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. 

1

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.

2

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.

3

Application Requirements

To apply for this listing, you must complete homebuyer education and get a mortgage loan pre-approval letter.

4

Application Assistance

If you need help to submit an application, you can contact your housing counselor. For a list of housing counselors, click here.

5

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.

6

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.  

7

Application instructions

Submit a complete application package via this secure link, 270 Valencia St Unit 201.

Instructions:

  1. Create a free account or log into your account with Box.
  2. 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).