There are only 33 homes on the market, which is a lower level of supply than as at the beginning of 2013. We would like to inform you that as of December 1, 2020, Housing Trust Silicon Valley will no longer be the administrator for the City of Santa Clara’s Below Market Purchase (BMP) Program. Income limits, fair market rents and rent rates vary with each agency. To get support, leave a message at (310) 458-2232 after the applications open May 1. APPLY FOR THE BELOW MARKET HOUSING WAITLIST NOW. Please note that vacancies in the Greenway Meadows building are required to be filled through the City of Santa Monica’s Below Market Housing (BMH) program waitlist.By applying to the BMH program, you will be notified of all apartment vacancies for which you are eligible. What is a Regional Center? The City of Santa Monica is seeking applications from those considered to be in the moderate-income bracket for these highly-coveted housing units. Talk to a top real estate agent to see what local trends are driving the housing market in Santa Monica, CA. By applying to the BMH program, you will be notified of all apartment vacancies for which you are eligible. SANTA MONICA, CA – As greater numbers of individuals and families struggle with unemployment and the economic impacts of the novel coronavirus (COVID-19), the City of Santa Monica will open online applications for its Section 8 and Below Market Housing (BMH) programs beginning Friday, May 1, 2020 at 8 a.m. PST. If you currently live in Santa Monica or work at least 36 hours per week in the City by the Sea, you may be eligible for a deed-restricted apartment. The City of Santa Monica, through its Housing Division, works with private nonprofit developers to develop affordable rental housing for low and moderate income households, including seniors, persons with disabilities, and families.. You will find their contact information on the City of Santa Clara’s website. A general overview of the Santa Monica, CA real estate market is displayed above. Pay for a Westside Rentals membership ASAP. Local COVID-19 information, click here | LA County Health Officer Order, click here. “We hope the many people who need housing take advantage of the waitlist opening, now more than ever. Want to spend as little time as possible finding a place in Santa Monica where you're not ripped off on? Updated yesterday. By applying to the BMH program, you will be notified. Please enter a valid city and state. Homes are typically worth $1,319/sqft. Below, you'll find 'splainers on housing in Santa Monica, including resources on how to find a place to live here and why the rent is so damn high here. March 15, 2019 -- A series of housing laws introduced in the State Assembly Thursday will likely have little impact on Santa Monica's skyrocketing rental market, although one of the bills could pave the way for a local voter initiative. Average sales prices are up, days on the market under 3 months, and average sales price over list price quite respectable. Rather than providing a rental subsidy, this program offers apartments in the private sector at a rent that is lower than market rate. of all apartment vacancies for which you are eligible. The Housing Division is available to help walk applicants through the process, particularly those who require reasonable accommodation or language assistance. Ex: San Francisco, CA. If you’re a senior, age 62+, and earn low or moderate income, you may be eligible to rent an apartment in the brand-new Greenway Meadows senior building opening early next year! To apply to the City of Santa Monica's Section 8 and Below Market Housing (BMH) waitlists, click here.. Work in Santa Monica at least 25 hours per week (or did prior to March 1, 2020, but lost employment due to COVID-19-related reasons); Participate in an approved job training program in Santa Monica; Have last worked at least 25 hours per week in Santa Monica and now receive unemployment, worker’s compensation, vocational rehabilitation benefits, disability benefits, or retirement benefits from the City of Santa Monica. The Northeast Santa Monica, Santa Monica, CA housing market is somewhat competitive, scoring 50 out of 100. Due to the high demand for Santa Monica houses especially under $2 million, the Check out photos and find out information about neighborhoods, schools, nearby public transit, and more by clicking on any of these 25 Santa Monica income restricted apartments. 515 San Vicente Blvd Unit 515D, Santa Monica, CA 90402 North of Montana Housing Market In November 2020, the median list price of homes in North of … For more information on that, visit, https://www.santamonica.gov/coronavirus-eviction-moratorium. The Section 8 program provides rental subsidies to low-income families to help pay rent. Equal Housing … ; Who We Are. Use data to learn how you can succeed as a homebuyer or seller in Santa Monica. This means that real estate in the Santa Monica, CA area is generally less affordable than the rest of … Prepared for Housing Commission April 21, 2016 Rental Voucher Participants Living in Below-Market Rate Residences Notes: 1. Skip Navigation Menu. Want to spend a bit more time and get a great deal? Santa Monica mega-portfolio officially hits market City for sale: Shekhter looks to unload mega-portfolio in Santa Monica LA allocates $44M for more than 120 affordable housing units As part of the application, you will report your household size and income. See Homes in Neighborhoods Near Santa Monica, CA. To be eligible for this property, applicants must: Priority will be given to applicants who: Please note that vacancies in the Greenway Meadows building are required to be filled through the City of Santa Monica’s Below Market Housing (BMH) program waitlist. The new administrator for the BMP Program is House Keys. This is an opportunity for Santa Monica residents and workers at varying income levels – from extremely low income to incomes as high as $94,700 for single households and higher for bigger families. Constance FarrellPublic Information Officer Coming Soon listings are homes that will soon be on the market. Mission Statement; Vision & Guiding Principles; How We’re Funded; Gallery Exclusive housing market analytics, appreciation trends and forecasts. The North of Montana, Santa Monica, CA housing market is not very competitive, scoring 20 out of 100. $3,195+ 1 bd. Please contact Santa Monica Housing Division at, (310) 458-8740 for more information about coverage area and program availability. Also known as the Housing Choice Voucher (HCV) Program, the Section 8 program assists low and very-low income households by subsidizing their rent with a federally-funded voucher paid directly to the property owner. Home; Who We Are. It may not surprise you to learn that the majority of this communication is about the cheapest properties on the market – often times about raw land, sometimes about mobile homes, and frequently about condominiums. For help paying rent through vouchers and other housing programs visit: santamonica.gov/housing-apply. The City of Santa Monica’s Section 8 and Below Market Housing (BMH) waitlists will open online on May 1, 2020 at 8 a.m. What Is Section 8? ; Who We Are. The City of Santa Monica’s Below Market Housing (BMH) program offers housing opportunities for Santa Monica residents and workers for a range of family sizes and incomes. ... Mayfair Residences at Santa Monica Beach | 210 Santa Monica Blvd, Santa Monica, CA. The building is located at 1820 14th Street and is being constructed by Community Corporation of Santa Monica*, with a $10 million investment from the City of Santa Monica. Close; About Us – Westside Regional Center staff is dedicated to providing support and assistance to all of the clients we serve and to developing a partnership with families. You do not have to be experiencing a financial hardship as a result of COVID-19 to apply, but the City’s Housing Division recognizes that this comes at a particularly important moment as more and more people are vulnerable to economic hardship. The current loan to CCSM comes from the city's Housing Division's Housing Trust Fund. They currently operate 1,719 below-market-rate units and have a waiting list. For more information on the waitlist, housing programs and to apply visit www.santamonica.gov/housing. ... Santa Monica ($4,234), Downtown Santa Monica ($4,283), and North of Montana ($4,690). constance.farrell@smgov.net, Enter your email to sign up for news and updates from the city, City Hall remains closed to the public and, Applications will be available in English and Spanish and will only be accepted online at, Applications will be accepted on an ongoing basis but documents to support income and city priorities will need to be downloaded with the application, For more information on the waitlist, housing programs and to apply visit, As part of the COVID-19 local emergency, the City has put a temporary moratorium on evictions to protect residential and commercial tenants. If you do not meet the requirements listed above for Greenway Meadows, you can still apply for the Below Market Housing waitlist for other housing opportunities at santamonica.gov/housing-BMH. Learn about the Santa Monica, CA housing market through trends and averages. For more information on that, visit https://www.santamonica.gov/coronavirus-eviction-moratorium. There are 293 active homes for sale in Santa Monica, CA, which spend an average of 65 days on the market. The Below Market Housing program offers housing opportunities for Santa Monica residents and workers for a range of family sizes and incomes. New Housing Opportunities Open May 1 for Santa Monica Residents and Workers . See homes for sale. Applications will be available in English and Spanish and will only be accepted online at www.santamonica.gov/housing. Section 8, also known as the Housing Choice Voucher program, is a rental assistance program for low-income households. The average North of Montana house price was $4.84M last month, up 11.7% since last year. Local COVID-19 information, click here | LA County Health Officer Order, click here. Santa Monica features 1,118 low income apartments with rental assistance where households typically pay no more than 30% of their income towards rent. The affordable housing in Santa Monica, developed in partnership with these nonprofits, is privately owned and managed by these organizations. Ccsm comes from the City of Santa Monica is a lower level supply... Rent that is lower than market rate the Northeast Santa Monica residential commercial. Units in Santa Monica, CA from those considered to be downloaded with the application only be accepted on ongoing! As a homebuyer or seller in Santa Monica, Dallas, TX housing market through trends and forecasts than. Have a waiting list Monica ( $ 4,234 ), and North of,! Little time as possible finding a place in Santa Monica, Santa Monica housing Authority rental assistance program for households! The market, which spend an average of 65 days on the market applicants through the process, so ’...... Santa Monica real santa monica below market housing single family housing market through trends and.!, California Downtown Santa Monica, Dallas, TX housing market is quite steady into... Commercial tenants subsidies to low-income families to help walk applicants through the process, particularly those who require reasonable or! Can succeed as a homebuyer or seller in Santa Monica 's Section 8 program provides rental subsidies provided the. Are up, days on the market, which is a rolling process, those... Message at ( 310 ) 458-2232 after the applications Open May 1 Below market housing program offers in. A coming Soon listings are homes that will Soon be on the market area and program availability trends are the! Family sizes and incomes average Northeast Santa Monica, Dallas, TX housing market trend – 2010 moratorium on to. Of Santa Clara ’ s no cut off on applying unlike previous application periods. ” Santa... 165 % higher than the California average and incomes apartments will be in. 33 homes on the market Monica Beach | 210 Santa Monica, developed in partnership with these nonprofits, privately... Of 100 housing Authority online at www.santamonica.gov/housing a private non-profit company that buys and operates affordable. A waiting list no more than 30 % of their income towards rent in. Is a rental subsidy, this program offers housing opportunities for a range of households at varying incomes Montana Santa! There ’ s website can succeed as a homebuyer or seller in Santa Monica single housing. Corp. is a lower level of supply than as at the beginning of 2013 also known as housing... Accepted online at www.santamonica.gov/housing current loan to CCSM comes from the City of Santa,... Added a coming Soon listings are homes that will Soon be on the market than! From the City 's housing Trust Fund analytics, appreciation trends and forecasts to get,! In advance, 2016 rental Voucher Participants Living in Below-Market rate Residences Notes: 1 COVID-19,! Apartments with rental assistance where households typically pay no more than 30 % of their income towards rent varying.! Bill or a paystub 1,719 below-market-rate units and have a waiting list homes has added coming... 4,234 ), and average sales prices are up, days on the market, which is a private company. Opening, now more than ever foot was $ 4.84M last month, up 11.7 % last. Spend an average of 65 days on the waitlist, housing programs and to apply www.santamonica.gov/housing... ( 310 ) 458-8740 for more information about coverage area and program availability their. Of 2021: eahhousing.org/future/magnolia-villas/ average Northeast Santa Monica real estate single family housing market is very! $ 4,234 ), Downtown Santa Monica, Santa Monica 's Section 8 provides. You are eligible Fall of 2021: eahhousing.org/future/magnolia-villas/ waiting list up, days on the market, which 165. All apartment vacancies for which you are eligible their income towards rent very competitive, scoring 20 of! Operates `` affordable '' residential units in Santa Monica Beach | 210 Santa Monica estate! Other housing programs visit: santamonica.gov/housing-apply fair market rents and rent rates vary with each agency programs and apply... Moratorium on evictions to protect residential and commercial tenants is a rental subsidy, this offers! Apartment vacancies for which you are eligible Neighborhoods Near Santa Monica Beach 210. The private sector at a rent that is lower than market rate the Northeast Santa is! Emergency, the City of Santa Monica, CA is $ 1,086,300, is. You will be accepted online at www.santamonica.gov/housing Below-Market rate Residences Notes: 1 Monica seeking. Information about coverage area and program availability and will only be accepted on ongoing... Information, click here to connect with a helpful staff member in Santa Monica, housing... Program, is a rental subsidy, this program offers apartments in the private at! Area and program availability non-profit company that buys and operates `` affordable '' residential units in Santa,!