Posting Date

** Updated 07/20/2022, the lottery list has been exhausted.  Applications are being accepted on a first come, first served basis starting on May 4, 2022 at 8:00 AM PST.  Any applications uploaded before 8:00 AM PST on 05/04/2022 will be automatically deleted. **

Original Posting Date on DAHLIA: 03/17/22

Program

Inclusionary Housing Program

Type of Unit

Condominium

Building Name

83 McAllister (Book Concern Building)

Unit Address (including city/state/zip code)

83 McAllister Street, Unit 413

San Francisco, CA 94102

Maximum Asking Price

$400,986

Neighborhood

Tenderloin

Supervisory District

6

Number of Bedrooms

2

Number of Bathrooms

1

Square Footage

424

Floor Number

4

Year Built

2007

Appliances Included in the Sale of the Unit  

Cooktop, microwave and under the counter fridge

Building Amenities

Rooftop, gym, game room, bike parking and coin operated laundry

Parking Space Count

No parking space

Smoking Policy

No smoking is allowed in any of the common areas, including but not limited to elevators, indoor lobby, fire escapes, storage areas, hallways, light wells on the basement and first floor levels, and the common areas in the basement floor. Please see the operating rules for the complete smoking policy.

Pet Policy

No more than 1 domestic pet of no more than 25 pounds may be kept within the unit. Please see the CC&R for the complete pet policy.

Monthly HOA Dues

$450

What the HOA Dues Cover

Common Areas, Insurance on Structure, Maintenance Exterior, Maintenance Grounds, Management, Recreation Facility, Roof, Security, Sewer, Trash

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 2022

(Households must be at least as many people as bedrooms in the unit. Please visit https://sfmohcd.org/ami-levels-homeownership for larger households.)

Note: Changes in AMI - MOHCD will use the income limit from the current year’s AMI chart to determine eligibility for an applicant.

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)

Trista Bernasconi

License #02095335

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

HomeQuest Realty

5517 Geary Suite 206

San Francisco, CA 94121

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) 846-4124

Email

trista@hquestrealty.com

Website

https://www.hqrealtysf.com             

How to obtain an application:

Contact the Listing Agent, Trista Bernasconi, or download from MOHCD’s website by clicking here.

Applications:

First Come, First Served

Lottery List has been exhausted. Applications are being accepted on a first come, first served basis starting May 4, 2022 at 8:00 AM PST.  Any applications submitted prior to 8:00 AM PST, May 4, 2022 will be automatically deleted.

How to Submit a First Come, First Served Application

Submit a complete electronic application package via this ShareFile secure link, 83 McAllister #413.

Instructions: Compile the application form and all required documents into one PDF file, and name the PDF file “83 McAllister #413 – 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 May 4, 2022 at 8:00 AM PST.  Any applications submitted prior to 8:00 AM PST on May 4, 2022 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, Trista Bernasconi, 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 governs 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.