2025 Kala Bagai Way - 508 , Berkeley, CA 94704
2025 Kala Bagai Way - 508 , Berkeley, CA 94704
BMR (Below Market Rate Unit) Rise at Berkeley! **Please see income requirements/restrictions
Studio @ 359 square feet
Rent: $1363
Utility Allowance: $32 for PG&E
Furnished: NO
*****Below market rate unit:*****
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, is $54,500 per year combined for all household members. *Please note, this unit is available for move in now until 45 days.
At RISE at Berkeley, our studio floor plan provides everything you could need. Every apartment home for rent features a kitchen equipped with appliances to accommodate your meal preparation, and air conditioning and heating ensure your comfort all year round. A stylish kitchen and wood-like flooring bestow a modern décor and there is In-unit washer and dryer make your laundry day a breeze.
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, is $54,500 per year combined for all household members.
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 ($3,125 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.
Important Information: Details about the Below Market Rate / Inclusionary Housing program can be found and/or verified here: https://www.cityofberkeley.info/BMRrentalownerspropertymanagers.aspx. Our touring agents will only have the information shown in the ad available at the time of showings. Please reference the City of Berkeley website above for questions about the program. They are available for questions about the program at affordablehousing @ cityofberkeley.info .
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. There are often many more applicants than there are units available, unfortunately. Please be understanding and cooperative with our team. If we do not notify you within 10 days of the open house date, your application was NOT selected in our random selection and our approval process.
Because of the high volume of visitors, please remit questions via email instead of during open houses, to affordable@sgrealestateco.com.
Fair Housing: In accordance with the federal Fair Housing Act and other applicable laws and statutes, we have a responsibility and obligation under law to never discriminate in the rental of property on the basis of race, color, religion, sex, handicap, familial status, or national origin. Furthermore, we will not establish discriminatory terms or conditions in the purchase or rental of housing, deny that housing is available, or advertise that the property is available only to persons of a certain race, color, religion, sex, handicap, familial status, or national origin.
Rent: $1363
Utility Allowance: $32 for PG&E
Furnished: NO
*****Below market rate unit:*****
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, is $54,500 per year combined for all household members. *Please note, this unit is available for move in now until 45 days.
At RISE at Berkeley, our studio floor plan provides everything you could need. Every apartment home for rent features a kitchen equipped with appliances to accommodate your meal preparation, and air conditioning and heating ensure your comfort all year round. A stylish kitchen and wood-like flooring bestow a modern décor and there is In-unit washer and dryer make your laundry day a breeze.
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, is $54,500 per year combined for all household members.
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 ($3,125 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.
Important Information: Details about the Below Market Rate / Inclusionary Housing program can be found and/or verified here: https://www.cityofberkeley.info/BMRrentalownerspropertymanagers.aspx. Our touring agents will only have the information shown in the ad available at the time of showings. Please reference the City of Berkeley website above for questions about the program. They are available for questions about the program at affordablehousing @ cityofberkeley.info .
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. There are often many more applicants than there are units available, unfortunately. Please be understanding and cooperative with our team. If we do not notify you within 10 days of the open house date, your application was NOT selected in our random selection and our approval process.
Because of the high volume of visitors, please remit questions via email instead of during open houses, to affordable@sgrealestateco.com.
Fair Housing: In accordance with the federal Fair Housing Act and other applicable laws and statutes, we have a responsibility and obligation under law to never discriminate in the rental of property on the basis of race, color, religion, sex, handicap, familial status, or national origin. Furthermore, we will not establish discriminatory terms or conditions in the purchase or rental of housing, deny that housing is available, or advertise that the property is available only to persons of a certain race, color, religion, sex, handicap, familial status, or national origin.
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