It might still be wrapped in scaffolding, but applications are now available for the 131 Below Market Rate (BMR) condos that will compose Mission Walk (330/335 Berry Street).
25 one, 82 two, and 24 three bedroom units priced from $159,474 to $302,735.
Qualified buyers will have incomes of up to 80%-100% of the area median. Applications are due January 22nd, 2009. And a lottery for the 131 units will be held on January 28th.
Hard to beat those creekside units and great location for those without a car. Only wish there were more family friendly 3 bedroom units.
Too bad these BMR units don’t include those that have a household income of around $200k. That is still not enough to buy a new 2 bedroom unit at market rate.
I’m confused. is this mission bay or mission rock or what?
@jessep
The neighborhood is Mission Bay. The building name is Mission Walk and one building is next to Arterra, the other is next to Park Terrace.
Does anyone know the probability of winning the lottery for a 3 bedroom place? Or, alternatively, is it on the order of “low to very low probability”?
Also, does one need one or more than one year of tax record?
Thanks
You need 3 years of tax records for all adults who will be living in the unit (and who must be on the loan). As for the lottery, that depends on how many people apply. Supposedly people who work or live in SF already get preference.
Where I can find the result from the lottery yesterday? Thank you.
there’s a link to the PDF of lottery results here:
http://www.homebricks.com/Default.aspx?DN=b6a22a44-f703-453d-b4c7-a83ed18cf699
When will condos be ready for occupancy?