|Below Market Price (BMP) Housing Program
When new developments are approved by the Town, the Below Market Price (BMP) Housing Ordinance adopted in 1979 requires developers to offer a minimum percentage of the units so they are affordable to lower and median income households.
Neighborhood Housing Services Silicon Valley (NHSSV) is the contract administrator for the Los Gatos Below Market Price (BMP) Housing Program. NHSSV coordinates the buyer qualification and selection process for both new and resale BMP ownership units and conducts the annual monitoring and tenant verification for BMP rental units. For more information, please contact Neighborhood Housing Services at (408) 279-2600.
For current BMP owners or renters, please contact Christina Dimas at (408) 579-6508 or email .
For interest in future BMP units or rentals, please contact Mandy Israde at (408) 579-6508 or email .
Town of Los Gatos BMP policy