STEP-BY-STEP
270 Valencia Street Unit 201
Applications are being accepted on a first-come-first-served basis starting on 12/08/2022 at 8:00 AM PST.
2 Bedroom Below Market Rate (BMR) housing opportunity available at 120% Area Median Income (AMI).
Initial Posting Date on DAHLIA: October 28, 2022. See the complete listing details on DAHLIA.
Unit info
Sales price: $459,900
Affordable price: $386,263
HOA dues: $1,015.46
Parking: One (1) parking space
Size: 816 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, Jennifer Rosdail, at (415) 269-4663 or jennifer@rosdail.com, for assistance.
Application Requirements
To apply for this listing, you must complete homebuyer education and get a mortgage loan pre-approval letter.
Application Assistance
If you need help to submit an application, you can contact your housing counselor. For a list of housing counselors, click here.
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 Start Date
The application period starts on December 8, 2022, at 8:00 AM PST and remains open as first come, first served until it's no longer available.
Application instructions
Submit a complete application package via this secure link, 270 Valencia St Unit 201.
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 “270 Valencia #201 – Last Name, First Name” (Example, 123 Sample Street Unit A – Smith, John).