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Lottery Opening Up For Chance To Buy SF Condos Under $250K

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(CBS)

(CBS)

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SAN FRANCISCO (CBS SF) – Qualifying first-time home buyers looking to crack the San Francisco housing market are being encouraged to enter a lottery for below market rate condominiums in the Hays Valley neighborhood.

Prices on the 24 unit building range from just over $200,000 to nearly $224,000. Applications are due by Friday, and applicants must submit a first-time homebuyer certificate.

Individuals who apply cannot earn more than $56,700 per-year. Two-person households can’t earn more than $64,750.

Condos at 1600 Market St. are around 800 square feet and include a roof deck and bike parking. There is no car parking in the building.

Move-ins may begin as soon as November.

Visit the apartment website for additional application information.

 

(TM and © Copyright 2013 CBS Radio Inc. and its relevant subsidiaries. CBS RADIO and EYE Logo TM and Copyright 2013 CBS Broadcasting Inc. Used under license. All Rights Reserved. This material may not be published, broadcast, rewritten, or redistributed. The Associated Press contributed to this report.)

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