BMR Resale - 2956 Arelious Walker Drive
Posting Date |
** Updated 11/24/2021, applications remain open on a First Come First Served basis. **
Initial Dahlia Posting Date: 7/23/2020 First Come First Served Posting Date: 9/17/2020 |
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Program |
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Type of Unit |
Condominium, Townhouse |
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Building Name |
True Hope Square |
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Unit Address (including city/state/zip code) |
2956 Arelious Walker Drive San Francisco, CA 94124 |
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Maximum Asking Price |
$515,671 |
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Neighborhood |
Bayview Hunters Point |
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Supervisory District |
10 |
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Number of Bedrooms |
2 |
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Number of Bathrooms |
1 |
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Square Footage |
882 |
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Floor Number |
3 |
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Year Built |
2006 |
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Appliances Included in the Sale of the Unit |
Electric Stove, Hood over Range, Refrigerator, Dishwasher, Washer and Dryer
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Building Amenities |
Courtyard |
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Parking Space Count |
1 |
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Smoking Policy |
No Smoking. Please see the CC&R's for the complete smoking policy. |
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Pet Policy |
One (1) Pet. Please see the CC&R's for the complete pet policy. |
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Monthly HOA Dues |
$238 |
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What the HOA Dues Cover |
Water and Grounds Maintenance |
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Covenants, Conditions & Restrictions (“CC&R’s”) for the building |
To review the Covenants, Conditions & Restrictions for this building, please click here. |
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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.) |
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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. |
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Contact Person (Realtor/Sales Agent) |
Robert Belli License #01913570 |
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Company Name and Address (including city/state/zip code) |
Compass 2099 Market Street San Francisco, CA 94114 |
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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. |
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Phone |
(415) 317-8540 |
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How to Obtain an Application |
Contact realtor or download from MOHCD website by clicking here. |
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Applications – First Come, First Served |
Lottery List has been exhausted. The application period started on September 17, 2020 at 8:00 AM PST and remains open as first come, first served. |
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How to Submit a First Come, First Served Application |
Submit a complete electronic application package via this ShareFile secure link, 2956 Arelious Walker Drive.
Instructions: Compile the application form and all required documents into one PDF file, and name the PDF file “2956 Arelious Walker Drive – 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. |
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Lottery Date, Time and Location |
** This lottery list has been exhausted. The application period started on 09/17/2020 at 8:00 AM PST and remains open as first come, first served. ** To view the lottery results, click here. To view the Dahlia listing, click here. |
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Open Houses | Individual viewings availabe by appointment only. Please contact the listing agent, Rob Belli, for assistance. | ||||||||||||||||
Important Program Rules |
All potential buyers must review the 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. |
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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. |