Affordable Housing for First-Time Buyers in S.F.

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A one-bedroom is available at 550 South Van Ness Ave. Screenshot courtesy of Mission Local

By Joe Rivano Barros, Mission Local

With the median sales price in San Francisco $1.1 million at the end of 2015 — up from $681,000 in 2010 — buying a home in San Francisco may seem impossible for anyone without sizable savings and income. But for the few ready to jump through some housing hoops to enter a lottery, there are currently dozens of affordable housing units aimed at low to middle income first-time homeowners. In addition, the city has a variety of loan assistance programs for those who can buy market-rate.

With just 56 available units out of a total of 900 citywide, the inclusionary housing program is no panacea for those trying to stay in the city, but it does offer a chance for some to move into the tightest housing market in the country.

Read the complete story at Mission Local.

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