Posting Date

** Updated 01/27/2021, the lottery list has been exhausted.  Applications are being accepted on a first come, first served basis starting February 3^rd, 2021 at 8:00 AM PST. **

Original Posting Date on Dahlia: December 7, 2020

Program

Inclusionary Housing Program

Type of Unit

Condominium

Building Name

574 Natoma St

Unit Address (including city/state/zip code)

574 Natoma Street Unit #301

San Francisco, California 94103

Maximum Asking Price

$251,200

Neighborhood

South of Market

Supervisory District

6

Number of Bedrooms

Studio

Number of Bathrooms

1

Square Footage

329

Floor Number

3

Year Built

2011

Appliances Included in the Sale of the Unit 

Refrigerator, Range/Oven, Dishwasher, Microwave, Garbage Disposal

Building Amenities

Foyer, Laundry Room, 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

Limited to domesticated dogs with breed restrictions, cats, aquatic animals in an aquarium, rodents except hamsters and mice, and birds in a cage.  Limit of all dogs, cats, and birds is two (2) per unit.  Please see the CC&R for the complete pet policy.

Monthly HOA Dues

$332

What the HOA Dues Cover

Master’s Policy Insurance Coverage, Common Area Maintenance, Water/Sewer, Garbage, Professional Bookkeeping, Funding Reserve Account.

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:

90% 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 First Come, First Served 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)

Shawn M. Case

License #:  01803986

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

Core7 Real Estate

740A 14th 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

415-297-8680

Email

shawn@Core7RealEstate.com

Website

www.Core7RealEstate.com

How to Obtain a First Come, First Served 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 February 3^rd, 2021 at 8:00 AM PST.  Any applications submitted prior to 8:00 AM PST, February 3^rd, 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, 574 Natoma St, Unit 301.

Instructions: Compile the application form and all required documents into one PDF file, and name the PDF file “574 Natoma St # 301 – 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 need assistance to submit an application package electronically, please 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 02/03/2021 at 8:00 AM PST **

To view the lottery results, click here.

To view the Dahlia listing, click here.

Open Houses

Individual showings may be available by appointment only.  Please contact the listing agent 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.

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.