The Affordable For-Sale Housing Program makes it possible for low- and moderate-income families to buy a home at a price that is affordable.
Private sector developers built these homes. The properties meet the City of San Diego’s affordability requirements and are sold below market value.
To buy a home in one of these developments, your household’s gross annual income must be at or below San Diego’s Area Median Income (AMI) restrictions for the development. You must currently live and work in the County of San Diego for 2+ years and attend a homebuyer education class. Refer to the Homebuyer Education Providers list to find a provider.
You also need to be a first-time homebuyer (cannot have owned a home in the last 3 years) to buy one of these affordable for-sale homes. No all-cash buyers. Asset limitations applicable. Please note that SDHC First-Time Homebuyer Program loans and grants cannot be used in conjunction with the Affordable For-Sale Housing Program.
There are homes in six developments with long-term affordability requirements that are currently owned by families and individuals. When the current owner sells the property, it must be sold to an eligible buyer as determined/approved by SDHC. An extremely limited number of homes become available for resale each year. Properties available for sale are generally listed on Multiple Listing Service (MLS), and may also be found on real estate websites such as Zillow or Redfin. You should check the MLS periodically for new listings under this program.
Please review Affordable For-Sale Program Guidelines for additional eligibility requirements. After you confirm that you meet the eligibility requirements, you or your real estate agent may contact the listing agent of a property that is listed for sale to submit an application and income verification documents. The application and income documents are then forwarded by the listing agent to SDHC for an underwriting decision. If eligible, you will then be referred to an SDHC-approved loan officer/lender to obtain approval for the first trust deed loan before entering into contract to purchase a property.
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