BMR Resale - 8 Octavia Blvd Unit 408
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Posting Date |
** Updated 05/05/2021, the lottery list has been exhausted. Applications are being accepted on a first come, first served basis starting on May 11, 2021 at 8:00 AM PDT. **
Original Dahlia Posting Date: 03/25/2021 |
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Program |
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Type of Unit |
Condominium |
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Building Name |
8 Octavia |
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Unit Address (including city/state/zip code) |
8 Octavia Blvd #408 San Francisco CA 94102 |
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Maximum Asking Price |
$227,572 |
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Neighborhood |
Hayes Valley |
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Supervisory District |
5 |
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Number of Bedrooms |
Studio |
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Number of Bathrooms |
1 |
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Square Footage |
385 per tax records |
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Floor Number |
4 |
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Year Built |
2014 |
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Appliances Included in the Sale of the Unit |
Cooktop, Microwave, Dishwasher, Refrigerator |
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Building Amenities |
Roof deck |
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Parking Space Count |
No Parking Space |
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Smoking Policy |
No smoking in common areas. Please see the CC&R for the complete smoking policy. |
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Pet Policy |
Domestic dogs or cats not to exceed two total. No fighting breeds. Please see the CC&R for the complete pet policy. |
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Monthly HOA Dues |
$555 |
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What the HOA Dues Cover |
Water, garbage, outside management |
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Covenants, Conditions & Restrictions (“CC&R’s”) for the building |
To review the Covenants, Conditions & Restrictions for this building, please click here. |
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Income Level of Applicants |
Applicants must make no more than the following amounts per household:
100% 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 2020
(Households must be at least as many people as bedrooms in the unit. Please visit www.sfmohcd.org for larger households.)
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Other Qualification Notes |
All titleholders/borrowers must complete first-time homebuyer education through one of the City’s 5 approved first-time homebuyer counseling agencies and obtain a Verification of Homebuyer Education Completion form in order to apply. Please visit https://homeownershipsf.org/homebuyers for a schedule of upcoming program orientations and workshops.
All titleholders/borrowers must obtain a loan pre-approval from one of the approved participating lenders listed at https://sfmohcd.org/lender-list to apply.
A copy of the First Mortgage Pre-Approval and Verification of Homebuyer Education must be included with the BMR Lottery Application.
Applicants with financial needs are encouraged to apply for down payment assistance. All MOHCD-Approved Lenders should explore down payment and grant options with BMR buyers. Households must be as many people (or more) as number of bedrooms in the unit to apply. |
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Contact Person (Realtor/Sales Agent) |
Robert Belli License # 01913570 |
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Company Name and Address (including city/state/zip code) |
Compass 2099 Market St San Francisco, CA 94114 |
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Office Hours (including any special message) |
Monday to Friday, 10:00 AM to 5:00 PM Please call, email, or text to schedule an appointment. |
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Phone |
415-317-8540 |
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Website |
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How to Obtain an Application |
Contact realtor or download from MOHCD website by clicking here |
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Applications: First Come, First Served |
Lottery List has been exhausted. Applications are being accepted on a first come, first served basis starting May 11, 2021 at 8:00 AM PST. Any applications submitted prior to 8:00 AM PST, May 11, 2021 will be automatically deleted. |
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How to Submit a First Come, First Served Application |
Submit a complete electronic application package via this ShareFile secure link, 8 Octavia Blvd Unit 408
Instructions: Compile the application form and all required documents into one PDF file, and name the PDF file “8 Octavia #408 – Last Name, First Name” (Example, 123 Sample Street Unit A – Smith, John).
Changes to the application process due to COVID‐19. We are not accepting paper applications for now. If you need help to submit an application electronically, you can contact a housing counselor. For a list of housing counselors, click here. |
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Lottery Date, Time and Location |
** This lottery list has been exhausted. Applications are being accepted on a first come, first served basis starting on May 11, 2021 at 8:00 AM PDT. Any applications submitted prior to 8:00 AM PDT on May 11, 2021 will be automatically deleted. **
To view the lottery results, click here. To view the Dahlia listing, click here. |
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Open Houses |
Individual showings may be available by appointment only. Please contact the listing agent, Rob Belli, for assistance. |
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Virtual Tour |
To view the virtual tour, please click on this link. |
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Important Program Rules |
All potential buyers must review the 2018 Inclusionary Affordable Housing Program Monitoring and Procedures Manual that govern this property. Buyers will sign an acknowledgement that they have read and understood this document when purchasing a BMR unit. |
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Resale Price Restrictions |
When you sell a BMR unit, it will be resold at a restricted price that is affordable to the next qualified household. The household you sell to must meet the first‐time homebuyer, income and other qualifications for the program. Please review the 2018 Inclusionary Affordable Housing Program Monitoring and Procedures Manual for specific information. |