Below Market Rate Housing

Summary

In San Mateo, California, issues during a Below Market Rate (BMR) housing transaction can include lack of language assistance, inadequate disclosures, and absence of homebuyer education. California law mandates reasonable accommodations for non-English speakers and clear disclosure of resale restrictions. If these were not provided, you might consider legal action for breach of contract or failure to disclose. Consulting a real estate or consumer protection attorney in California could provide guidance on pursuing a lawsuit.

Full Conversation

what below market rate housing program needs to provide?
Hi ****! Below market rate (BMR) housing programs typically need to provide:
- Affordable rent or purchase prices below market rate.
- Income eligibility criteria.
- Application and lottery process.
- Compliance with local housing codes.
- Regular inspections to ensure quality and safety.
Do you need information specific to a certain city or county in California?
San Mateo
Hi ****! Here's what the Below Market Rate (BMR) housing program typically provides in San Mateo:
- Affordable rent or purchase prices below market rate.
- Income eligibility criteria.
- Application and lottery process.
- Compliance with local housing codes.
- Regular inspections for quality and safety.
Would you like details on how to apply for BMR housing in San Mateo?
what during the transaction needs to be provide?
Hi ****! During the transaction for Below Market Rate (BMR) housing in San Mateo, you typically need to provide:
- Proof of income
- Identification documents
- Completed application forms
- Verification of eligibility
- Down payment or security deposit
Would you like more details on any specific document or step?
we purchase the property and faced several problems
Hi ****! I'm sorry to hear you're facing issues with your property purchase. Could you please provide more details about the problems you're encountering? This will help me give you more accurate legal information.
During the transaction, the BMR program faced several problems: - No disclosure was provided in a different language, and we requested a translator to better understand the transaction and terms (8 months living in the USA at that time). - No translator was provided by the City of San Mateo, and there were no disclosures explaining the terms of resale restriction, promissory notes, and deeds of trust in plain language. - No homebuyer education on BMR property with restrictions. - No financing was provided by the City of San Mateo. All finances, including the down payment and property upgrades, were invested in the BMR purchased property from our personal account.
Hi ****! It sounds like you faced significant issues during your BMR transaction in San Mateo. Here are some important points to consider:
- **Language Assistance**: California law requires reasonable accommodations for individuals with limited English proficiency, including translators.
- **Disclosure Requirements**: Sellers must provide clear disclosures about resale restrictions and other legal obligations.
- **Homebuyer Education**: Programs often require homebuyer education, which should be provided.
- **Financial Assistance**: Many BMR programs offer financial assistance, but this can vary.
Would you like more detailed information on how to address these issues?
can I file a law suite?
Hi ****! Here are some key points for considering a lawsuit in California:
- **Breach of Contract**: If the terms of the contract were not fulfilled.
- **Failure to Disclose**: If essential information was not disclosed.
- **Language Assistance**: Violation of California's language accommodation laws.
- **Consumer Protection Laws**: Potential violations related to fair practices.
Would you like specific details on any of these points?
they do not want to accept their fult
Hi ****! To proceed with a lawsuit, you may need to gather evidence of the issues you faced, such as lack of disclosures and language assistance. It might also be helpful to consult a lawyer who specializes in real estate or consumer protection in California. Would you like information on finding legal assistance?