Below Market Rate Unit (BMR). 1-BD LOFT / 1-BA / 1-Car Parking. The unit is available through the Mayor`s Office of Housing and is subject to resale controls, monitoring and other restrictions. You must be a FIRST TIME homebuyer and INCOME ELIGIBLE. Maximum income: 1-Person = $70,850; 2-People = $80,950; 3-People = $91,100. Offer package must include: Application, Loan Preapproval, Homebuyer Education Certificate and SF Purchase Contract. These are due by 5pm on December 3, 2013 @ Paragon Real Estate Group, 1400 Van Ness, San Francisco. The Lottery will be held on December 5, 2013 at 10am @ Mayor`s Office of Housing, 1 South Van Ness 5th Floor. Application at www.sf-moh.org. Fair housing opportunity. Due to rental and ownership percentages that exceed standard lending guidelines, Buyers must receive a loan from a BMR lender who will make a “portfolio” loan. To date, the only known lenders who qualify to lend under these circumstances are First Republic, Boston Private Bank and Trust, CitiMortgage. This is a spacious and very well located unit. With its southern exposure, you`ll have light all day, even in winter. Located around the corner from Market Street, public transportation is just outside the door, and it`s a quick walk to BART. The unit comes with 1 car parking. However, with a Walk Score of 95, a transit score of 100, and bicycle score of 96, you may never need your car again. The building is in the hip Valencia Corridor, with shops and a huge variety of restaurants. Pets are not allowed. For those who qualify, there`s real value in this unit well beyond its price.
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