Affordable Rental Unit (Small Sites): 2840 Folsom Street, Units 2846 and 2848

Updated Posting Date

September 9, 2016

Type of Unit

Affordable Rental Units, Small Sites Program

 

Address

2840 Folsom Street

Unit Numbers

Unit 2846 at 130% AMI

Unit 2848 at 120% AMI

Number of Bedrooms

2BR

Neighborhood

Mission

Square Footage

1200 (Estimated)

Year Built

1904

Rent

 Unit 2846 at $2,962;  Unit 2848 at $2,740

Maximum Allowable Income Level of Households

120% of Area Median Income by Household Size derived from the Unadjusted Area Median Income (AMI) for HUD Metro Fair Market Rent Area (HMFA) that contains San Francisco 2016

A three person household can make no more than $116,350

A four person household can make no more than $129,250

A five person household can make no more than $139,550

 

130% of Area Median Income by Household Size derived from the Unadjusted Area Median Income (AMI) for HUD Metro Fair Market Rent Area (HMFA) that contains San Francisco 2016

A three person household can make no more than $126,035

A four person household can make no more than $140,010

A five person household can make no more than $151,190

 

Minimum Allowable Income Level of Households

Rent must be equal or less than 45% of applicant household’s gross monthly income.

 

Minimum Household Size

3

 

Maximum Household Size

5

Children under age 6 do not count toward the occupancy limit.  Household must meet occupancy standards.

Building Selection Criteria

In addition to qualifying under the rules of the Small Sites Program, applicants must qualify under the house rules of the Pigeon Palace Affordable Housing Corporation.

 

Building Selection Criteria:

Ability to pay rent standard – Rent cannot exceed 45% of gross monthly income.

Credit Standard – no existing delinquencies or accounts in collection within last one year.

Rental History Standard – no previous evictions in the last 3 years.

Criminal History Standard – Qualified applicants with criminal history will be considered for housing in compliance with Article 49 of the San Francisco Police Code, “The Fair Chance Ordinance.”

 

Deposit Required for Move-in

 

Unit 2846 = $3,062

Unit 2848 = $2,840

Which, if any, utilities are paid by the building?

Water, sewer, garbage and recycling

How are utilities paid by the renter?

Renter pays own utility bills directly.

 

Other fees and/or building rules

 

Late Fees: Resident must pay a late rent charge of  $25 per each 10 days the rent is late commencing on the date on which the delinquent amount is due. 

Contact Person

Keith Cooley

Phone

415-399-0943

Email

housing@sfclt.org

Website

www.sfclt.org

How to obtain an application

Email housing@sfclt.org or download from www.sfclt.org or from MOHCD.org

Pre-application training dates

Optional SFLCT Information Session: Tuesday 8/23/16,  [6:30-8:30 pm/ MEDA 2301 Mission St #301, San Francisco, CA 94110] and Saturday 8/27/16,  [10:30-12 pm/MEDA 2301 Mission St #301, San Francisco, CA 94110]

 

Open House Dates

Saturday, 8/20/2016 3pm – 4pm

Thursday 8/25/2016 4:30 pm – 5:30 pm

 

Application Deadline:

August 29, 2016 by 5pm

 

Applications must be received in paper form (no faxes or emails) by 5pm on August 29, 2016 or earlier, regardless of postmark date.

Address to which application should be delivered

San Francisco Community Land Trust

21 Columbus Avenue #231

San Francisco, CA 94111

Attn: 2840 Folsom St. Application

 

OR

 

Applications can be dropped off SFCLT’s Offices, Monday-Friday 10am-5pm.

Lottery Results 


Assigned Ticket # LOTTERY RANK
1312693     1
1312706     2
1312696     3
1312694     4
1312705    5
1312682    6
1312700    7
1312703    8
1312710    9
1312689   10
1312699   11
1312702   12
1312704   13
1312681   14
1312707   15
1312695   16
1312711   17
1312690   18
1312683   19
1312708   20
1312680   21
1312685   22
1312697   23
1312701   24
1312709   25
1312698   26
1312688   27
1312684   28
1312691   29
1312687   30
1312692   31
1312686   32

Thursday September 8, 2016 at 1:30PM

Location: MOHCD, 1 South Van Ness, 5th Floor

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 total units in this project (1 unit). 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.

 

Special Note(s)

Units available Oct 15, 2016. More information available on request.