) 2-bedroom, (4) 3-bedrooms. Of these units, two 1-bedroom units and one 2-bedroom BMR unit are accessible and available for lease by persons with physical

disabilities. 

The pre-application period closed on Monday, February 6, 2017 at 5 pm for the Galloway at Hacienda project located at 5789 Gibraltar Drive, Pleasanton (development website: www.gallowaypleasanton.com).  For background on the lottery process, visit the main Housing page at http://admin.cityofpleasantonca.gov/resident/housing/default.asp.  For lottery results, explanation of the lottery, and other project information, click on one of the links below.

Pre-application forms & eligibility guidelines

Galloway Hacienda PowerPoint presentation

FAQ's      

LOTTERY RESULTS    

Explanation of Galloway Hacienda Priority Process          

 THE MASON FLATS AT TOWNSHIP SQUARE

 

The pre-application period closed, Monday, July 18, 2016 at 5:00 pm for The Mason Flats at Township Square located at 1605 Lexington Lane, Pleasanton, CA 94566 (website: www.themasonapartments.com).  The Mason Management Team is currently processing Lottery numbers 200-220.

Lottery Results

Eligibility Guidelines and Application Process

Informational Session Presentation

FAQ's

 

Pleasanton is located in an area where the cost of rental housing has traditionally been high, similar to other Bay Area locations. The city does not build, own, or manage any rental housing directly.

Market-Rate Apartments

Pleasanton has a large stock of high-quality rental housing in existing apartment complexes located throughout the city. While many existing complexes do not offer BMR rents, home seekers may be able to find market-rate rental housing that meets their needs, particularly in older complexes where rents tend to be lower.

Below-Market Rental Housing (BMR)

The City encourages the construction of affordable rental housing by allowing special consideration for projects that provide rental apartment units at below-market rent levels. Nearly 1,000 below-market rental (BMR) apartment units have been built in Pleasanton since the mid-1980's.See current apartments at below-market rents . The leasing process (inquiries, applications, etc.) is administered on-site at each complex. Since 2012, the City has approved several new apartment developments with approximately 1,750 total units. These new complexes include nearly 350 additional BMR apartment units.

Tri-Valley Affordable Rental Housing Opportunities Guide 

Rental Costs

  • Rents for BMR apartments are based on a percentage of the Area Median Income (AMI) for the Alameda – Contra Costa County area as determined annually by the federal government.
  • The maximum BMR rents for most participating properties are based on 80% of the AMI. Several properties offer lower rents based on 60% and 50% of the AMI.   
  • Actual rents charged under the BMR program may be less than the maximum amounts shown in the table. As shown in the most recent survey of ratesin Pleasanton apartments, rents charged for BMR apartment units typically average twenty to thirty percent less than market rents in the same complex although the degree of difference varies over time depending upon the state of market rents.  Maximum rates may vary by complex.

Qualifying

In order to qualify to rent a BMR apartment, applicant’s income must generally not exceed 80% of the local median income level (several complexes also have apartments for households at 50% and 60% of median income).

The current maximum annual incomes (by household size) and corresponding maximum rents (by unit size) can be found here . Maximum income and rent levels are adjusted annually based on new information from the federal government.

Leasing is handled directly by the property manager for each apartment complex.

       

Future Developments

 It generally takes one to two years to build a large apartment complex, and the application process for BMR apartments does not start until a complex is close to completion. Click Interest list to be notified of the City's future affordable housing opportunities or contact the City of Pleasanton Housing Division , (925) 931-5011  200 Old Bernal Avenue, Pleasanton, CA 94566.

 

 

THE ESSEX GALLOWAY, PLEASANTON 4863 WILLOW ROAD (Development website: www.gallowaypleasanton.com)         

In April 2016, Essex Development, and the City of Pleasanton announced the availability of 38 Below Market Rent Apartments located in the Galloway development. The Pre-application process closed Friday, May 6, 2016.  The development is currently underway screening pre-applicants ranked number 250-300 through the selection process. Units will be available for lease from May through September 2016 for those persons who qualified through the pre-application process.

All BMR units are available for very low income persons/households earning up to 50% of the Area Median Income (AMI) limit established by the City, adjusted for household size.  Three (3) BMR Units will be accessible for households with physical disabilities.  A pre-application process was administered by Essex and the City to determine the screening order in which full applications were to be considered for the Below Market Rent units. More information on the BMR Units and Eligibility Guidelines can be accessed through the following links:

General Information for BMR Units-Essex Galloway    

Eligibility Guidelines for BMR Units - Essex Galloway

Frequently Asked Questions - Essex Galloway

Info Session Presentation 4/18/16 - Essex Galloway

Essex Galloway LOTTERY RESULTS