New Affordable Homes at 400 Grove 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.
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