BMR Resale - 31 Page Street, Unit 405

Posting Date

4/4/2019 **UPDATED 5-13-19 LOTTERY RESULTS**

Program

Inclusionary Housing Program

Type of Unit

Condominium

Building Name

1600 Market

Unit Address (including city/state/zip code)

31 Page Street, Unit 405

San Francisco, CA 94103

Selling Price

$257,788.00   

Neighborhood and Map

Hayes Valley  Google map

Number of Bedrooms

1

Number of Bathrooms

1

Square Footage

532 sq ft.

Year Built

2014

Appliances Included in the Sale of the Unit 

Electric Range, Refrigerator, Dishwasher, “In Unit” Washer/Dryer

Building Amenities

Elevator, Shared Rooftop Deck, Internet

Parking

Street

Monthly HOA Dues

$459.00

What the HOA Dues Cover

Internet, Water, Garbage, Heat

Income Level of Applicants

Applicants must make no more than the following amounts per household:

 

80% 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 2018

Household Size. Maximum Income at 80% of AMI

1 Person              $66,300

2 Persons             $75,750

3 Persons             $85,250

4 Persons             $94,700

 

*(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 loan preapproval and a final loan through a MOHCD Participating Lender who have an “X” marked under BMR.

 

All titleholders/borrowers must complete a first-time homebuyer workshop through one of the City’s 5 approved first-time homebuyer counseling agencies in order to apply. Please visit http://homeownershipsf.org/workshops for a schedule of upcoming classes. 

Verification of Homebuyer Education Completion or Certificate of Homebuyer Education from a MOHCD approved first-time 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 homebuyer counseling verification 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 Participating 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)

Brian Wickersham

Keller Williams San Francisco

Office Address (including city/state/zip code)

1624 California St.

San Francisco, CA 94109

Phone

415-533-8302

Email

brianwsf@kw.com

Website

www.brianwickersham.com

How to Obtain an Application

Contact realtor or download from MOHCD website by clicking here.

Application deadline

April 26, 5pm

Note: Applications must be received in the sales office by 5pm on the day of the application deadline.

How to Submit a Lottery Application

Submit an electronic application via a ShareFile 31 Page St, Unit 405  

 

Instructions: Compile the application form and all required documents into one PDF file, and name the PDF file “BMR Address – Last Name, First Name” (Example, 123 Sample Street Unit A – Smith, John). A complete application must be uploaded and submitted to MOHCD by the application deadline, 5pm PST.

 

ShareFile Upload Instructions and a Sample Lottery Application Packet can be found at

ShareFile upload instructions and Sample Lottery Application

 

Within five (5) business days of the date your complete application packet is received through the Sharefile system, MOHCD will assign you a lottery ticket number. If you did not receive your lottery ticket number by the end of the five (5) business days, please contact Ruth Lewis at (415) 701-5547 or ruth.lewis@sfgov.org. Incomplete packets will not be assigned a lottery ticket number and will not be entered into the lottery. 

 

If you do not have internet access or are unable to submit electronically, you may submit a paper application by US Mail to:

    BMR Resale

    PO BOX 420847

    San Francisco, CA 94142

 

Paper Application Instructions: In order to receive your lottery number, you must include a self-addressed stamped envelope, otherwise your lottery ticket number will not be mailed to you. Applications must be received by the deadline and postmarks will not be considered.

Lottery Date, Time and Location

 

PDF iconLottery Results 31 Page 405 5-13-19.pdf

Date: May 9, 3:30pm

 

Location: Mayor’s Office of Housing and Community Development

1 South Van Ness Avenue, 5th Floor

San Francisco, CA 94103

Lottery preferences

All individuals and households may enter the lottery for a BMR unit.

 

However, the following lottery preferences will apply:

  1. Certificate of Preference (COP) Holders
  2. Displaced Tenant Housing Preference (DTHP) Certificate Holders
  3. Households that Live or Work in San Francisco
  4. General Public

 

Information About Preferences:

  • Certificate of Preference Holders - More information about the COP Program can be found here: http://sfmohcd.org/certificate-preference.
  • Displaced Tenant Housing Preference (DTHP) Holders - More information about the DTHP Program can be found here: http://sfmohcd.org/displaced-tenant-housing-preference-program-0
  • Households that Live or Work in San Francisco - Households that submit acceptable documentation that at least one member lives in San Francisco or works at least 75% of working hours in San Francisco will be given this preference.  

 

Applicants in each preference category must meet program requirements in order to complete the sale.

 

For more information about the lottery process and housing preferences, please refer to the MOHCD Housing Preferences and Lottery Procedures Manual.

 

Open Houses

04/07/19 2 pm to 4 pm

04/13/19 2 pm to 4 pm

04/14/19 2 pm to 4 pm

04/17/19 5:30pm to 7 pm

04/20/19 2 pm to 4 pm

Special Note(s)

View this unit on the public Multiple Listing Service and on Craig’s List.

Procedures Manual

All potential buyers must review the following program information that governs this property: 

Inclusionary Affordable Housing Program Monitoring and Procedures Manual (2018)

Re-pricing Mechanism

A BMR unit will be resold at a restricted price to a household that meets the first‐time homebuyer and income qualifications for the program. Please review the Inclusionary Affordable Housing Program Monitoring and Procedures Manual (2018) for specific information.