hey prescott.
See what you qualify for

Mayor's Office of Housing and Community Development (MOHCD) Limited Equity Program

San Francisco, California

Last verified
See what you qualify for
Repayment

Shared appreciation

Settled on the terms set by the administering agency

What is Mayor's Office of Housing and Community Development (MOHCD) Limited Equity Program?

Mayor's Office of Housing and Community Development (MOHCD) Limited Equity Program is a shared-appreciation loan for homebuyers in San Francisco, California.

  • City partners with developers to create permanently affordable for-sale housing. Resale prices capped to keep equity gain limited; ensures stock remains affordable to subsequent low/moderate-income buyers.
  • Below-market homes for low- and moderate-income first-time homebuyers in San Francisco. City sells land/funding to developers in exchange for sale to Eligible Buyers. Resale price controls keep homes affordable across generations.

Do you have to pay it back?

Mayor's Office of Housing and Community Development (MOHCD) Limited Equity Program is a shared-appreciation loan and is repaid under the terms set by the administering agency.

  • 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) Limited Equity Program 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 MOHCD homebuyer education classes required
  • Sourced via Homebuyer Wallet (CA250078). Buyers must complete MOHCD homebuyer education, get mortgage pre-approval, and enter lottery. Properties have permanent resale-price restrictions and other deed restrictions.

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) Limited Equity Program sets its income limit as follows: Income limits set per MOHCD annual schedule, varies by program tier.

  • 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) Limited Equity Program can be used for Single-family, Condo, Townhouse.

Where does it apply?

Mayor's Office of Housing and Community Development (MOHCD) Limited Equity Program serves buyers purchasing in San Francisco, California.

How do you apply?

Applications for Mayor's Office of Housing and Community Development (MOHCD) Limited Equity Program go through the administering agency.

  1. Take a homebuyer education course

    Required by the program, through MOHCD homebuyer education classes required.

  2. Contact the administering agency to reserve funds

    Funds are reserved through lottery, 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.

Other programs in San Francisco, California

See every program in San Francisco, California →

90-second match

Not sure which you qualify for?

Answer 9 questions and we'll match you to every program you can actually use — in about 90 seconds. No SSN, no credit pull.

Find my programs