San Francisco Community Land Trust (SFCLT) - Homeownership Program

San Francisco Community Land Trust (SFCLT) - Homeownership Program is down payment assistance for homebuyers in San Francisco, California. CLT model providing permanently affordable homeownership in San Francisco through 99-year ground leases. Focused on tenant protection and anti-displacement. Below-market purchase prices for income-qualified buyers. Shared equity resale formula. shared equity with provider at resale. Funding comes from Non-profit / City of San Francisco / Grants.

San Francisco Community Land Trust (SFCLT) - Homeownership Program is down payment assistance and is repaid under the terms set by the administering agency. Repayment is triggered by Resale subject to CLT resale formula and CLT has right of first refusal. The assistance is recorded in 2nd lien position. Forgiveness and repayment terms are set by the program and can change — confirm them on the official program page before applying.

San Francisco Community Land Trust (SFCLT) - Homeownership 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. On credit, the program states: Contact lender for current credit score requirements. A homebuyer education course is required. Residency requirement: San Francisco, CA. Citizenship or immigration status: U.S. citizen, permanent resident alien, or other eligible non-citizen. 99-year ground lease. Primarily focuses on converting renter-occupied buildings to CLT ownership. Income limits vary by unit.

San Francisco Community Land Trust (SFCLT) - Homeownership Program sets its income limit as follows: Low income: household income ≤80% of Area Median Income (AMI). The limit applies to total household income, not only the borrower’s. The program lists a maximum household size of 8. Area median income figures are published by HUD and updated annually, so check the current table for the county before relying on a number.

San Francisco Community Land Trust (SFCLT) - Homeownership Program caps the purchase price as follows: Conforms to FHA/conventional high-balance limits for this high-cost county; contact program for current limits. Eligible property types include CLT resale-restricted single-family or condominium. New construction is eligible. Manufactured homes are not eligible.

San Francisco Community Land Trust (SFCLT) - Homeownership Program serves homebuyers purchasing in San Francisco, California.

Applications for San Francisco Community Land Trust (SFCLT) - Homeownership Program go through the administering agency, which publishes the current terms and the application steps on its own site. Funds are reserved through Contact provider directly; subject to funding availability. 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.