The Mission Economic Development Agency official will be at the San Francisco Homeownership Fair from 10 a.m. to 3 p.m. Saturday at St. Mary’s Cathedral, 1111 Gough St. Information will be provided by a variety of exhibitors including lenders, Realtors, nonprofits and government agencies.
What is the homeownership fair? It’s an opportunity to learn about programs that are available in San Francisco for prospective homebuyers. The event will be provided in three languages and there will be workshops that consist of homeownership readiness, mortgage options, down payment assistance programs and property options.
What programs will be explained? We’re very fortunate in San Francisco that the Mayor’s Office of Housing and the San Francisco Redevelopment Agency both offer below market rate homes and down payment assistance programs.
Who is eligible for the programs? You have to be a first-time homebuyer within a low to moderate income range and you have to have at least 3.5 percent of the purchase price down.
What types of homes are available? For all new construction consisting of five units or more, 15 percent of the units have to be built and sold as below market rate homes.
What are the price ranges for the below market rate homes? They range from $180,000 up to about $350,000.