New Affordable Homes at 400 Grove

New Affordable Homes at 400 Grove
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Four smartly-designed studio, one- and two-bedroom condominium residences
Prices range from $172,304 - $238,470 without parking and $280,531 - $346,697 with parking
Two parking spaces will be made available to BMR buyers for $125,000 each by lottery rank
Buyers must be first-time homebuyers and buyers must not exceed the following incomes:
100% OF MEDIAN INCOME BY HOUSEHOLD SIZE
Household
Size
One Person
100% of Median
Income 2015
$71,350
Two People
$81,500
Three People
$91,700
Four People
Five People
Six People
$101,900
$110,050
$118,200
Applications due by Monday, June 8, 2015, by 5pm to Monica Merchain, 400 Grove Street, Model Home,
San Francisco, CA 94102. The sales office is open Wednesday and Thursday from 3-6pm, and Sunday from
12-5pm. The sales office will also be open June 8, 2015, from 10am-5pm.
Contact Monica Merchain at [email protected] For information on the building please visit www.400grove.com/bmr.
To view the full unit posting, please visit www.sfmohcd.org. Units are monitored through the San Francisco Mayor’s Office
of Housing and Community Development and are subject to monitoring and other restrictions. Visit www.sfmohcd.org for
program information.
Information Session
Wednesday, May 6 at 4-6pm
Mayor’s Office of Housing and Community
Development 1 S. Van Ness Avenue, 5th Floor, San
Francisco, CA
Open House Dates
Sunday, May 10 from 12-5pm
Wednesday, May 13 from 3-6pm
Sunday, May 17 from 12-5pm
400 Grove Street – Model Home, San Francisco, CA 94102
Since this is a construction please wear long sleeve shirts and closed toe shoes.
Lottery Date
June 17th at 10:30am
Mayor’s Office of Housing and Community
Development 1 S. Van Ness Avenue, 5th Floor
All adult titleholders must complete a first-time homebuyer workshop and one-on-one counseling
through any of the City’s five approved first-time homebuyer counseling agencies in order to
apply. Applicants can visit www.homeownershipsf.org to view upcoming workshops. Please sign
up right away, as classes tend to fill up quickly and often require two or more meetings.
Applicants for 400 Grove must obtain a loan preapproval from one of the approved
participating lenders listed on The Mayor’s Office of Housing and Community Development
website in order to apply.
Cooperating broker commission available at 2.5% for realtors who accompany BMR
applicants upon their first visit to the building and who register with the building upon that
visit.
All applicants are encouraged to apply. Lottery preference will be given to Certificate of
Preference holders*, and households that currently live or work in San Francisco.
* Certificate of Preference (COP) holders are primarily households displaced in Redevelopment Project Areas during the 1960’s and 1970’s, but may also
include other persons displaced by Agency action. Please contact 415-701-5613 for more information.
BMR Bedrooms Baths
Unit
101
206
305
306
1
2
0
2
400 Grove Street
San Francisco, CA
400grove.com/bmr
1
1
1
1
Square
Feet
Floor
Price w/o
Parking
Price with
Parking
Income
Maximum
485
805
427
755
1
2
3
3
$213,407
$235,086
$172,304
$238,470
$321,634
$343,312
$280,531
$346,697
90% of AMI
90% of AMI
90% of AMI
90% of AMI
Monthly
Monthly HOA
HOA Dues
Dues with
w/o Parking
Parking
$657.18
$754.91
$783.87
$881.60
$645.04
$742.77
$764.15
$861.88
Down Payment
Required
10%
10%
10%
10%
of sale price
of sale price
of sale price
of sale price
EXCLUSIVELY REPRESENTED BY THE MARK COMPANY.
CALBRE LICENSE # 01235902.
This is not an offer to sell, but is intended for information only.
The developer reserves the right to make modifications in materials,
specifications, improvements, plans, designs, amenities, pricing,
scheduling and delivery of the homes without prior notice.