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 do not need to be a first-time homebuyer to buy one of these affordable for-sale homes. However, you cannot own a home at the time you purchase one of the affordable for-sale units. If you are a first-time homebuyer, you may qualify for financial assistance through the San Diego Housing Commission’s (SDHC) First-Time Homebuyer Program. A first-time homebuyer is defined as someone who has not owned a home for the past three years.
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.
SDHC maintains an interest list for Affordable For-Sale homes as a courtesy to help to identify potential buyers who may qualify to purchase one of the homes. However, homeowners may sell these affordable homes to any buyer that meets program requirements, regardless of whether they are on the interest list.
A very limited number of these affordable homes are available for sale each year. If you are interested in purchasing a home in one of these developments, please complete and return the pre-qualification package along with income verification documents to email@example.com. Valid income verification documents include: paystubs, social security award letter, support order, or if self-employed, a profit and loss statement and tax returns for the last three years. If eligible, your name will be placed on the interest list and we will email you when a unit becomes available.
If you have additional questions, contact firstname.lastname@example.org