BMR Resale - 1400 Mission Street Unit 1102

Posting Date

** Updated 01/28/2021, the lottery list has been exhausted.  Applications are being accepted on a first come, first served basis starting February 5, 2021 at 8:00 AM PST. **

 

Initial Posting Date on Dahlia: 09/08/20

Program

Inclusionary Housing Program

Type of Unit

Condominium

Building Name

1400 Mission

Unit Address (including city/state/zip code)

1400 Mission Street, Unit 1102

Maximum Asking Price

$354,852

Neighborhood

South of Market

Supervisory District

6

Number of Bedrooms

1

Number of Bathrooms

1

Square Footage

631

Floor Number

11th

Year Built

2015

Appliances Included in the Sale of the Unit  

Electric Range, Hood Over Range, Refrigerator, Dishwasher, Garbage Disposal, Washer/Dryer.

 

Building Amenities

Two outdoor courtyards, building has lobby, bike storage room

Parking Space Count

Parking not included with sale of unit; Leased parking available on site

Smoking Policy

Not allowed in common areas of building.  Please see the CC&R for the complete smoking policy.

Pet Policy

Restricted to service animal & 1 additional domesticated dog, cat, or caged bird; No fighting breeds of dogs allowed. Fish in an aquarium are allowed.  Please see the CC&R for the complete pet policy.

Monthly HOA Dues

$437

What the HOA Dues Cover

Water, Garbage, Exterior Building Maintenance, Grounds Maintenance, Door Person, Homeowners Insurance, 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

Household Size

Maximum Income at 100% of AMI

1

$89,650

2

$102,500

3

$115,300

4

$128,100

5

$138,350

6

$148,600

7

$158,850

(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)

Scott Keller

License # 00963841

Company Name and Address

Scott Keller

228 30th Avenue

San Francisco, CA 94121

Office Hours (including any special message)

Monday to Friday, 10:00 am to 4:00 pm

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

Phone

(415) 794-7841

Email

smsinsf@pacbell.net

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 February 5, 2021 at 8:00 AM PST.  Any applications submitted prior to 8:00 AM PST, February 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, 1400 Mission St # 1102.

 

Instructions: Compile the application form and all required documents into one PDF file, and name the PDF file “1400 Mission # 1102 – 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 02/05/2021 at 8:00 AM PST**

To view the lottery results, click here.

To view the Dahlia listing, click here.

Video Tour

To view the video 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.