BMR Resale - 55 Page St Unit 218

Posting Date

** Updated 06/17/2021, the lottery list has been exhausted. Applications are being accepted on a first come, first served basis starting on June 24, 2021 at 8:00 AM PT. Any applications submitted prior to 8:00 AM PT on June 24, 2021, will be automatically deleted.**

 

Original Posting Date to DAHLIA: 04/15/2021

Program

Inclusionary Housing Program

Type of Unit

Condominium

Building Name

The Hayes

Unit Address (including city/state/zip code)

55 Page Street, Unit 218

San Francisco, CA 94102

Maximum Asking Price

$299,000

Neighborhood

Hayes Valley

Supervisory District

5

Number of Bedrooms

1

Number of Bathrooms

1

Square Footage

448

Floor Number

2

Year Built

2008

Appliances Included in the Sale of the Unit 

Stove, microwave, dishwasher, Washer/ Dryer unit

Building Amenities

Common wi-fi, Gym, roof deck, lobby attendant/ door security, storage, guest parking

Parking Space Count

No Parking Space

Smoking Policy

Non-smoking building. Please see the CC&R for the complete smoking policy.

Pet Policy

2-pets, no fighting breeds, weight/ size restrictions.  Please see the CC&R for the complete pet policy.

Monthly HOA Dues

$470

What the HOA Dues Cover

Building insurance, common utilities/ maintenance and reserves

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

Household Size

Maximum Income at 100% of AMI

1

$89,650

2

$102,500

3

$115,300

4

$128,100

5

$138,350

6

$148,600

7

$158,850

(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)

Chris Jurach

License #01864179

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

Vanguard Properties

2501 Mission Street

San Francisco, CA 94110

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) 806-4966

Email

chris@vanguardproperties.com

Website

chrisjurach.com

How to Obtain an Application

Contact realtor or download from MOHCD website by clicking here

 

Applications – First Come, First Served

** This lottery List has been exhausted. Applications are being accepted on a first come, first served basis starting June 24, 2021 at 8:00 AM PT.  Any applications submitted prior to 8:00 AM PT, June 24, 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, 55 Page St Unit 218.

 

Instructions: Compile the application form and all required documents into one PDF file, and name the PDF file “55 Page # 218 – 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 June 24, 2021 at 8:00 AM PT.  Any applications submitted prior to 8:00 AM PT on June 24, 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, Chris Jurach, for assistance.

Virtual Tour

To view the virtual tour, please click on this link.

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.

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.