Sponsored by the City’s Office of Community Investment and Infrastructure, 400 China Basin is part of the City’s Limited Equity Program, offering permanent affordable home ownership to middle-income individuals and families.
Administered by the Mayor’s Office of Housing and Community Development, which oversees all BMR homes in the City, this project is part of a broader initiative to build 1,100 affordable housing residences in Mission Bay, including two affordable sites designated for first-time homebuyers.
During the purchase process, buyers will be guided by a highly experienced team of housing counselors, buyer’s advocates and sales agents all with substantial BMR experience.
Buyers must be first time buyers and must not exceed the maximum income per household:
• One Person | $110,950
• Two People | $126,850
• Three People | $142,650
• Four People | $158,500
• Five People | $171,200
• Six People | $183,850
There are 148 1, 2 and 3-bedroom residences to suit different preferences.
Unit Types:
1BD | 1BA
~500 - 750 Square Feet
HOA dues $420 - $450
2BD | 1.
5BA
~800 – 1,000 Square Feet
HOA dues $450 - $475
3BD | 2BA
~1,000 – 1,250 Square Feet
HOA dues $480 - $520
APPLICATION INFORMATION
Set up an account on the City's DAHLIA Housing portal https://housing.
sfgov.
org/.
Watch the information & application workshop on the 400 China Basin website and make sure you are prepared to submit your application.
Applications Due May 31,2024
Sign up for a free program orientation at homeownershipsf.
org
HOW TO APPLY:
Complete homebuyer workshops and individual counseling.
https://www.
homeownershipsf.
org/homebuyer-education/
Get pre-approved for a mortgage loan by a MOHCD-approved lender.
https://www.
sf.
gov/reports/april-2024/find-lender-below-market-rate-program
Submit a lottery application before MAY 31,2024
https://www.
sf.
gov/get-priority-housing-lottery
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