Posting Date

** Updated 04/28/2021, the lottery list has been exhausted.  Applications are being accepted on a first come, first served basis starting on May 5^th, 2021 at 8:00 AM PST. **

Initial posting date on DAHLIA: 2-9-2021

Program

Inclusionary Housing Program

Type of Unit

Condominium

Building Name

901 Bush Street

Unit Address (including city/state/zip code)

901 Bush Street Unit 207

San Francisco, CA 94109

Maximum Asking Price

$399,273

Affordable Price

The affordable price is $373,699 for this BMR unit.  The affordable price is based on what a household earning at 100% of Area Median Income can afford according to certain pricing assumptions.

Applicants can make an offer between the maximum sales price and the affordable price. The seller is free to accept or reject the price offered by the buyer.  Some sellers may not negotiate at all.  

We recommend that the buyer work with their own separate real estate agent for the price negotiations.

If you pay more than the affordable price, you will not be eligible for the BMR DALP program. If you pay more than the affordable price now, you might not be able to sell for more than the affordable price as calculated when you sell.

Neighborhood

Nob Hill

Supervisory District

3

Number of Bedrooms

1

Number of Bathrooms

1

Square Footage

532

Floor Number

1

Year Built

1909

Appliances Included in the Sale of the Unit  

Stove, Refrigerator, Dishwasher

Building Amenities

Roof deck

Parking Space Count

No Parking Space

Smoking Policy

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

Pet Policy

One domestic dog or cat. No fighting breeds. Please see the CC&R for the complete pet policy.

Monthly HOA Dues

$496

What the HOA Dues Cover

Water, Garbage, Outside Management

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 HomeownershipSF 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)

Compass

2099 Market Street

San Francisco, CA 94114

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.

Phone

(415) 317-8540

Email

rob.belli@compass.com

Website

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. Applications are being accepted on a first come, first served basis starting May 5, 2021 at 8:00 AM PST.  Any applications submitted prior to 8:00 AM PST, May 5, 2021 will be automatically deleted.

How to Submit a First Come, First Served Application

Submit a complete electronic application package via this ShareFile secure link, 901 Bush Street Unit 207.

Instructions: Compile the application form and all required documents into one PDF file, and name the PDF file “901 Bush # 207 – 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.  Applications are being accepted on a first come, first served basis starting 05/05/2021 at 8:00 AM PST**

To view the lottery results, click here.

To view the DAHLIA listing, click here.

Open Houses

Individual showings may be available by appointment only.  Please contact the listing agent, Rob Belli, for assistance.

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 governs 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.