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.

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.

Mayor's Office of Housing and Community Development (MOHCD) Limited Equity Program is open to first-time homebuyers and homebuyers who will live in the home as their primary residence. "First-time homebuyer" usually means not having owned a home in the last three years, but the program sets its own definition. A homebuyer education course is required, 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.

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.

Mayor's Office of Housing and Community Development (MOHCD) Limited Equity Program can be used for Single-family, Condo, Townhouse.

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

Applications for Mayor's Office of Housing and Community Development (MOHCD) Limited Equity Program go through the administering agency. Funds are reserved through lottery. Hey Prescott is not a lender and does not accept applications; this page describes the program so a homebuyer can take it to a lender or housing counselor.