Affordable Homes in Bayview

Bay Oaks Homes
4800 Third Street & Oakdale Avenue

Buyers Must Meet The Following:

  • Qualify for a private home loan with an approved lender and household income cannot exceed 100% of Area Median Income as determined by current HUD guidelines
  • Has not owned a principal residence within the previous three years; certified by use of tax returns for the most recent three years
  • May not rent units to third parties
  • Must qualify for a first mortgage with a preferred or other lender, i.e., have acceptable credit, stable employment and manageable debt
  • Ability to provide a 5% down payment, of which a minimum of 3% must be from the buyer's own funds; 2% may be provided to the applicant as a gift
  • Commitment to participate in resale restrictions, all other requirements of the Limited Equity Program, and compliance recertification
  • Mst qualify and obtain a mortgage for at least half the Affordable Purchase Price (e.g. down payment may not exceed 50% of the APP)

Maximum Income Qualifications

Your income cannot exceed the following based on household size including children:

Household
Size
 70%
AMI
 80%
AMI
90%
AMI
100%
AMI
120%
AMI
 1  $46,200 $52,800
   $59,400  $66,000  $79,200
 2  $52,800 $60,350
   $67,900  $75,450  $90,550
 3  $59,400 $67,900
$76,350
 $84,850
$101,800
 4 $66,000 $75,450
$84,850
$94,300 $113,150

If you think your income is too low, contact SFHDC to learn about additional grants and downpayment assistance using the Certificate of Preference, WISH, EARN, and Mortgage Credit Certificate (MCC) programs.

Preferences:

SELECTION IN THE LOTTERY WERE MADE IN ACCORDANCE WITH THE FOLLOWING PREFERENCES
Preference
 Applicants Category
 1 Hunters Point Certificate of Preference Holders
 2 Western Addition Certificate of Preference Holders
 2 Certificate of Preference Holders - Residential G
 3 Rent burdened or assisted housing residents, defined as persons paying more than fifty percent (50%) of their income for housing, or persons residing in public housing or Project-Based Section 8 Housing;
 4 San Francisco Residents
 5 Members of the General Public

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