Posting Date

Friday, 7/22/22

Type of Unit

City Second Loan Program

Market Rate Program with No Resale Price Restrictions

Development Name

Holloway Terrace

Address

352 Faxon Ave., San Francisco, CA 94112

# Bedroom

2

# Bathroom

2

Square footage

1,312

Maximum Income Level of Applicants

143% of Area Median Income

2 Persons -$158,500

3 Persons-$178,300

4 Persons-$198,150

5 Persons-$214,000

6 Persons-$229,800

Offer Price

(City Second borrower must be able to match the offer price)

$1,020,000

Application Period

Wednesday, 7/27/22,8:00am, PDT- Wednesday, 8/10/22, 5:00pm, PDT

Date Right of First Refusal Starts

Friday, 7/22/22

Date Right of First Refusal Ends

Tuesday, 9/6/22

Maximum City Second Downpayment Assistance Loan Amount

Up to $375,000 available for City Second Units based on funding availability.

2021 DALP pre-approved homebuyers are welcomed to apply for this opportunity. All program eligibility requirements must be met.

Minimum Downpayment Required Based on Offer Price

$30,600

Parking

1 car garage cattached

Monthly Homeowner Dues

$330

Listing Agent:

Michelle Wong

Phone:

916-690-1898

Email:

mw6901898@gmail.com

MSL Link:

View Listing

Open House: 

Saturday, 7/23/22, 4:30pm-6:30pm, PDT

Special Remark:

City Second Loan is available for qualified buyers on a first come, first served basis. 

The Property is subject to the City’s Grant of Right of First Refusal Agreement. For more information please visit our websitehttp://sfmohcd.org/city-second-loan-program