Posting date

** Updated 09/30/2022 – The lottery list has been exhausted. First Come First Served applications started on 07/14/2021 at 8:00 AM PST and remains open as first come first served. **

Note: The applicant list generated from this first come, first served unit may be applied to any remaining BMR units in this project should one or more BMR units become available in the future. Once all the BMR units are sold, the first come, first served applicant list will no longer be valid for this project.

Initial First come First Served Posting Date: 7/7/2021

Original Posting Date on DAHLIA: 7/30/2020

Program

Inclusionary Housing Below Market Rate (BMR) Program

Type of unit

Condominium

Name of building

The Quinn

Address (including city/state/zip code)

345 8^th Street

San Francisco, CA 94103

Unit Number

303

Number of bedrooms

One (1) Bedroom

Number of bathrooms

One (1) Bathroom

Square footage

631

Year built

2020

Neighborhood Name

South of Market

Supervisorial District

6

Sales Price (for the remaining BMR unit)

Monthly Homeowner Association (HOA) Dues (for each BMR unit)

$536.03 without parking

What the HOA dues cover

Hot Water System, Power Backup System, Insurance, Lighting, Window Washing, Domestic Water, Fire Suppression, Custodial Services, Surveillance System, Groundskeeping, Building Exterior, Elevator, Administrative Costs, Access control system, Management, Courtyards/Terraces, Legal, Bicycle Storage, Accounting, Private Balconies, Education, Miscellaneous Expenses, and Software Service. 

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

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

Smoking Policy

Please see page 58 of the CC&R.

Pet Policy

Please see page 44 of the CC&R.

Parking

No parking in the building

Area Median Income for Qualifying for Unit

100% of Area Median Income (AMI)

Maximum Allowable Income Levels

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

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 2022

(Households must be at least as many people as bedrooms in the unit. Please visit www.sfmohcd.org for larger households.)

Note: Changes in AMI - MOHCD will use the income limit from the current year’s AMI chart to determine eligibility for an applicant.

Appliances

Refrigerator: GE 21.1 cu. Ft. Top Freezer Refrigerator in STAINLESS STEEL

Washer/Dryer: Stacked Samsung 2.3 cu. Ft. Compact Front Load Washer in White / Samsung 4.2 cu. ft. Specialty Dryer in White

Stove/Range: GE 30 inch free standing Electric Range in STAINLESS STEEL

Microwave:  GE 29 7/8 inch Over-the-Range Microwave Oven in STAINLESS STEEL

Dishwasher: GE Front Control Dishwasher 23 ¾ inch in STAINLESS STEEL

Garbage Disposal: GE Disposal with ½ horsepower continuous feed

Amenities

Furnished roof deck equipped with an outdoor kitchen, BBQ and pizza oven

Mail room with app-controlled entry for secure package delivery/pick-up

Latch key-less entry system for building entrances and residences

Video enabled intercom system by ButterflyMX with app-based functionality

Onsite solar generation

High-speed fiber optic internet connectivity

Curated art program in partnership with KFiSH

Secured bicycle parking

KFiSH branded bikes for share by The Quinn community

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

03/01/2022

Other qualification notes

All potential buyers must review the 2018 Inclusionary Affordable Housing Program Monitoring and Procedures Manual that governs this property. Buyers will sign an acknowledgement that they have read and understood this document when purchasing a BMR unit.

All adult household members who will be on the title of the BMR unit 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. 

Applicants 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.

• BMR Downpayment Assistance Loan Program (BMR DALP): A deferred down payment assistance loan available to qualified households for up to 20% of the purchase price.

• Teacher Next Door Program (TND): A loan assistance program for active educators serving the SFUSD.

• Mortgage Credit Certificate (MCC): A certificate that allows first-time homebuyers to claim a tax credit for up to 15% of the annual mortgage interests paid. There is an application fee if applying for MCC.

• Federal Home Loan Bank’s WISH program provides up to $22,000 in matching funds for down payment assistance.  Please ask your mortgage lender for more information.

All MOHCD Participating Lenders should explore these options with BMR buyers.

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

See other qualification rules in the City and County of San Francisco Inclusionary Affordable Housing Program Monitoring and Procedures Manual 2018.

Contact person (realtor/sales agent)

For questions about the building and units:

Compass

Scott Syme

CA DRE #00868157

(650) 678-6189

scott.syme@compass.com

For questions about applications and program requirements:

Homeownership SF

info@homeownershipsf.org  

(415) 202-5464

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

For questions about applications and program requirements:

Homeownership SF

275 Fifth Street, Suite 314

San Francisco CA 94103

Office Hours (including any special message)

Individual viewings are available by appointment only.  To schedule a tour of the unit, please click on this link.

Phone

For questions about the building and unit:

Scott Syme

(650) 678-6189

For questions about applications and program requirements:

HomeownershipSF

(415) 202-5464

Email

For questions about building and units:

scott.syme@compass.com

For questions about applications and program requirements:

info@homeownershipsf.org

Website

https://www.345-8thst.com for building information.

www.homeownershipsf.org for assistance with the application and program requirements.

How to obtain an application

Please contact HomeownershipSF or click here to download the application.

Applications – First Come,

First Served

Lottery list has been exhausted.  First Come First Served applications started on 07/14/2021 at 8:00 AM PST and remains open as first come first served.

How to submit – Application for First Come,

First Served

First Come First Served applications started on 07/14/2021 at 8:00 AM PST and remains open as first come first served.  Submit a complete electronic application with all required documents as a single PDF file via a Box secure link, The Quinn.

Instructions: 

• 1. Create an account with Box.  You will need to log into Box to upload the first come first served application.

• 2. Compile the application form and all required documents into one PDF file in the order listed on the application, and name the PDF file “Quinn - Last Name, First Name” (Example: Quinn – Smith, John). Use the divider pages and place the corresponding documentation behind each divider page. Applications received in multiple files, an incorrect order, formats other than PDF or without supporting documents will not be accepted or reviewed.

Changes to the application process due to COVID-19. We are not accepting paper applications for now. If you need assistance to submit an application electronically, please contact a housing counselor. For a list of housing counselors, click

here.

Lottery date, time and location

** The lottery list has been exhausted.  First Come First Served applications started on 07/14/2021 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.

Open Houses

Realtor Commission

The buyer’s realtor is NOT eligible for commission on these BMR units.

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. 

Special note(s)

Inspired by the industrial and cultural crossroads of San Francisco’s historic South of Market district, The Quinn is a vibrant art-driven living concept unlike any other. This creative residential space consisting of 38 boutique studio, one, two, and three-bedroom homes for sale will bring curated art and living together thanks to an exciting first-of-its-kind partnership with renowned artist and muralist, Kelcey Fisher (KFiSH).