Posting Date

** Updated 01/25/2021, the lottery list has been exhausted.  Applications remains open as first come, first served. **

First Come, First Served Initial Posting Date: December 4, 2020

Original Posting Date: October 7, 2020

Program

Limited Equity Homeownership Program

Type of Unit

Condominium

Building Name

Mission Walk

Unit Address (including city/state/zip code)

330 Berry Street Unit 407, San Francisco, CA 94158

Maximum Asking Price

$512,325

Affordable Price

$467,795

This price is affordable to a household earning no more than 108% of Area Median income based on certain pricing assumptions. The seller and qualifying buyer may negotiate a final sales price between the maximum asking price and affordable price.

Neighborhood

Mission Bay

Supervisory District

6

Number of Bedrooms

2

Number of Bathrooms

1

Square Footage

783

Floor Number

4

Year Built

2009

Appliances Included in the Sale of the Unit  

Stove, Refrigerator, Dishwasher, Washer and Dryer

Building Amenities

Outside Patios

Parking Space Count

No deeded parking.  Leased space may be available based on a wait list.

Smoking Policy

No smoking in common areas. Smoking may be allowed in units exclusive use area however the HOA shall have the power to adopt a rule prohibiting smoking on private balconies.  

Pet Policy

No more than 2 dogs or 2 cats or 1 dog and 1 cat. However HOA may determine that a reasonable number in any instance may be more or less.

Monthly HOA Dues

$539

What the HOA Dues Cover

Common areas, water, garbage and 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:

108% 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)

Robert Belli

License # 01913570

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

Compass

2099 Market Street

San Francisco, CA 94114

Office Hours (including any special message)

Monday-Friday 10am-5pm.

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

Phone

415 317 8540

Email

rob.belli@compass.com

Website

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.  Application period began on December 11, 2020 at 8:00 AM PST and remains open as first come, first served.

How to Submit a First Come, First Served Application

Submit a complete electronic application package via this ShareFile secure link, 330 Berry Street Unit 407.

Instructions: Compile the application form and all required documents into one PDF file, and name the PDF file “330 Berry St # 407 – 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.  Application period began on December 11, 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.

Virtual Tour

To view the Virtual Tour, please click on this link.

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.