Current Listings: City Second Program

MAYOR'S OFFICE OF HOUSING AND COMMUNITY DEVELOPMENT 
AVAILABLE UNITS UNDER CITY SECOND LOAN PROGRAM
Updated June 23, 2017

The City Second Loan Program holds a right of first refusal for the sale of this currently available market rate property.  If the property has accepted an offer, an “Offer Price” will be shown.  Under the rules of the program, on a first-come first-serve basis, the Program can then help a qualified buyer match that offer price by providing a City Second loan.  Note that the Program has a specified amount of time to find a buyer to replace the existing offer and purchase the property.  If that time expires, the seller can complete a sale with the buyer of their choosing.  If you are interested in this or any other City Second properties, please submit a PDF iconCity Second Loan Program Application- Pre Approval and contact Sonia.McDaniel@sfgov.orgIf the property is not yet in contract, the Offer Price field will be marked “TBD”.  Buyers who believe they are income qualified are encouraged to attend the listed open house, make an offer to the noted seller’s agent through their own real estate agent, and apply for the City Second loan per the link above.  For more detailed information about the City Second Loan Program, and City Second Loan Program down payment assistance please click here, or see the PDF iconCity Second Flyer.

 

Posting Date

6/20/2017 (Sale subject to 45 day Right of First Refusal)

Type of Unit

City Second Loan Program

 

Market Rate Program with no Resale Restrictions

Development Name

Garnett Terrace

Address

5 Garnett Terrace

# Bedroom

3

# Bathroom

2

Square footage

unknown

Maximum Income Level of Applicants

120% of Area Median Income

1 Person -$96,850

2 Person-$110,700

3 Person-$124,500

4 Person-$138,350

5 Person-$149,400

6 Person-$160,400

Asking Price

$799,000

Offer Price

(City Second borrower must be able to match the offer price)

TBD

Maximum City Second Downpayment Assistance Loan Amount

Up to $375,000 available for City Second Units only, please contact MOHCD

Minimum Downpayment Required Based on Offer Price

TBD

Parking

Attached Garage (1 car)

Monthly Homeowner Dues

$136

Contact Person:

Romunda Craft / Dorothy Moore

Phone:

415-342-5203 / 415-794-0887

Email:

info@craftmoore.com

MSL Link:

MLS#457793

Open House: 

Sunday 6/25/17 from 2:00 - 4:00pm or by appointment

Special Remark:

City Second Loan is available for qualified buyers on a first come, first serve basis. For more information please visit our website:  http://sfmohcd.org/city-second-loan-program

 

Posting Date

5/30/17 (Sale subject to 45 day Right of First Refusal)

Type of Unit

City Second Loan Program

Market Rate Program with no Resale Restrictions

Development Name

Parkview Heights HOA

Address

 

51 Littlefield Terrace, CA  94107  

# Bedroom

 

3

# Bathroom

 

1

Square footage

 

1109 sq ft

Maximum Income Level of Applicants

120% of Area Median Income

 

1 Person -$96,850

 

2 Person-$110,700

 

3 Person-$124,500

 

4 Person-$138,350

 

5 Person-$149,400

 

6 Person-$160,500

 

Asking Price

$899,000

 

Offer Price

(City Second borrower must be able to match the offer price)

$925,000

Maximum City Second Downpayment Assistance Loan Amount

Up to $375,000 available for City Second Units only, please contact MOHCD

 

Minimum Downpayment Required Based on Offer Price

Based on a 4-person household earning 120% of AMI and using the City Second loan amount of $375,000, the minimum downpayment from the household would be approximately $46,250.

Parking

 

1 deeded space

Monthly Homeowner Dues

$243

Contact Person (Only contact agent about this property):

Kim D. Nguyen

Phone:

 

415-244-8678

Email:

kimnguyen288@gmail.com

MSL Link:

MLS#: 454146

Open House: 

Saturday 4/29/17 and Sunday 4/30/17 from 2pm to 4pm

Special Remark:

 

City Second Loan is available for qualified buyers on a first come, first serve basis. For more information please visit our website:  http://sf-moh.org/index.aspx?page=747

 

Posting Date

5/24/2017 (Sale subject to 45 day Right of First Refusal)

Type of Unit

City Second Loan Program

 

Development Name

101 Valencia Residential Association

Address

 

1320 Stevenson St. #C106

# Bedroom

 

3

# Bathroom

 

1.5

Square footage

 

1153

Maximum Income Level of Applicants

120% of Area Median Income

1 Person -$96,850

2 Person-$110,700

3 Person-$124,500

4 Person-$138,350

5 Person-$149,400

6 Person-$160,400

Asking Price

 

$879,000

Offer Price

(City Second borrower must be able to match the offer price)

$995,200

Maximum City Second Downpayment Assistance Loan Amount

Up to $375,000 available for City Second Units only, please contact MOHCD

 

Minimum Downpayment Required Based on Offer Price

Based on a 5-person household earning 120% of AMI and using the City Second loan amount of $375,000, the minimum downpayment from the household would be approximately $49,760.

Parking

 

1 car in garage

Monthly Homeowner Dues

$536.00

Contact Person (Only contact agent about this property):

Angelo Cosentino

Phone:

 

415-298-9171

Email:

acosentino@paragon-re.com

MSL Link:

MLS#: 457991

Open House: 

5/13/2017 & 5/14/2017 2-4pm

Special Remark:

 

City Second Loan is available for qualified buyers on a first come, first serve basis. For more information please visit our website:  http://sf-moh.org/index.aspx?page=747

 

Posting Date

5/18/17 (Sale subject to 45 day Right of First Refusal)

Type of Unit

City Second Loan Program

Market Rate Program with no Resale Restrictions

Development Name

Garnett Terrace

Address

 

88 Garnett Terrace

# Bedroom

 

3

# Bathroom

 

2

Square footage

 

1559

Maximum Income Level of Applicants

120% of Area Median Income

1 Person -$96,850

2 Person-$110,700

3 Person-$124,500

4 Person-$138,350

5 Person-$149,400

6 Person-$160,400

Asking Price

$799,000

 

Offer Price

(City Second borrower must be able to match the offer price)

TBD

Maximum City Second Downpayment Assistance Loan Amount

Up to $375,000 available for City Second Units only, please contact MOHCD

 

Minimum Downpayment Required Based on Offer Price

TBD

Parking

 

Attached Garage, 1 Off Street

Monthly Homeowner Dues

$137

Contact Person (Only contact agent about this property):

Felicia Taylor

Phone:

 

510-812-1664

Email:

emails2felicia@gmail.com

MSL Link:

MLS#: 458063

Open House: 

May 21st 2-4pm

Special Remark:

 

City Second Loan is available for qualified buyers on a first come, first serve basis. For more information please visit our website:  http://sf-moh.org/index.aspx?page=747