3256 16th Street Unit 3, San Francisco, CA 94103

Property Description

Dolores Park 1-bedroom, 1 bath, 1 parking Below Market Rate (BMR) housing opportunity available at 120% Area Median Income (AMI). Maximum income for 1 person = $130,900: 2 people = $149,650; 3 = $168,300; 4 =$187,000, etc. Must be 1st-time homebuyer & income eligible. Unit available thru the Mayor's Office of Housing and Community Development (MOHCD) &; subject to resale controls, monitoring & other restrictions. Unit will be listed on DAHLIA, the SF Housing Portal (https://housing.sfgov.org) starting on the application date, Tuesday, October 14th. Visit https://housing.sfgov.org for application & program info. Application, loan pre-approval, and homebuyer education verification due on Thursday, November 6th at 5:00 PM. OPEN HOUSE DATES/TIMES. Thursday, October 16th @ noon - 2pm - Sunday, October 19th @ noon-2pm - Tuesday, October, 28th 5pm-7pm. Fair Housing Opportunity. Prime Mission Dolores location near Dolores Park, Valencia Street shopping and restaurants, Market Street and BART. **SPECIAL NOTES** This condo project is NOT Fannie Mae approved. Please contact the listing agent, Charles Loiacono, for more information. Applicants applying for this BMR unit are eligible for one or more of the following one-time waivers*: Qualifying AMI of 140%, as shown on the listing reflects the one-time 20% increase. Do not need to be a first-time homebuyer. Can have income from assets excluded from total household income. Can purchase a two-bedroom home as a single person. Can complete the homebuyer education after applying. Can make a down payment more than 50% of the sales price. *Temporary adjustments to the eligibility requirements will expire on 06/30/2026 unless further extended by MOHCD. For details on the temporary adjustments, go to DAHLIA website and view program announcement.