The Story
140 South Van Ness Avenue 341
San Francisco, CA 94103 · Condo
Studio Below Market Rate (BMR) housing opportunity available at 100% Area Median Income (AMI). Maximum income for 1 person = $109,100; 2 = $124,700; 3 = $140,250; 4 = $155,850, etc. Must be 1st-time homebuyer & income eligible. TEMPORARY BUYER ELIGIBILITY WAIVERS: Increase in Qualifying AMI (120% for this unit); Removal of First-Time Homebuyer Requirement: Buyers will no longer be required to be first time homebuyers; Exclusion of Income from Assets: Income derived from assets may be excluded in the eligibility calculation; Flexibility in Homebuyer Education: The required first-time homebuyer education course may be completed after the initial application submission; Reduced Financing Requirements: Minimum financing requirements for buyers may be lowered to assist eligible buyers. Unit available thru the Mayor's Office of Housing and Community Development (MOHCD) & subject to resale controls, monitoring & other restrictions. …








