1647 18th Street

1647 18th Street
San Francisco, 94107
Units: 1
Estimated price: $542,888
110 - 120% AMI
Available
Available in 2017

Posting Date

July 24, 2017  

*Updated November 8, 2017 - new open house dates*

Applications are being accepted first come, first serve.

Program

Below Market Rate Inclusionary Housing Program

(Click here for program information)

Type of Unit

Condominium Unit

Unit Address (including city/state/zip code)

1647 18th Street, San Francisco, CA 94107

Selling Price

$542,888

Neighborhood and Map

Potrero Hill (Map it!)

Number of Bedrooms

1

Number of Bathrooms

1.5

Square Footage

776

Year Built

1995

Appliances Included in the Sale of the Unit  

refrigerator, stove, washer/dryer, dishwasher

Building Amenities

courtyard/walkway in back

Parking

1

Monthly Homeowner Dues

$537.74

What the HOA Dues Cover

building insurance, reserves, garbage, water, maintenance of common areas

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

To review the Covenants, Conditions & Restrictions for this building, please click here.

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 2017

Household Size

Maximum Income at 120% of AMI

1

$96,850

2

$110,700

3

$124,500

4

$138,350

 

(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.  Certificate of Homebuyer Education issued before May 1, 2015 is valid for 2 years from the date of issuance. Verification of Homebuyer Education Completion is valid for 1 year from the date of issuance. In the case of buyers receiving down payment assistance from the City, certificates must not be older than 6 months from the time of closing on the unit.

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.

  • Teacher Next Door Program (TND) for active educators serving the SFUSD.
  •  
  • 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)

Becky Layton, Pacific Union International

Phone

415-345-3040

Email

becky@beckylayton.com

Website

www.1647-18th.com

How to Obtain an Application

Contact realtor or download from MOHCD website by clicking here.

 

Application deadline

Applications are accepted first come, first served

Sale Office Hours: Monday to Friday, 9am-6pm

Address to which application should be mailed or delivered

Office: Pacific Union International

Realtor Name: Becky Layton

1699 Van Ness Ave

San Francisco, CA 94109

Attn: BMR Unit – 1647 18th Street

 

For Delivery, Office Hours are: Monday to Friday, 9am-6pm

Applications

Applications are accepted first come, first served. 

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

Please contact agent for an appointment to view the property.

Sunday, November 19, 2017 2:00 pm to 3:00 pm

Sunday, December 3rd 2:00 pm to 3:00 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.

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Contact Info

Phone: 
(415) 345-3040
Address: 
Pacific Union International - Becky Layton
1699 Van Ness Avenue
San Francisco, CA, 94109

Neighborhood