The Limited Equity Program provides homeownership opportunities through the Office of Community Investment & Infrastructure (OCII) Inclusionary Program and former San Francisco Redevelopment Agency (SFRA).
The Limited Equity Program (LEP) helps low- and moderate-income first time homebuyers buy their first home in San Francisco. Units in the program are sold at prices below market rate.
Buyers applying for LEP homes must fulfill the homebuyer education requirements, get a mortgage loan pre-approval letter and go through a lottery process.
LEP homes are listed along with Condo Conversion and Below Market Rate (BMR) homes.
See current listings and apply.
All LEP homes were sponsored by the former San Francisco Redevelopment Agency (SFRA).
OCII is the successor agency to the SFRA. MOHCD manages all the homes developed by OCII and SFRA.
- LEP homes are repriced differently from other BMR homes when refinancing.
- Calculate estimated value for a LEP home during refinancing.
- Depending on the LEP home, capital improvements may be calculated differently from other BMR homes.