BMR LEP Resale - 1780 Bancroft Avenue, Unit 521

Posting Date

February 1, 2018

**Updated 3/2/2018 with Lottery Results**


Limited Equity Homeownership Program

Type of Unit

Townhouse - (Armstrong Townhomes)


Unit Address

1780 Bancroft Avenue, Unit 521

San Francisco, CA 94124

Selling Price


Neighborhood and Map

Bayview (Map it!)

Number of Bedrooms


Number of Bathrooms


Square Footage

Approx.  1,310  sq. ft.

Year Built


Appliances Included in the Sale of the Unit 

Stove/oven, refrigerator, microwave, and washer/dryer

Building Amenities

deck,  fitness room, playground in a parklike setting, community room, secured underground parking


1 space (#44)

Monthly Homeowner Dues


What the HOA Dues Cover

water, trash, common area insurance, and common area maintenance, parking spot

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

To review the Covenants, Conditions & Restrictions for this building, please request from Realtor/Sales Agent.

Income Level of Applicants

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


110% 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 2017

Household Size

Maximum Income at 110% of AMI











(Households must be at least as many people as bedrooms in the unit. Please visit 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 for a schedule of upcoming classes. 


Verification of Homebuyer Education Completion 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.


This unit was formerly managed under the San Francisco Redevelopment Agency Limited Equity Program (LEP) and subject to the asset test below. Qualified retirement accounts (such as IRA, 401K, 403B) will not be counted toward an applicant’s income unless a portion is being used toward the down payment.

The first $15,000 of household assets is excused; 10% of all assets between $15,001 and $100,000 will be added to the total household income; and 35% of assets above $100,001 will be added to the total household income.


Contact Person (Realtor/Sales Agent)

Salynah Li CalBRE#01271920 - Sequoia Real Estate

Stephanie Mates CalBRE#01953347- Sequoia Real Estate


Office: 415-702-9184

Cell: 415-570-9176



How to Obtain an Application

Contact realtor or download from MOHCD website by clicking here.


Application deadline

02/22/18, 5pm

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

Sale Office Hours: 9 am- 5 pm

Address to which application should be delivered

Office: Sequoia Real Estate

Realtor Name: Stephanie Okabe Mates

Address: 3595 Balboa Street

City/State/Zip Code: San Francisco, CA 94121

Attn: BMR Unit(s)

Applications must be received by the deadline. Postmarks will not be considered.


For Delivery, Office Hours are: 9 am-5 pm

Lottery Date, Time, Location and Results

Date: 03/01/18

Time: 3 pm


Mayor’s Office of Housing and Community Development

1 South Van Ness Avenue, 5th Floor

SF, CA 94103


Click HERE for results


1780 Bancroft Avenue, Unit 521

Lottery Date 3/1/2018

Assigned Ticket #









Total of 3 Tickets

3 Live or Work


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:


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:


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

 Open Houses:  02/03/18 (10 am-12 pm); 02/04/18 (1-3 pm); 02/07/18 (5-7 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 Limited Equity Program Loan Disclosure Information 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. Please review Limited Equity Program Loan Disclosure Information for specific information.