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Mayor's Office of Housing and Community Development (MOHCD) Below Market Rate Downpayment Assistance Loan Program (BMR DALP)

San Francisco, California

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Assistance

0.2%

Of the purchase price, as the program sets it

Income limit

120% AMI

Of area median income; varies by county and household size

Repayment

Shared appreciation

Settled on the terms set by the administering agency

What is Mayor's Office of Housing and Community Development (MOHCD) Below Market Rate Downpayment Assistance Loan Program (BMR DALP)?

Mayor's Office of Housing and Community Development (MOHCD) Below Market Rate Downpayment Assistance Loan Program (BMR DALP) is a shared-appreciation loan for homebuyers in San Francisco, California.

  • Silent-second deferred loan tied to BMR units. Repayment = principal + equitable share of appreciation. Need-based; maximum 20% of sales price.
  • Silent-second loan up to 20% of sales price for BMR unit purchase. No interest, no monthly payments. Owner repays principal + equitable share of appreciation upon sale, rent, or title transfer.
  • Funding comes from MOHCD.

How much assistance does it provide?

Mayor's Office of Housing and Community Development (MOHCD) Below Market Rate Downpayment Assistance Loan Program (BMR DALP) provides assistance worth 0.2% of the purchase price, as set by the program.

  • Buyer contribution: Minimum 3% of sales price.
  • Amounts are the program's published maximums, not an offer — the administering agency determines any individual award.

Do you have to pay it back?

Mayor's Office of Housing and Community Development (MOHCD) Below Market Rate Downpayment Assistance Loan Program (BMR DALP) is a shared-appreciation loan and is repaid under the terms set by the administering agency.

  • Repayment is triggered by sale, rent, or title transfer.
  • Forgiveness and repayment terms are set by the program and can change — confirm them on the official program page before applying.

Who qualifies?

Mayor's Office of Housing and Community Development (MOHCD) Below Market Rate Downpayment Assistance Loan Program (BMR DALP) is open to first-time homebuyers and buyers who will live in the home as their primary residence.

The program requires

  • First-time homebuyer — the program sets its own definition
  • The home is occupied as a primary residence
  • A completed homebuyer education course, through Required - MOHCD homebuyer education
  • Sourced via Homebuyer Wallet (CA250077). Borrower minimum 3% of sales price contribution. Maximum income 120% AMI. 30-year term. Need-based — only what's required for affordability after maximum 1st-mortgage financing. Must purchase a BMR unit.

The program excludes

  • Households above 120% of area median income

These are the program's own published rules, not a decision about any individual — the administering agency and a lender determine who actually qualifies.

What are the income limits?

Mayor's Office of Housing and Community Development (MOHCD) Below Market Rate Downpayment Assistance Loan Program (BMR DALP) limits household income to 120% of the area median income, which varies by county and household size.

  • Maximum 120% of San Francisco AMI.
  • The limit applies to total household income, not only the borrower’s.
  • Area median income figures are published by HUD and updated annually, so check the current table for the county before relying on a number.

What kind of home can it be used for?

Mayor's Office of Housing and Community Development (MOHCD) Below Market Rate Downpayment Assistance Loan Program (BMR DALP) can be used for Single-family, Condo, Townhouse.

Where does it apply?

Mayor's Office of Housing and Community Development (MOHCD) Below Market Rate Downpayment Assistance Loan Program (BMR DALP) serves buyers purchasing in San Francisco, California.

How do you apply?

Applications for Mayor's Office of Housing and Community Development (MOHCD) Below Market Rate Downpayment Assistance Loan Program (BMR DALP) go through the administering agency.

  1. Take a homebuyer education course

    Required by the program, through Required - MOHCD homebuyer education.

  2. Contact the administering agency to reserve funds

    Funds are reserved through first-come-first-served via approved lender, and are subject to availability.

  3. Work with a lender who handles the program

    Hey Prescott is not a lender and does not accept applications; this page describes the program so a buyer can take it to a lender or housing counselor.

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