Below Market Rent (BMR)

Below Market Rent (BMR) A subsidy in which rents are not geared to income, but rather are fixed at a rate below the average market rent. In Ottawa, affordable housing created through the Action Ottawa Program is defined as BMR, with average rents in a development fixed at a rate of 70% AMR.

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  • Progressive Nation Support
    Progressive Nation Support
    published this page in Glossary 2022-01-23 15:35:43 -0500

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