Current Listings: City Second Program

MAYOR'S OFFICE OF HOUSING AND COMMUNITY DEVELOPMENT 
AVAILABLE UNITS UNDER CITY SECOND LOAN PROGRAM
Updated February 14, 2017

The following units are currently available for sale, and in contract.  Please note through the Right of First Refusal, the City can elect an income qualified buyer with a matching offer.  These units are First Come First Serve.  If you are interested in any of these units, please submit PDF iconCity Second Loan Program Application- Pre Approval.pdf attention City Second Loan Program (Application) or contact Sonia.Mcdaniel@sfgov.org.  Click here to see City Second Program flyer PDF iconCity Second Flyer-61716.pdf. For detailed information about the City Second Loan Program, and details about the City Second Loan Program downpayment assistance please click here.

Please also consider signing up for the City's affordable housing email alert system by
clicking here. You will receive email notifications of all new affordable homeownership and/or rental opportunities available through the City by signing up for this list.

Posting Date

February 14, 2017  (Sale subject to 45 day Right of First Refusal)

*1 application received

Type of Unit

City Second Loan Program

Market Rate Program with no Resale Restrictions

Development Name

Armancio Ergina Village

Address

 

1862A Ellis Street, San Francisco, CA 94115

# Bedroom

 

2

# Bathroom

 

1

Square footage

 

875

Maximum Income Level of Applicants

120% of Area Median Income

1 Person -$90,500

2 Person-$103,400

3 Person-$116,350

4 Person-$129,250

5 Person-$139,550

6 Person-$149,950

Asking Price

$699,000

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 Properties on First Come First Serve Basis

 

Minimum Downpayment Required Based on Offer Price

TBD

Parking

 

1

Monthly Homeowner Dues

$510

Contact Person:

Lannie Mok

Phone:

 

510-889-6888

Email:

Lannie.mok@gmail.com

MSL Link:

PDF iconMLS #453753

 

Open House: 

TBD

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

2/6/17  (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, San Francisco, CA  94107  

# Bedroom

 

3

# Bathroom

 

1

Square footage

 

1109 sq ft

Maximum Income Level of Applicants

120% of Area Median Income

1 Person -$90,500

2 Person-$103,400

3 Person-$116,350

4 Person-$129,250

5 Person-$139,550

6 Person-$149,950

Asking Price

$950,000

 

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:

Kim D. Nguyen

Phone:

 

415-244-8678

Email:

kimnguyen288@gmail.com

MSL Link:

MLS#: 454146

Open House: 

2/4/17

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

1/31/2017 (Sale subject to 45 day Right of First Refusal)

*1 application received

Type of Unit:

City Second Loan Program

Market Rate Program with no Resale Restrictions

Development Name

BayCrest Towers

Address

 

201 Harrison St. Unit #312, San Francisco, CA  94105

# Bedroom

 

Studio – 0 Bedroom

# Bathroom

 

1 Bath with Oversize Oval Bathtub

Square footage

 

427 (per tax records)

Maximum Income Level of Applicants

120% of Area Median Income

1 Person -$90,500

2 Person-$103,400

3 Person-$116,350

4 Person-$129,250

5 Person-$139,550

6 Person-$149,950

Asking Price

$509,000

Offer Price

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

$492,000

Maximum City Second Downpayment Assistance Loan Amount

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

 

Minimum Downpayment Required Based on Offer Price

Based on a 1-person household earning 120% of AMI and using the City Second loan amount of $73,800, the minimum downpayment from the household would be approximately $24,600.

Parking

 

1 Interior Assigned Parking

Monthly Homeowner Dues

$524.94

Contact Person

Rhonda Daly

Phone

415-730-6058

 

Email

RhondaDaly.Realtor@gmail.com

MSL Link

PDF icon201 Harrison St 302_MLS Report.pdf

Open House

Lockbox – Special Code

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

2/1/17 (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

 

27 Caire Terrace, San Francisco, CA  94107  

# Bedroom

 

3

# Bathroom

 

2

Square footage

 

1090

Maximum Income Level of Applicants

120% of Area Median Income

1 Person -$90,500

2 Person-$103,400

3 Person-$116,350

4 Person-$129,250

5 Person-$139,550

6 Person-$149,950

Asking Price

$929,500

 

Offer Price

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

$1,210,000

Maximum City Second Downpayment Assistance Loan Amount

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

 

Minimum Downpayment Required Based on Offer Price

 

Based on a 4-person household earning 120% of AMI, substantial downpayment required.

 

 

Parking

 

1 Car Garage

Monthly Homeowner Dues

$243

Contact Person:

Gina Grinsell

Phone:

 

415-418-9086

Email:

gina@foundersrealty.com

MSL Link:

PDF iconMLS #453608

Open House: 

1/14/17,1/15/17 12-4pm

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