December 4, 2013
A Luxury Two-Bedroom Dogpatch Loft For A Grand
A 712 square foot Potrero Launch two-bedroom loft with polished concrete floors, stainless steel appliances, barn style bedroom doors and a whole host of building amenities including complimentary Wi-Fi is now available for $1,078 per month. And yes, there's a catch or two.
As part of San Francisco's Below Market Rate (BMR) Affordable Housing Program, the income for the tenants of the Dogpatch two-bedroom cannot exceed 50% of the Area Median Income, a maximum household income of $40,500 for two people or $45,550 for three. At the same time, the minimum household income to qualify for apartment E305 is at least $32,340 a year.
Applications for the two-bedroom BMR are due on December 9 with a lottery to follow depending upon the number of applicants. A market-rate two-bedroom of 852 square feet is also available in the building at 2235 Third Street for $3,950 a month, no lottery needed, and a 360 square foot studio for $2,425 which is nine dollars less than average in San Francisco these days.
First Published: December 4, 2013 7:30 AM
Comments from "Plugged In" Readers
Below Market Rate (BMR) Affordable Housing Program. That's some politically correct progressive rhetoric, let's call this what it truly is... "subsidized housing". The developer/property owner is subsidizing the rent, not the government, not anyone else.
Posted by: Potrero at December 4, 2013 7:58 AM
I never understood why anyone would pay near the rent wanted here. There's just not a lot to do around there, and the T line is a joke. I could maybe see if someone had to take Caltrain every day, but even still I personally would pass.
Posted by: Sam at December 4, 2013 7:58 AM
Neither bedroom has a window, and therefore, this should legally be considered a studio+. Guess the folks at planning who administer the BMR rules don't know any better...
...or they realize that less rent should equal less apartment.
Posted by: rubber_chicken at December 4, 2013 8:38 AM
That's not a 2BR, it's a studio with two walk-in closets.
This really puts the BM in BMR.
Posted by: formidable doer of the nasty at December 4, 2013 8:47 AM
If you look at the lower/tan bedroom, you'll notice that the door - as drawn - wouldn't close. Seems pretty small.
Posted by: jlasf at December 4, 2013 12:26 PM