1220 La Playa Street, Unit 208

1220 La Playa Street
San Francisco , 94122
Units: 1
Estimated price: $410,828
120% AMI
Available
Available in 2017

Posting Date

November 1, 2017

Program

Below Market Rate Inclusionary Housing Program

(Click here for program information)

Type of Unit

Condominium Unit

Unit Address (including city/state/zip code)

1220 La Playa Street, Unit 208, San Francisco CA 94122

Selling Price

$410,828

Neighborhood and Map

Sunset District:

(MapIt!)

 

Number of Bedrooms

2

Number of Bathrooms

1

Square Footage

854

Year Built

1961

Appliances Included in the Sale of the Unit 

Refrigerator, Stove

Building Amenities

None

Parking

1

Monthly Homeowner Dues

$284.50 per month

What the HOA Dues Cover

Water, Garbage, Exterior Maintenance

Covenants, Conditions & Restrictions (“CC&R’s”) for the building

To review the Covenants, Conditions & Restrictions for this building, please email listing agents for disclosures.

Income Level of Applicants

Applicants must make no more than the following amounts per household:

120% of Unadjusted Area Median Income (AMI) for HUD Metro Fair Market Rent Area (HMFA) that contains San Francisco 2017Household Size Maximum Income at 120% of AMI

                                                            2  $110,700

3              $124,500

4              $138,350

5              $149,400

6              $160,500

 

 (Households must be at least as many people as bedrooms in the unit. Please visit www.sfmohcd.org for larger households.)

Other Qualification Notes

Applicants must secure a loan preapproval and a final loan through a MOHCD Participating Lender who have an “X” marked under BMR.

 

All titleholders/borrowers must complete a first-time homebuyer workshop through one of the City’s 5 approved first-time homebuyer counseling agencies in order to apply. Please visit http://homeownershipsf.org/workshops for a schedule of upcoming classes. 

 

Verification of Homebuyer Education Completion or Certificate of Homebuyer Education from a MOHCD approved first-time homebuyer workshop is required.  Verification of Homebuyer Education Completion is valid for 1 year from the date of issuance.

A copy of the mortgage loan pre-approval and homebuyer counseling certificate for every adult household member on loan and title to the BMR unit must be included with the BMR application.

 

Applicants are encouraged to apply for downpayment assistance through the following programs.

 

 

  • Federal Home Loan Bank’s WISH program provides up to $15K in matching funds for down payment assistance.  Please ask your mortgage lender.

 

All MOHCD Participating Lenders should explore these options with BMR buyers.

Households must be as many people (or more) as number of bedrooms in the unit to apply.

See other qualification rules in the City and County of San Francisco Inclusionary Affordable Housing Program Monitoring and Procedures Manual 2013.

Contact Person (Realtor/Sales Agent)

Juanita Leung and David Chan

 

Phone

415-994-6587 and 415-606-4448

Email

juanitaleung88@gmail.com and davidchan.realtor@gmail.com

Website

 

How to Obtain an Application

Contact realtor or download from MOHCD website by clicking here.

Application deadline

November 22, 2017, 5pm

Note: Applications must be received in the sales office by 5pm on the day of the application deadline.

Sale Office Hours:

Address to which application should be mailed or delivered

Office: Berkshire Hathaway Home Services California Realty

Realtor Name: Juanita Leung and David Chan

Address: 1430 Taraval Street

City/State/Zip Code: San Francisco CA 94116

Attn: BMR Unit(s)

Applications must be received by the deadline. Post-marks will not be considered.

 

For Delivery, Office Hours are: 9-5 pm

Lottery Date, Time and Location

Date: November 30, 2017

Time: 3 pm

Location:

Mayor’s Office of Housing and Community Development

1 South Van Ness Avenue, 5th Floor

SF, CA 94103

Lottery preferences

All individuals and households may enter the lottery for a BMR unit.

 

However, those households in which one member holds a Certificate of Preference (COP) from the former San Francisco Redevelopment Agency will be given highest preference in the lottery ranking process. More information about the COP Program can be found here: http://sfmohcd.org/certificate-preference.

 

Households in which one member holds a Displaced Tenant Housing Preference (DTHP) Certificate from the Mayor’s Office of Housing and Community Development will be given second highest preference in the lottery ranking process, for up to 20% of the units in projects with at least 5 affordable units. DTHP certificate holders will also be included in the live/work preference regardless of their current live/work location. More information about the DTHP Program can be found here: http://sfmohcd.org/displaced-tenant-housing-preference-program-0.

 

Households that submit acceptable documentation that at least one member lives or works in San Francisco will be given the third highest preference in the lottery ranking process.

 

If the number of units available exceeds the number of qualified applicants in the above listed preference, the units will become available to other qualified applicants outside of San Francisco. Applicants in each preference category must meet program requirements in order to complete the sale or rental.

 

For more information about the lottery process and housing preferences, please refer to the MOHCD Housing Preferences and Lottery Procedures Manual.

Open Houses

11/11/17  2-4 pm

11/12/17  2-4 pm

11/14/17 5-6:30 pm

Special Note(s)

View this unit on the public Multiple Listing Service and on Craig’s List.

Procedures Manual

All potential buyers must review the Inclusionary Housing Procedures Manual that governs this property. 

Re-pricing Mechanism

A BMR unit will be resold at a restricted price to a household that meets the first‐time homebuyer and income qualifications for the program.  Upon resale, the unit will be repriced based on the change in median income over time. Please review Guidelines for Re-pricing BMR Units for specific information.

Contact Info

Phone: 
(415) 994-6587
Address: 
Berkshire Hathaway Home Services California Realty - Juanita Leung and David Chan
1430 Taraval Street
San Francisco, CA, 94116

Neighborhood