Spending over $300,000 for a condominium might seem like a lot of money. However, in pricey San Francisco the median sale price for a home topped $1.5 million in June. So, a condo for $316,000 might sound like a bargain for someone looking to get on the property ladder.
Of course, there are some hoops you’ll need to jump through to qualify and find yourself the owner of an affordable San Francisco condo. The San Francisco Housing Portal is a city-run site that lists affordable homebuying opportunities. They have specific requirements regarding income, occupancy, and mortgage preapproval.
Below I’ve listed two affordable condos that are currently available for purchase through the housing program. You can find other affordable homebuying and renting opportunities on the government’s website.
Please note that details are subject to change at the discretion of the San Francisco Housing Portal. Be sure to check out the links provided or contact the housing authority directly for the most updated information.
Glen Park condo for $316,058
The first example is a studio condo in the Glen Park neighborhood with a sales price of $316,058 and HOA dues of $592 per month. The condo's address is 95 Ora Way, Unit F211, San Francisco, 94131.
The unit is 409 square feet and was built in 1975. It includes a refrigerator, stove, and dishwasher. The HOA dues cover water and garbage. There is one parking space with this unit. Property amenities include laundry room, recreation room, and onsite management.
The application deadline is August 8, 2022, at 5:00 PM. To apply, go to the 95 Ora Way Unit F211 page on the San Francisco Housing Portal. You’ll find a full list of eligibility requirements on the site, including income, occupancy, down payment, and mortgage preapproval requirements.
Mission Bay condo for $455,253
This next example is a three-bedroom condo in the Mission Bay neighborhood with a sales price of $455,253 (price is negotiable) and HOA dues of $711 per month. The condo's address is 330 Berry Street, Unit 100, San Francisco, 94158.
The unit is 1,159 square feet and was built in 2009. It includes a refrigerator, stove/oven, dishwasher, washer, and dryer. The HOA dues cover water, sewer, and trash. There is no parking space with this unit. Property amenities include a courtyard, greenbelt area, and elevator.
The application deadline is August 10, 2022, at 5:00 PM. To apply, go to the 330 Berry Street Unit 100 page on the San Francisco Housing Portal. On the site, you’ll find a list of eligibility requirements. These include income, occupancy, down payment, and mortgage preapproval requirements.
What do you think of these affordable condominiums offered by the city and county of San Francisco?
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