Posting Date

** Updated 7/20/2022, the lottery list has been exhausted.  Applications are being accepted on a first come, first served basis starting on July 22, 2022 at 8:00 AM PST.  Any applications uploaded before 8:00 AM PST on 07/22/2022 will be automatically deleted. **

Initial Posting Date on DAHLIA: 04/26/2022

Program

Limited Equity Homeownership Program

Type of Unit

Condominium

Building Name

McAllister Mews

Unit Address (including city/state/zip code)

1235 McAllister Street, Unit 112

San Francisco, CA 94115

Maximum Asking Price

$439,995

Neighborhood

Western Addition

Supervisory District

5

Number of Bedrooms

1

Number of Bathrooms

1

Square Footage

659

Floor Number

1

Year Built

2000

Appliances Included in the Sale of the Unit  

Dishwasher, Microwave, Electric Range Stove, Refrigerator and Washer/Dryer Hookups Only.

Building Amenities

Courtyard

Parking Space Count

No Parking Space

Smoking Policy

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

Pet Policy

No more than 2 ordinary household pets. Please see the CC&R for the complete pet policy.

Monthly HOA Dues

$423

What the HOA Dues Cover

Management, Trash, Maintenance Grounds, Water

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

120% 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 https://sfmohcd.org/ami-levels-homeownership 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.

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)

Curt Decker

DRE# 02115721

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

Vanguard Properties

199 New Montgomery St., Suite F

San Francisco, CA 94105

Office Hours (including any special message)

Monday to Friday, 10:00 am to 5:00 pm

Please call, email, or text for more information or to schedule an appointment.

Phone

(415) 964-7314

Email

Website

https://vanguardproperties.com/agent-1100209-Curt-Decker.php

How to obtain an application:

Contact the Listing Agent, Curt Decker, or download from MOHCD’s 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 July 22, 2022 at 8:00 AM PST.  Any applications submitted before 8:00 AM PST, July 22, 2022 will be automatically deleted.

How to Submit a First Come, First Served Application

Submit a complete electronic application package via this Share-File secure link, 1235 McAllister #112.

Instructions: Compile the application form and all required documents into one PDF file, and name the PDF file “1235 McAllister #112 – Last Name, First Name” (Example, 123 Sample Street Unit A – Smith, John).

Changes to the application process due to COVID‐19. We are not ac-cepting paper applications for now. If you need help to submit an appli-cation 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 on July 22, 2022 at 8:00 AM PST.  Any applications submitted before 8:00 AM PST on July 22, 2022 will be automatically deleted. **

To view the lottery results, click here.

To view the Dahlia listing, click here.

Open Houses

Individual viewings may be available by appointment only.  Please contact the Listing Agent, Curt Decker, for assistance.

Important Program Rules

All potential buyers must review the 2018 Inclusionary Affordable Housing Program Monitoring and Procedures Manual and Limited Equity Program Loan Disclosure Book 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 Limited Equity Program Loan Disclosure Book and 2018 Inclusionary Affordable Housing Program Monitoring and Procedures Manual for specific information.