STEP-BY-STEP
83 McAllister Street Unit 404
Applications are being accepted on a first-come-first-served basis starting on 06/15/2023 at 8:00 AM PST.
Studio Below Market Rate (BMR) housing opportunity available at 100% Area Median Income (AMI).
Initial Posting Date on DAHLIA: March 27, 2023. See the complete listing details on DAHLIA.
Unit info
Sales price: $195,000
HOA dues: $424
Parking: No parking space
Size: 264 sq. ft.
Changes in AMI: MOHCD will use the income limit from the most current year’s area median income (AMI) chart to determine eligibility for an applicant.
To view the unit
Individual viewings are available by appointment only. Please contact the listing agent, Danielle Bales at (650) 799-4440 or danielle.bales@sothebys.realty, for assistance.
Application Requirements
To apply for this listing, you must complete homebuyer education and get a mortgage loan pre-approval letter.
Temporary Adjustments to Applicant's Eligibility Requirements
MOHCD may grant one or more of the following one-time waivers* to applicants applying for this BMR unit:
- Increase qualifying AMI by up to 20%.
- Remove first-time homebuyer requirement.
- Exclude income from assets in the calculation.
- Adjust household size rules.
- Allow homebuyer education completion after the initial application.
- Lower minimum financing requirements for buyers.
*Temporary adjustments to the applicant's eligibility requirements will expire on 06/30/2025 unless further extended by MOHCD. For details on the temporary adjustments, view the program announcement.
Application Assistance
If you need help to submit an application, you can contact your housing counselor. For a list of housing counselors, click here.
Application Start Date
The application period starts on June 15, 2023, at 8:00 AM PST and will remain open as first come, first served until it's no longer available.
Application instructions
Submit a complete application package via this secure link, 83 McAllister #404.
Instructions:
- Create a free account or log into your account with Box.
- Combine the application form and all required documents into one PDF file and name the PDF file “83 McAllister #404 – Last Name, First Name” (Example, 123 Sample Street Unit A – Smith, John).