Inspired Retirement Living
Now more affordable at Moldaw Residences.
Moldaw Residences, Palo Alto’s most unique senior living community, is pleased to be a participant in the City of Palo Alto’s Below Market Rate (BMR) Program, making our community more accessible to all seeking a vibrant and inspired retirement lifestyle. Below Market Rate is not a low-income housing or a subsidized program, but is designed for people with a more moderate asset base and income.
The BMR program requires an entrance fee along with a monthly service fee. Fifty percent of the entrance fee is returned to you or the estate after vacating and leaving our campus and a new resident closes on the apartment. There are no real estate-related commissions or property taxes involved. This is not a sale of deeded property. You don’t need to be a resident of Palo Alto to apply for this program.
Asset and Income Qualifications
*depending on size of residence
- Total assets between $550,000 and $1,200,000. Net value of your home is included.
- Annual income between $40,000 and $88,200 ($100,800 for a couple).
Limited inventory available.
Call today at 650.433.3629 to learn more.
Contact us to schedule a tour of independent living at Moldaw Residences.