Posting Date

** Updated 08/03/2020 – There were no eligible lottery applicants for this listing. Applications are being accepted on a First Come, First Served basis starting 08/10/2020 at 8:00 AM PST. **

Original Posting Date: 07/01/2020

Program

Live/Work Affordable Ownership Program

Type of Unit

Condominium

Artist Live/Work Unit

At least a member of the household member must hold a valid and active San Francisco Business License to authorize art activities at the time of application, and will principally use a portion of the unit for arts activities as required under the Project Use Restrictions.

Art Activities Requirement

Arts Activities are defined in San Francisco Planning Code Section 102.2, and attached as Exhibit B of the Special Restrictions Document.

Building Name

1415 Indiana Street

Unit Address

1415 Indiana Street Unit 202, San Francisco, CA 94107

Maximum Asking Price

$431,873

Neighborhood

Bayview Hunter’s Point

Supervisory District

District #10

Number of Bedrooms

1

Number of Bathrooms

1

Square Footage

1459

Floor Number

2

Year Built

2000

Appliances Included in the Sale of the Unit  

Refrigerator, range, oven, and dishwasher.

Building Amenities

Garage

Parking Space Count

One (1) Parking Space

Smoking Policy

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

Pet Policy

2 pets maximum. Please see CC&R's for the complete pet policy.

Monthly HOA Dues

$776

What the HOA Dues Cover

Water, garbage, maintenance of the common areas, building fire insurance, professional 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

Applicants must secure a mortgage loan Pre-Approval through a MOHCD-Approved Lender who has a “√” checked under BMR.

All titleholders/borrowers must complete first-time homebuyer education through one of the five MOHCD-Approved Homebuyer Counseling Agencies in order to apply. Please visit https://homeownershipsf.org/events/category/workshops/homebuyerworkshops/ to sign up for homebuyer education workshops. Verification of Homebuyer Education Completion from a MOHCD-Approved Homebuyer Counseling Agency is required. Verification of Homebuyer Education Completion is valid for 1 year from the date of issuance.

A copy of the mortgage loan Pre-Approval and Verification of Homebuyer Education Completion for every adult household member on loan and title to the BMR unit 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)

Jeannie Anderson

DRE# 00853151

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

Compass

1400 Van Ness Ave.

San Francisco, CA 94109

Office Hours (including any special message)

Monday to Friday, 9:00 AM to 5:00 PM

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

Phone

415-271-4887

Email

Jeannie.Anderson@Compass.com

Website

Compass.com

How to Obtain an Application

Contact realtor or download from MOHCD website by clicking here

Applications:

First Come, First Served

Applications are being accepted on a first come, first served basis starting August 10^th, 2020 at 8:00 AM PST.  Any applications submitted prior to August 10^th, 2020, 8:00 AM PST will be automatically deleted.

How to Submit an Electronic Application

Submit an electronic application via a ShareFile secure link 1415 Indiana Street Unit 202.

Instructions: Compile the application form and all required documents into one PDF file, and name the PDF file “1415 Indiana # 202 – 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

** There were no eligible lottery applicants for this BMR listing.  Applications are being accepted on a first come, first served basis starting August 10^th, 2020 at 8:00 AM PST. **

To view the original BMR listing for this unit, click here.

Virtual Tour

To view the virtual tour, please click here.

Important Program Rules

All potential buyers must review the 2018 Inclusionary Affordable Housing Program Monitoring and Procedures Manual and the Special Restriction Documents 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  and the Special Restriction Documents that governs this property for specific info.