02/27/2021
IT"S BACK!
Don't miss this tremendous opportunity for "First-time Home Buyers" in San Francisco!
Mayors Office of Housing and Community Development (MOHCD)
Downpayment Assistance Loan Program (DALP) 2021
MOHCD will begin accepting applications on February 26, 2021.
DALP is a downpayment loan up to $375,000, to bid on a property on San Francisco's open market. The loan must be used on the downpayment of a single unit that will become a primary residence. The owner can re-sell the unit at market prices.
The DALP is a silent second loan that requires no monthly payments. When the property is sold or transferred, the owner pays MOHCD back the principal amount of the loan, plus an equitable share of appreciation.
There is special DALP for SFUSD teachers that can be combined with the existing DALP that becomes a grant and the loan is forgiven after a number of years. (See [email protected])
You can’t have owned any residential property anywhere within the last 3 years.
Your household must make under a certain amount. The maximum amount depends on the number of people in your household.
For 1 person, $103,450
For 2 people, $118,200
For 3 people, $133,000
For 4 people, $147,800
For 5 people, $159,600
For 6 people, $171,400
For 7 people, $183,250
For 8 people, $195,050
For 9 people, $206,900
Important Dates
February 26 Applications accepted
April 27, 5 pm Application deadline
June 1, 10 am DALP lottery
June 8 Lottery results posted
For information: [email protected]
