Posting Date

** Updated 05/10/21, the lottery list has been exhausted.  Applications remain open on a first come, first served basis. **

Initial First Come, First Served Posting Date: 1/25/2021

Original Dahlia Posting Date: August 17, 2020 

Program

Inclusionary Housing Program

Type of Unit

Condominium

Building Name

574 Natoma

Unit Address (including city/state/zip code)

574 Natoma Street, Unit 203, SF, CA 94103

Maximum Asking Price

$284,045 (Price is Negotiable)

Neighborhood

South of Market

Supervisory District

6

Number of Bedrooms

1

Number of Bathrooms

1

Square Footage

407

Floor Number

2

Year Built

2012

Appliances Included in the Sale of the Unit  

Stove, Refrigerator, Dishwasher, Microwave and Fireplace

Building Amenities

In building laundry and roof deck

Parking Space Count

No Parking Space

Smoking Policy

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

Pet Policy

Total number of dogs, cats and birds is 2 or aquariums and domesticated rodents kept in cages allowed.  Please see the CC&R for the complete pet policy.

Monthly HOA Dues

$373

What the HOA Dues Cover

Insurance for the building, maintenance of common areas, gas & water.

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

(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 to Friday, 10:00 am to 5:00 pm

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

This Lottery List has been exhausted. The first come, first served application period began on January 25, 2021 at 8:00 AM PST and remains open on a first come, first served basis.

How to Submit a First Come, First Served Application

Submit a complete electronic application package via this ShareFile secure link, 574 Natoma Street Unit 203.

Instructions: Compile the application form and all required documents into one PDF file, and name the PDF file “574 Natoma St # 203 – 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. The first come, first served application period began on January 25, 2021 at 8:00 AM PST and remains open on a first come, first served basis.**

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 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.