Resale Listing: 1009 Mission Street Unit D

Posting date

 

March 3, 2017 Upddated 4/13/2017

Program

 Habitat for Humanity Greater San Francisco first-time homebuyer program

Type of unit

Condo

Name of building

1009 Mission

 

 

Unit address (including city/state/zip code)

1009 Mission St. Unit D

San Francisco 94103

Neighborhood name

SoMa

Sales price

$460,000 @ 80% of Area Median Income (AMI)

Minimum & Maximum qualifying income level of applicant households

Minimum household income must be at least 60% of Area Median Income (AMI):

 

60% of Minimum 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 $58,150

A four person household can make no more than $64,600

A five person household can make no more than $69,800

A six person household can make no more than $74,950

A seven person household can make no more than $80,150

(Visit www.sfmohcd.org for larger households.)

 

Maximum household income must not exceed the following amounts by household size:

 

80% 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 2016

A three person household can make no more than $77,500

A four person household can make no more than $86,150

A five person household can make no more than $93,050

A six person household can make no more than $99,950

A seven person household can make no more than $106,850

(Visit www.sfmohcd.org for larger households.)

Number of bedrooms

3

Number of bathrooms

1

Square footage

951

Year built

2004

Appliances

Stove, Refrigerator

Amenities

Laundry, Parking

Parking

One parking space

Monthly homeowner dues

$355

What the HOA dues cover

Shared common areas, laundry, elevator maintenance

Date on which BMR unit(s) can be occupied by owner

May 2017

Lottery Preferences

In accordance with the Regulatory Obligations noted in the Disposition and Development Agreement Article 9, the following lottery priorities will apply to this Redevelopment Project:

  1. Certificate of Preference
  2. SoMa Redevelopment Project Area Residents in census tract 176.01 and 178
  3. Displaced Tenant Housing Preference (DTHP)
  4. Residents and workers of San Francisco

Please review the Lottery Application for a detailed description of each preference.

Other qualification notes

Asset test

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

 

Habitat homeowners pay, at maximum, 30% of their monthly income toward housing payments (including mortgage, HOA dues, insurance, and property taxes).  The term of the Habitat mortgage cannot exceed 40 years.  Habitat homes are priced at Restricted Fair Market Value, based on an independent appraisal that factors in any deed restrictions on the housing unit.  In order to bridge the gap between what the homeowner can afford (i.e., 30% of their income) and the price of the home, Habitat may offer mortgage assistance in the form of a “silent” mortgage that may be forgiven when the primary Habitat mortgage is fully repaid. 

 

Qualified candidates will attend a series of first-time homebuyer education workshops and must be willing to meet the 250 hours of sweat equity requirement prior to close of escrow. Sweat equity includes but is not limited to onsite construction work, participation in homebuyer workshops, homeowner meetings, and other opportunities within Habitat for Humanity Greater San Francisco. Sweat equity hours can only be accrued within San Francisco. We understand that there are health, mobility and other limitations; therefore, accommodations will be considered upon request with advance notice. Children under the age of 16 can also contribute hours to their household through good grades (A’ s and B’s).

Households must be as many people (or more) as number of bedrooms in the unit to apply.

Contact person (realtor/sales agent)

Angelica Resendez,

Homeownership Services Director Habitat Greater San Francisco

Phone

415.625.1011

Email

aresendez@habitatgsf.org

Website

https://www.habitatgsf.org/developments/1009mission

How to obtain an application

Contact Habitat for Humanity Greater San Francisco.

https://www.habitatgsf.org/developments/1009mission

Application deadline

March 24, 2017 at 5pm

Note: Applications must be received in paper form by 5pm on the day of the application deadline. Applications received after the deadline will not be accepted.

Address to which application should be delivered

Habitat for Humanity Greater San Francisco

Homeowner Development Department

Attn: San Francisco resale

500 Washington St. Ste.250

San Francisco CA 94111

Lottery date, time and location

 

 

Final Lottery Rank Results

Assigned Ticket #

LOTTERY RANK

336880

1

336924

2

336910

3

336954

4

336903

5

336937

6

336887

7

336894

8

336923

9

336932

10

336961

11

336907

12

336890

13

336908

14

336924

15

336893

16

336928

17

336900

18

336885

19

336905

20

Date: April 12, 2017

Time: 2:00pm

Location: Mayor’s Office of Housing

1 South Van Ness Avenue, 5th Floor

San Francisco, CA 94103

Open houses

Date: March 12, 2017

Time: 10 am – 12pm

Location: 1009 Mission Street, Unit D

San Francisco, CA 94103

 

Date: March 16, 2017

Time: 4pm – 6pm

Location: 1009 Mission Street, Unit D

San Francisco, CA 94103

Application Information session(s)

 

Please join us to learn more about the Habitat Program and how to submit an application. Please RSVP online at https://www.habitatgsf.org/developments/1009mission, or call (415) 625-1011.

 

Date: March 11, 2017

Time: 2-4 pm

Location: The Women’s building

3543 18th St #8,

San Francisco, CA 94110

 

Date: March 13, 2017

Time: 6-8pm

Location: The Women’s building

3543 18th St #8,

San Francisco, CA 94110

 

Information and application are available on: https://www.habitatgsf.org/developments/1009mission .  

Realtor commission

No cooperating commission is available.

Procedures manual

N/A

Re-pricing mechanism

A Habitat unit will be resold at a restricted price to a household that meets the first‐time homebuyer and income qualifications for the program.

Special note(s)

 

Note here

Downtown location, parking included, walking distance to Public Transit.