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New BMR Rental Units: 1600 15th Street (Vara Apartments)

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Posting Date

4/8/ 2013

Type Of Unit

Mayor's Office of Housing and Community Development Below Market Rate Rental Program
(click here for program information)

Development Name

Vafa Apartments

Address

1600 15th Street, San Francsico, CA 94103

Number of Bedrooms

Studio, 1, 2, and 3-bedroom apartments

Neighborhood

Mission

Square Footage

513 to 1,237 sq.ft.

Year Built

2013

Rent by Unit Size

Studio unit(s): $939
One bedroom unit(s): $1,066
Two bedroom unit(s): $1,192
Three bedroom unit(s): $1,309

Maximum Allowable Income Level of Applicants

55% of Maximum Income by Household Size derived from the Unadjusted Area Median Income (AMI) for HUD Metro Fair Market Rent Area (HMFA) that contains San Francisco in 2013. 

A one person household can make no more than $38,950
A two person household can make no more than $44,500
A three person household can make no more than $50,100
A four person household can make no more than $55,650
A five person household can make no more than $60,100
A six person household can make no more than $64,550
A seven person household can make no more than $69,050

(Households must be at least as many people as bedrooms in the unit.)

Other Qualification Notes

Ability to pay rent standard – must not have more than 2 late rent payments in the prior 12 months
Credit Standard – must have fair or better credit score
Rental History Standard – have zero evictions
Criminal History Standard – pass a federal background check
Maximum Household Size Standard – please complete
Other – must not currently be in the process of bankruptcy
Other – must not have a current rental collection balance

Parking

Limited parking available on a first come, first serve basis. Parking spaces range from $100 to $250 per space.

Contact Person

Bryce Chaddick

Phone

415-552-8281

Email

Vara-BMR@sales-regis.com

Website

http://www.vara-sf.com/bmr

How to obtain an application

You must contact the building directly to receive an application for this development.

There are four ways to obtain an application for Vara BMR units:
(1) Applications can be completed online at http://www.Vara-sf.com/bmr
(2) Applications can be downloaded from the following website until May 6, 2013: http://www.Vara-sf.com/bmr
(3) Applications can be picked up in person on Sunday – Thursday 9:00 AM – 5:00 PM ONLY, from April 8 – May 6, 2013 at 1928 Mission Street, San Francisco, CA 94103.
(4) Applications are available at the Information Sessions on 4/10, 4/19, and 4/23

Application deadline

5/6/2013 at 5:00pm
Applications must be received by 5pm. Postmarked applications received after the deadline will not be accepted.

Address to which application should be delivered

Vara/BMR
Attn: Bryce Chaddick
1928 Mission Street
San Francisco, CA 94103

Lottery Date, Time and Location

5/13/2013, 10am
The San Francisco Public Library Main Center; Room: Latino Room 
100 Larkin Street, San Francisco, CA 94102

Applicants do not need to be present at the lottery. Results will be posted to http://www.Vara-sf.com/bmr within two weeks of the lottery. Lottery date is 5/13/2013 and results will be posted no sooner than 5/27/2013.

Open Houses

Thursday, April 25th, 12:00PM – 2:00 PM
Monday, April 29th, 5:00PM – 7:00 PM
Wednesday, May 1st, 5:00PM – 7:00 PM

Location: Vara Apartments Temporary Office
1928 Mission Street, San Francisco, CA 94103

Information Sessions

Wednesday, April 10th, 6:00 – 7:30 PM
Location: The San Francisco Public Library Main Center; Room: Latino Room
100 Larkin Street, San Francisco, CA 94102

Friday, April 19nd, 12:00 – 2:00 PM
Location: The San Francisco Public Library Main Center; Room: Koret Auditorium
100 Larkin Street, San Francisco, CA 94102

Tuesday, April 23rd , 12:00 – 2:00 PM
Location: The San Francisco Public Library Main Center; Room: Koret Auditorium
100 Larkin Street, San Francisco, CA 94102

Special Note(s)

View these units on Craig's List.

Last updated: 6/17/2013 12:34:25 PM