Affordable Homes In San Diego County!

By
Mortgage and Lending with Finance Of America NMLS #311662

Hello San Diego Peeps,

 

I am looking for some low-income families that might qualify for 2 affordable homes I have available this year. 

If you are not familiar with inclusionary housing, it is a process in which developers get a density bonus to build new construction homes as long as they build a percentage of affordable homes. These homes are sold below market rate and have deed restrictions that require they be sold to others that qualify in the future.

I have been doing inclusionary lending for my builder partners for 18 years and I have 2 units available in 2021. I had a list of qualified buyers that have been disqualified due to Covid. (these programs are supposed to help just these types of people, but that is another blog)

I have one 2BR 2.5BA townhome in Carmel Valley available immediately. (photo above is from the model) Must be a family of 2 to 4 people and they can make 65% of the AMI per family size. They get a $775,000 home for $194,500!

The second home is a 3BR 2.5BA SFR between San Marcos and Escondido. It will not be available until late this year. The family must be 3 to 6 people and make less than 50% of the AMI.

If you know anyone that might qualify please put them in touch with me!

Posted by

Matt Brady

Builder Sales Manager, NMLS ID#311662

(858)342-8659 cell |844-268-1952fax

 

 

 

mabrady@financeofamerica.comfamadvisor.com/matthewbrady   
8885 Rio San Diego Dr │ Suite 201  San Diego, CA 92108 

 

    

 

 

 

BIA SanDiego 19 year Member and P2 Sponsor

 

 

 

BIA SMCBoard Member since 2012

 

 

 

 

Comments (1)

Joan Cox
House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

Matt, what a wonderful opportunity for two deserving families, good luck! 

May 04, 2021 01:12 PM
Matt Brady

Hi Joan, the qualifications are difficult, but if they qualify it is sort of winning the lottery. 

May 05, 2021 10:15 AM