City Second - 56 Garnett Terrace
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Posting Date |
May 8, 2018 |
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Type of Unit |
City Second Loan Program Market Rate Program with No Resale Restrictions |
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Development Name |
Garnett Terrace |
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Address  |
56 Garnett Terrace, San Francisco CA 94124 |
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# Bedroom  |
3 |
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# Bathroom  |
2 |
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Square footage |
1250 sq ft |
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Maximum Income Level of Applicants |
120% of Area Median Income 1 Person -$99,500 2 Person-$113,650 3 Person-$127,850 4 Person-$142,100 5 Person-$153,400 6 Person-$164,800 |
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Asking Price |
$738,000 Â |
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Offer Price (City Second borrower must be able to match the offer price) |
$760,000 |
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Application Period |
5/14/18 -6/15/18 |
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Date Right of First Refusal Starts |
5/16/18 |
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Date Right of First Refusal Ends |
6/30/18 |
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Maximum City Second Downpayment Assistance Loan Amount |
Up to $375,000 available for City Second Units based on funding availability.  2017 DALP pre-approved homebuyers can utilize their DALP assistance for the purchase of this property and are welcomed to submit an offer.  All program eligibility requirements must be met. |
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Minimum Downpayment Required Based on Offer Price |
For MOHCD Use |
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Parking |
1 |
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Monthly Homeowner Dues |
$153.42 |
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Contact Person: |
Ka Kin Junie Ngai |
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Phone: Â |
415- 992-1938 |
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Email: |
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MSL Link: |
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Open House:Â |
Saturday, 5/12/2018 1:00pm-4:00pm |
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Special Remark: Â |
City Second Loan is available for qualified buyers on a first come, first serve basis.  The Property is subject to the City’s Grant of Right of First Refusal Agreement. New and all subsequent buyers will enter into a Grant of Right of First Refusal with the City. For more information please visit our websitehttp://sfmohcd.org/city-second-loan-program |