Posting Date

** Updated 10/08/2021, the lottery list has been exhausted.  Applications are being accepted on a first come, first served basis starting on October 15, 2021 at 8:00 AM PDT. **

Original Dahlia Posting Date: July 30th, 2021

Program

Limited Equity Homeownership Program

Type of Unit

Townhouse

Building Name

Armstrong Townhomes

Unit Address (including city/state/zip code)

1780 Bancroft Avenue, Unit 554

San Francisco, CA 94124

Maximum Asking Price

$500,000

Neighborhood

Bayview Hunters Point

Supervisory District

District 10

Number of Bedrooms

2

Number of Bathrooms

1.5

Square Footage

1,118

Floor Number

4

Year Built

2010

Appliances Included in the Sale of the Unit 

Washer/dryer, refrigerator, dishwasher, stove, oven, microwave.

Building Amenities

Courtyard with play area, picnic areas, fitness room.

Parking Space Count

No deeded parking space for this unit. One (1) leased parking space may be available for $50/month. Please contact the listing agent, Taylor Porter, for more information.

Smoking Policy

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

Pet Policy

Pets allowed, no more than 2 pets per unit. Please see the CC&R for the complete pet policy.

Monthly HOA Dues

$433

What the HOA Dues Cover

Garbage, water, fitness center, common areas.

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

110% 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 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)

Taylor Porter

License # 02102028

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

Journey Real Estate, Side Inc.

580 4th Street

San Francisco, CA 94107

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) 300-6332

Email

taylor@thejourneyre.com

Website

www.thejourneyre.com

Applications:

First Come, First Served

Lottery List has been exhausted. Applications are being accepted on a first come, first served basis starting October 15, 2021 at 8:00 AM PDT.  Any applications submitted prior to 8:00 AM PDT, October 15, 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, 1780 Bancroft Unit 554.

Instructions: Compile the application form and all required documents into one PDF file, and name the PDF file “1780 Bancroft #554 – 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 on October 15, 2021 at 8:00 AM PDT.  Any applications submitted prior to 8:00 AM PDT on October 15, 2021 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, Taylor Porter, for assistance.

Important Program Rules

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