City of Pleasanton Below Market Rental Opportunities

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Affordable Rental Housing Initiatives in Pleasanton Encouraging the Construction of Below-Market Rental Housing Looking for affordable rental housing in the City of Pleasanton? You're in luck! The city actively promotes the development of below-market rental housing by providing special considerations for projects that offer rental apartments at affordable rates. Expanding Access to Affordable Housing Since the mid-1980s, Pleasanton has seen a significant increase in the availability of below-market rental (BMR) apartments. These initiatives have led to the construction of nearly 1,000 BMR units, making affordable housing more accessible to the community. One notable project, "The Kensington," developed by Greenbriar Homes in 2002, offers 31 BMR units as part of their 100-unit complex. Introducing Stoneridge Station: A Beacon of Affordable Housing In 2008, the City of Pleasanton approved an exciting new project by Windstar Communities called "Stoneridge Station." This 350-unit complex, conveniently located near the future BART station, will revolutionize the availability of affordable housing in the area. Out of the 350 apartments, 70 units will be allocated for very low-income households, enabling more individuals and families to secure a safe and affordable place to call home. Construction is set to commence soon, catering to the ever-growing demand for affordable rental options. Discover More Options Interested in exploring all current below-market rental apartments in Pleasanton? Check out the city's official website for a comprehensive list of available units. By allowing special considerations for projects that provide below-market rent levels, the City of Pleasanton aims to create a supportive and inclusive community for all residents. Large Apartment Complexes with Affordable Options Pleasanton prides itself on providing a range of affordable housing choices. Four of the city's largest apartment complexes participate in a regulatory agreement with the City. This agreement ensures that a portion of their units are dedicated to offering rents lower than market rates. To learn more about these sought-after below-market rental (BMR) apartments, contact the City's Housing Division at 925-931-5007. Take Advantage of Affordable Housing Opportunities With the City of Pleasanton's commitment to affordable housing, residents can enjoy the benefits of well-designed, cost-effective living spaces. Whether it's through encouraging new developments or fostering agreements with apartment owners, Pleasanton continues to prioritize the creation of affordable rental housing options. Reach out today and discover how you can secure a place in this vibrant and inclusive community.