Rental Housing

THE ESSEX GALLOWAY AT HACIENDA

           

The Essex Development and the City of Pleasanton announce 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 February through September 2017. The 38 Below Market Rent (BMR) apartments will 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 will be ADA accessible and available for lease by persons with physical disabilities.   The pre-application submission period, closed February 6, 2017.

The “Pre-Application Identifier”  will be emailed to those who are pre-qualified for initial eligibility by The Galloway before the lottery process.  The lottery selection process to determine the order in which applicants are to be invited to submit a full application will be held at 12:00PM, February 23rd, 2017, in the City of Pleasanton Council Chambers, 200 Old Bernal Ave, Pleasanton, CA.   Applicants are NOT required to attend the lottery selection.  All applicants will be notified of their lottery ranking number and the information will be posted on this website when available.

Pre-application forms & eligibility guidelines

Galloway Hacienda PowerPoint presentation

FAQ's      

LOTTERY RESULTS              

 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 selection process to determine the order in which applicants were to be invited to submit applications was held at 12:00PM, July 27, 2016, in the City of Pleasanton Council Chambers, 200 Old Bernal Ave, Pleasanton, CA Click Lottery Results below to find your lottery ranking number.

Instructions for Pre-applicants (Post-Lottery): Please take note of your Lottery Ranking Number.  The Lottery Ranking number is the order in which you will be called by The Mason to formally apply for an apartment and provide the related documentation. The “Pre-Application Identifier” ( the number in the middle column) is the number that was emailed to you by The Mason before the lottery process.  PLEASE DO NOT CALL THE MASON TO REQUEST FURTHER INFORMATION OR AN APPLICATION. The Mason will call AND email you when/if they arrive at your Lottery Ranking number before all BMR apartments are rented.  This could be anytime now through March 2017.  The Mason Management Team is currently processing Lottery numbers 1-50.

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, when built, will include nearly 350 additional BMR apartment units. Leasing of new complexes will take place as each complex nears completion of construction. See future complexes with BMR units listed below.

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.

For new projects information on the BMR program and participating apartment complexes, see below or contact the City of Pleasanton Housing Division , (925) 931-5011  200 Old Bernal Avenue, Pleasanton, CA 94566.

Future Developments

The following development, which is currently under construction, has an agreement with the City to provide future Below Market Rate Rental units.  To be notified of when and where to get an application for this development, sign up on the:

Housing Interest List

 

Development / Developer Location Total Units BMR Units

BMR Income Limit

Unit Mix  ADA/Disabled Accessible Notes
Essex Hacienda             Gibraltar Dr./ Hacienda Dr. 251 38  50% AMI Studio, 1, 2, 3BR The pre-application will not be available until January 2017          

Applying

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.

 

 

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 116-121 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