Brand new 1, and 2 bedroom condo homes, priced and subsidized to be affordable for households earning up to 120% of the area median income. Located at El Camino and Mission. For more information about Park Station visit the builder's website at www.summerhillhomes.com.

For more information about eligibility for Park Station BMRs please continue reading below. For information about the City of South San Francisco's first time homebuyer programs visit the City web site at City of South San Francisco. Pricing and subsidies for Park Staion BMRs to be announced.

Do not direct BMR inquiries to the City of South San Francisco by phone or through the Park Station website. You will be redirected back to this website. Click on the links at the left for more information on how to determine your eligibility and to start your application process.

Eligibility Requirements

The following eligility requirements are for Park Station. In order to purchase a BMR, you must meet at least the following criteria:

• Anyone can apply for any bedroom size regardless of where they live or work. However, South San Francisco residents or employees will recieve priority.
• Must be a first time home buyer
• Must occupy the home as your primary residence
• Must have a good credit rating and not be overextended with debt.
• Must have a combined household income of no more than 120% of the area median income based on household size.

Maximum qualifying incomes are as follows:

Income limits are likely to slightly increase.

Eligibility Screening

In order to determine your eligibility to participate in a BMR, you may use this site to submit an eligibility worksheet to First Home, Inc. Upon receiving a completed eligibility/screening application and $40 application fee, First Home will review and analyze your income, savings and credit and notify you regarding your eligibility status. $40 application fee includes cost of running tri-agency mortgage credit report.

If you are eligible, you will be asked to come in and meet with a counselor who will help find the subsidies that you are qualified for. It is likely that there will be more applicants than available homes. In this case, applicants will be chosen through a lottery system. Unless otherwise advised by you, all
interested buyers on the eligible list will be automatically placed into the lottery system.

If you are not eligible, First Home will direct you to resources and services that you can contact to further discuss your homebuyer efforts.

Submitting an eligibility worksheet/application does not guarantee that you will be chosen or able or to purchase a BMR. However, providing accurate information on your application will provide you greater assurance that your name will be applied towards the lottery and ensure that FHI will contact you at the appropriate time to notify you of your next steps (even if you are ineligible for the BMRs).