Below Market Rental Program

Towers at Rincon is pleased to present our Below Market Rate rental options. Review this page for information, requirements and available units.

BMR-Studio

Studio606 sq ft

BMR-One Bedroom

1 BR / 1 BA579 - 629 sq ft

BMR- 2 Bedroom 1 Bath

2 BR / 1 BA886 sq ft

BMR- 2 Bedroom 2 Bath

2 BR / 2 BA799 sq ft

Max Allowable Incomes by Household Size

Household Size80% AMI (low) 100-120% AMI (moderate)
1 Person$98,000$147,000
2 Persons$112,000$168,000
3 Persons$126,000$189,000
4 Persons$140,000$210,000
5 Persons$151,200$226,800
1 Person Household
$98,000
$147,000
 
2 Persons Household
$112,000
$168,000
 
3 Persons Household
$126,000
$189,000
 
4 Persons Household
$140,000
$210,000
 
5 Persons Household
$151,200
$226,800
 
  • Rental Criteria for Below Market Applications

    Household Members must have a minimum monthly income of 2 times the rental rate.
    Households must earn no more than the annual income levels listed above at 80%, 100%, 120% AMI.

    Displaced Tenant Housing Program (DTHP) participants may receive priority with proof of certificate. More information can be found HERE

    Please download the Resident Qualification Acknowledgement attachment HERE to learn more about the property standard screening and residency criteria.

  • Income & Application Documentation Required

    Initial documents pertaining to your household may be submitted to the leasing office via email, in person or by mail within 5 days of receipt “supplemental application for unit."

    People in your household may need special income calculations if they:
    Are full-time students (but not the primary applicant).
    Receive non-taxable income (non-taxable income might include SSI, SSDI, child support payments, and worker’s compensation benefits).

    Please note that additional affidavits and forms or back up documentation may be required based on the specific make up of a household and what is derived from the information provided on initial applications.

    DOWNLOAD THESE DOCUMENTS TO APPLY

    Required Initial Documentation List

    Supplemental Application to Rent

    Resident Qualification Acknowledgement

    Resident Release and Consent

  • How to Submit

    For digital, in person or mailed submission of documents and applications. Please use the below contact information:

    Towers at Rincon Leasing Office
    C/O BMR Program Manager
    88 Howard Street
    San Francisco CA 94105
    towersatrinconafford@greystar.com
    415-615-9200
    CONTACT US

  • Additional Rental Fees

    • Application Fee(s) $26.47 per person
    • Deposit: $500 - $700- or 1-months rent based on credit and floorplan.
    • Renter pays PG&E bill directly.
    • Utility bills (water, sewer, trash) are included in the rent.
    • Replacement fobs $35/remotes are $150 each.
    • Late rent payment fee is $50.
    • Returned Check Fee: $50
    • Parking Fees: $350-$525/ month
    • Pet Rent: $75/ month + additional deposit up to $500

Disclaimer

The Rincon Center Housing Plan governs many of the eligibility requirements for this building. Income and assets are calculated by the building staff and appeals are addressed internally by the building. Applicants should inquire with the building management directly for further information about eligibility requirements for this property. It is also important to note that these units are NOT governed by the San Francisco Rent Ordinance (also known as “rent control”). Among other rules, rents may increase beyond increases allowed under “rent control”.

Qualified applicants with criminal history will be considered for housing in compliance with Article 49 of the San Francisco Police Code: Fair Chance Ordinance.