Homebuyer Assistance for Below Market Rate units

If mixed-income buyers need help with their downpayment or mortgage approval, these programs are available.

MOHCD assistance programs

Below Market Rate Downpayment Assistance Loan Program (BMR DALP)

  • Downpayment loan as needed, for a homebuyer purchasing a mixed-income unit
    • Requires no monthly payment and accrues no interest
  • Work with your lender to apply for BMR DALP

Mortgage Credit Certificate Program (MCC)

  • Helps homebuyers qualify for a mortgage loan and reduce their effective mortgage interest rate
    • Deduct 15% of your mortgage interest from your annual tax debt
  • Work with your lender to apply for MCC

Teacher Next Door Program (TND)

  • Only for SFUSD educators
  • Downpayment loan up to $20,000 on a BMR
  • Typically layered on top of other MOHCD loan programs, if additional funding is needed.
    • Forgiven after 10 years, if all program requirements are met
  • Work with your lender to apply for TND

Non-MOHCD assistance programs

Workforce Initiative Subsidy for Homeownership (WISH) Program

  • The Federal Home Loan Bank's Workforce Initiative Subsidy for Homeownership (WISH) Program is a tax benefit program that provides grants to qualified homebuyers at 80% AMI.
  • WISH will provide up to $22,000 per household, matching up to $3 for every dollar contributed by the homeowner. This program is possible only through certain banks.