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BMR Re-Rental: 2235 Third Street, Unit E305

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Posting Date

12/02/13

 

Type of Unit

Mayor’s Office of Housing and Community Development (MOHCD)

Inclusionary Housing Program

Below Market Rate Rental Program 

(Click here for program information)

Development Name

Potrero Launch

Address

2235 Third Street

Unit Number(s)

E305

Number of Bedrooms

2-bedroom

Neighborhood

Dogpatch

Square Footage

712

Year Built

2013

Maximum Allowable Income Level of Households

50% of Maximum Income by Household Size derived from the Unadjusted Area Median Income (AMI) for HUD Metro Fair Market Rent Area (HMFA) that contains San Francisco 2013

A two person household can make no more than $40,500

A three person household can make no more than $45,550

A four person household can make no more than $50,600

A five person household can make no more than $54,650

A six person household can make no more than $58,700

(Please visit www.sf-moh.org for larger households.)

 

(Please visit http://sf-moh.org/index.aspx?page=23 for larger households.)

Minimum Allowable Income Level of Households

Household income must equal at least $2,695 per month, which is 2.5 times the monthly rent.

Minimum Household Size Rule

Households must be at least as many people as there are bedrooms in the unit to apply.

 

Maximum Household Size Rule

Households can be no more than 2 occupants per bedroom plus 1 additional occupant.

 

Other Qualification Notes

View tenant selection criteria by clicking here.

Rent

2013 Maximum Monthly Rent By Unit Type (without utilities)

 

50% of Unadjusted Area Median Income (AMI) for HUD Metro Fair Market Rent Area (HMFA) that contains San Francisco

2-Bedroom - $1,078

Deposit Required for Move-in

$1,078 equal to one month’s rent

Parking

One parking space per unit available for $250.00 a month.

 

Which, if any, utilities are paid by the building?

Water Heating, Gas, Water, Sewer, Trash and valet waste.

How are utilities paid by the renter?

Renter pays own electric directly.

 

 

Other fees and/or building rules

$25 per month pet fee plus $500 pet deposit. This is a non-smoking building.

Contact Person

Alex La Flam

Phone

415-626-3100

Email

potrerolaunch@riverstoneres.com

Website

http://www.bmr-potrerolaunch.com/        

Open House Dates

Date: 12/3/13

Time: 6:00-8:00 pm

 

Date: 12/7/13

Time: 10:00 am-12:00 pm

How to obtain an application

Contact Rental Manager or download from MOHCD website by clicking here.

Application deadline

December 9th, 2013, 5pm

Note: Applications must be received in the leasing office by 5pm on the day of the application deadline.

Address to which application should be delivered

Office: Potrero Launch

Attn: Alex LaFlam – Rental Manager

2235 Third Street

San Francisco CA 94107

Lottery

Date: 12/12/13

Time: 2pm

Location: Mayor’s Office of Housing

1 South Van Ness Avenue, 5th Floor

SF, CA 94103

Procedures Manual

All BMR renters must review and acknowledge the Inclusionary Affordable Housing Program Monitoring and Procedures Manual 2013 that governs this property upon the signing of a lease for a BMR unit.

Special Note(s)

Applicants should be informed that BMR rental units in some buildings may convert to ownership units in the future.  In the case of conversion, BMR renters will be afforded certain rights as explained in the Inclusionary Affordable Housing Program Monitoring and Procedures Manual 2013. Applicants should inquire with the building contact person listed above to determine if the building has a minimum number of years that it must remain a rental building.  (Some buildings may have such restrictions based on government sources of financing for their building.) Most buildings may have no restrictions on conversion at all.

 

It is also important to note that units governed by the Inclusionary Housing Program are NOT governed by the San Francisco Rent Ordinance (also known as “rent control”). Among other rules, rents may increase beyond increases allowed under “rent control.”  Please see the Inclusionary Affordable Housing Program Monitoring and Procedures Manual 2013 for more information.

Last updated: 12/2/2013 4:47:50 PM