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. You will work with a loan officer from our Participating Lender List to obtain approval for the first trust deed loan.
Refer to the Affordable For-Sale Program Guidelines for additional details.
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 identify potential buyers who may qualify to purchase one of the homes. However, homeowners may sell these affordable homes to any buyer who meets program requirements, regardless of whether they are on the interest list.
Several hundred applicants are on the current interest list. An extremely limited number of homes become available for resale each year, and the waiting period is long and unpredictable.
If you are interested in purchasing a home in one of these developments, please complete a Pre-qualification Application package and upload income verification documents. Valid income verification documents include: paystubs, Social Security award letter, child support order, or if self-employed, a profit and loss statement and tax returns for the last three years. After submission of a complete application and income verification documents, you will receive an email in 7-10 business days informing you of your eligibility. If eligible, your name will be placed on the interest list and we will email you when a unit becomes available to purchase.
If you are already on the interest list, SDHC will contact you when an affordable unit becomes available.
If you have additional questions, contact [email protected].