Reselling your below market rate (BMR) home

For realtors, and owners of BMR or Condo Conversion homes

If you bought your home at a below market rate price, you will have to sell your home at a price MOHCD determines. Depending on your unit, we use different formulas to calculate the resale price. You may not charge a higher sales price than what we set.

MOHCD will use a lottery process to assign a buyer.

Selling your home will take about 130 days.


MOHCD does not fulfill pricing requests unless there is an intent to sell. You can get an unofficial valuation estimate using our repricing calculator.

  1. Find a realtor.
    • Your realtor must have an office in San Francisco to collect paper applications and hand out lottery tickets.
    • Your realtor will list your home on the Multiple Listing Service (MLS) and
    • MOHCD will add 5% to the base resale price to pay for the realtor’s commission.
  2. Realtor sends a price request to MOHCD.
    • Include the following documents, compiled into one PDF:
      • Signed and dated PDF iconLetter of intent to sell a BMR
      • Invoice or bill of the current HOA dues
      • Signed listing agreement with the realtor to list the home on the public San Francisco MLS, with the following content:
        • Under Sales Price: “Price to be determined by SF Mayor's Office of Housing and Community Development.”
  3. Include proof of capital improvements, if applicable and approved.
    • If you have capital improvements in progress, stop the pricing request and refer to our capital improvements process.
    • All capital improvements must be approved before we can price your home.

Upload your pricing request via Sharefile

We cannot continue the pricing request unless we receive all required documents.

MOHCD prices your home in about 30 days.

  • We will send a dated letter to the owner and realtor with the resale price.
  • The pricing is valid for 30 days from the date of the letter.
  • If you request a repricing, we may charge a fee.
  • The owner cannot set their home’s sales price higher than our pricing.

Listing the home

All listings for the home must be posted for at least 21 days.

  1. Realtor helps MOHCD market your home.
    • We will send the realtor a Website Posting Template in Word for them to fill out.
    • It will take about a week for MOHCD to approve the posting template.
    • MOHCD will post the home on 7 days after we approve the posting template.
  2. After MOHCD lists the home, the realtor markets your home on MLS and other venues.
    • The realtor must disclose that the home is monitored by the Mayor's Office of Housing and Community Development.
    • The listings must include both internal and external photos of the home.
  3. Realtor must hold at least 2 open houses while the home is listed. Both open houses must be at least 2 hours long.
    • One on a weekday evening
    • One on a weekend day
  4. Realtor will provide interested buyers with the BMR Homeownership Application form and requirements.
  5. Realtor will collect MOHCD application packages and hand out lottery tickets.
    • Realtor is responsible for ensuring all application packages are complete.


Lottery will take place no less than 7 days from the application deadline.

  1. Within 24 hours of the application deadline, realtor will send a list of all applicants to MOHCD.
  2. MOHCD will work with the realtor to prepare for the lottery.
  3. The lottery will be held at MOHCD and be open to the public.
  4. At least one agent must attend the lottery, and be ready to answer questions about the building.
    • Realtor will also deliver all paper applications to MOHCD at the lottery.
  5. Lottery results will be posted on the website 1 week after the lottery.


  1. MOHCD begins reviewing applications for review, by lottery rank order.
  2. MOHCD will send a conditional approval or disapproval letter to the buyer within 15 days.
  3. If the lottery winner is not conditionally approved, MOHCD will send the applicant a disqualification letter.
    • The applicant then has 5 days to appeal, by sending in missing or supporting documents.
  4. If the lottery winner fails appeal, MOHCD will move on to the next ranked buyer’s application.

Conditional approval

  1. The approved buyer signs a sales contract within 7 days of MOHCD's conditional approval.
    • Realtor and seller sends the sales contract to Title Company, to open escrow.
  2. The buyer should then secure a final loan approval from their lender within 30 days.
    • If a final loan approval is not secured, the applicant cannot buy the unit.
    • If the current applicant can't buy the unit, MOHCD moves on to the next application in the lottery list.

Final approval

  1. Buyer and lender will work together to send MOHCD with all required documents.
  2. MOHCD sends the buyer a commitment letter, valid for 30 days.
  3. Title Company works with buyer to sign closing documents.
  4. Title Company sends signed and notarized closing documents back to MOHCD.