270 Valencia Street

270 Valencia Street Unit 201
San Francisco, CA, 94103
Units: 1
Estimated price: $456,896
90 - 100% AMI
Available
Available in 2018

Selling Price

$456,896

Neighborhood and Map

Mission   Map it!

Number of Bedrooms

2

Number of Bathrooms

1

Square Footage

816

Year Built

2006

Appliances Included in the Sale of the Unit  

Washer/dryer, refrigerator, stove

Building Amenities

Common courtyard

Parking

1 garage space

Monthly Homeowner Dues

$712.54

What the HOA Dues Cover

Water, hot water, heat, building maintenance, master insurance policy, reserves

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

To review the Covenants, Conditions & Restrictions for this building, please click here:  270 Valencia CC&R's

Income Level of Applicants

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

 

100% of Maximum Income by Household Size derived from the Unadjusted Area Median Income (AMI) for HUD Metro Fair Market Rent Area (HMFA) that contains San Francisco 2018

Household Size

Maximum Income at 100% of AMI

Minimum 2

 

2

$94,700

3

$106,500

4

$118,400

5

$127,850

6

$137,350

7

$146,800

(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 down payment assistance. All MOHCD Participating Lenders should explore down payment and grant 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)

Jim Touchstone or Scott Romesburg

Phone

415-602-2900

Email

JT@vanguardsf.com , ScottR@vanguardsf.com

Website

JImTouchstone.com

How to Obtain an Application

Contact realtor or download from MOHCD website by clicking here.

 

Application deadline has pasted.

 

First Come, First Serve

05/24/2018 by 5pm (date has pasted)

First Come, First Serve applications will be accepted beginning 7/10/2018 at 8am PST via secure email link: click here

Upload a complete package as one PDF file via the secure link, click here.

 

Address to which application should be mailed or delivered

Office: Vanguard Properties

Realtor Name: Jim Touchstone

Address: 555 Castro Street

San Francisco, Ca 94114

Attn: BMR Unit(s)

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

 

For Delivery, Office Hours are:  M-F 9AM-6PM, Sat & Sun 10AM-4PM

First Come, First Serve

**Lottery has passed – applicants are being accepted first come, first serve beginning July 10, 2018**

 

Upload a complete package as one PDF file via the secure link, click here.

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 realtor, Scott Romesburg, 415-602-2900 to arrange a showing

 

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) 602-2900
Address: 
Vanguard Properties / Jim Touchstone
555 Castro Street
San Francisco, CA, 94114

Neighborhood

The Mission District.