BOSAequity™ is the first program of its kind, an innovative concept geared to help tenants become homeowners. It’s a way to build homeowner equity — even while you’re renting.

So how does that work?

Rent an apartment at a Bosa Properties or BlueSky Properties rental building, and each month up to 15% of your rent accrues as BOSAequity™. This equity can be put towards a down payment in a future Bosa Properties or BlueSky Properties new home purchase, to a maximum of 3% of the value of the home.

BosaEquity Infographic

Show me the math, please.

Let’s say your rent is $1,600 a month. Of that, $240 can go toward the purchase of a new Bosa or BlueSky home. After 24 months you’ve got $5,760 in equity. Nice!

Keep going; we’ll credit you up to a maximum of 3% of the new home’s price. So if you’ve got your eye on a home that’s $300,000, the maximum BOSAequity™ credit you can use is $9,000. And that would take you just about 3 years to save if your rent is $1,600.

BosaEquity Chart

Is it a bank account?

No. It’s just an accounting of the rent you’ve paid, kind of like a loyalty program that tracks what you spend with us. In some ways it’s better than a bank account, because you can’t use it to splurge on a vacation or new bike.

And when I’m ready to buy my own place?

When your tenancy is over, you’ll receive a BOSAequity™ statement that shows the total savings available if you want to purchase a new Bosa Properties or BlueSky Properties home. You have 24 months to use that credit.

Why would we do this for tenants?

Because buying a home is a significant investment. We understand that it’s hard to save up and still have a life, so we want to lend you a hand.

Renting
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Home Ownership Within Reach

*Some restrictions apply. Please contact a Bosa Properties or BlueSky Properties representative for further details. BlueSky Chinatown is developed by Bosa Blue Sky Properties (Main) Inc. The Developer reserves the right to make changes to the information contained herein at any time. E.&O.E.