1 Bedroom Below Market Rate (BMR) housing opportunity available at 90% Area Median Income (AMI).
Initial Posting Date on DAHLIA: May 28, 2024. See the complete listing details on DAHLIA.
Unit info
Sales price: $355,610
HOA dues: $757
Parking: No deeded parking space with the BMR unit. Leased parking may be available based on a waitlist.
Size: 612 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. Please contact the listing agent, Derrick Mar at (415) 806-6188 or derrick@derrickmar.com, for assistance.
To view virtual tour, click here.
Application Requirements
To apply for this listing, you must complete homebuyer education and get a mortgage loan pre-approval letter.
*If the homebuyer education is currently in process, you may submit a complete FCFS application package with the homebuyer education certificate to follow.
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 September 19, 2024, 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, 285 Main Street Unit 608
Instructions:
- Click on the secure link above.
- 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 “285 Main St Unit 608" – Last Name, First Name” (Example, 123 Sample Street Unit A – Smith, John).
Last updated September 12, 2024