Posting Date

** Updated 03/24/21, applications remain open as first come, first served. **

Original Dahlia Posting Date: September 4, 2020

First Come First Served Posting Date: January 7, 2021

Program

Inclusionary Housing Program

Type of Unit

Condominium

Building Name

Yerba Buena Lofts

Unit Address (including city/state/zip code)

855 Folsom Street # 330, SF, CA 94107

Maximum Asking Price

$384,387

Affordable Price

$332,327

This price is affordable to a household earning no more than 100% of Area Median income based on certain pricing assumptions. The seller and qualifying buyer may negotiate a final sales price between the maximum asking price and affordable price.

Neighborhood

South of Market

Supervisory District

6

Number of Bedrooms

1

Number of Bathrooms

1

Square Footage

658

Floor Number

3

Year Built

2001

Appliances Included in the Sale of the Unit  

Stove, Refrigerator, Microwave, Dishwasher, Washer and Dryer

Building Amenities

Lobby Attendant, 24 Hour Security

Parking Space Count

No Parking Space

Smoking Policy

No smoking in common areas.  Please see the CC&R for the complete smoking policy.

Pet Policy

No more than 2 usual, small & ordinary household pets such as dogs, cats, birds, etc. Animals may not be kept, bred or maintained for commercial purposes.  Please see the CC&R for the complete pet policy.

Monthly HOA Dues

$504

What the HOA Dues Cover

Water, Garbage, Exterior Bldg. Maintenance, Door Person

Covenants, Conditions & Restrictions (“CC&R’s”) for the building

To review the Covenants, Conditions & Restrictions for this building, please click here.

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.)

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. 

Contact Person (Realtor/Sales Agent)

Robert Belli

License # 01913570

Company Name and Address (including city/state/zip code)

Home Quest Realty

5517 Geary Blvd Suite 206

San Francisco CA 94121

Office Hours (including any special message)

Monday-Friday 10am-5pm.

Please call, email, or text to schedule an appointment.

Phone

(415) 317-8540

Email

rob@hquestrealty.com

Website

www.hqrealtysf.com

How to Obtain an Application

Contact realtor or download from MOHCD website by clicking here

Applications – First Come, First Served

Lottery List has been exhausted. The first come, first served application period began on January 15, 2021 at 8:00 AM PST and remains open as first come, first served.

How to Submit a First Come, First Served Application

Submit a complete electronic application package via this ShareFile secure link, 855 Folsom Street Unit 330.

Instructions: Compile the application form and all required documents into one PDF file, and name the PDF file “855 Folsom # 330 – 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.

Lottery Date, Time and Location

** This lottery list has been exhausted.  The first come, first served application period began on January 15, 2021 at 8:00 AM PST and remains open as first come, first served. **

To view the lottery results, click here.

To view the Dahlia listing, click here.

Virtual Tour

To view the virtual tour, please click on this link.

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.

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.