Current Qualified Properties

Extra Credit Home Purchase Program

The City and County of San Francisco and San Francisco Unified School District are now offering an innovative program to assist teachers, administrators and other eligible credentialed school personnel who work in "low performing" San Francisco Unified Schools to purchase their first home. The Extra Credit Home Purchase Program (ECHPP) provides mortgage credit certificates (TMCC) to eligible applicants up to 20 percent of his or her annual mortgage interest payment as a dollar-for-dollar tax credit against his or her federal income tax. The MCC will be used to assist the qualifying homebuyer in obtaining an effective reduction in monthly mortgage payments. By adjusting the homebuyer's allowance on his or her W-4 to reduce the amount of tax withheld by the employer, the purchaser will have more monthly take-home income available to cover mortgage payments.

Eligible staff members who qualify for the ECHPP will also automatically qualify for a deferred loan of $7,500 to use toward their down payment. This $7,500 loan will be forgiven after the staff member completes the 3 years commitment of working in a low performing school.

Applicants Requirement

All household members and co-borrowers must be first time homebuyers. They cannot have owned property as their principal residence for a minimum of 3 years

A qualifying household must include a full time staff member in one of the designated low performing schools in the San Francisco Unified School District (SFUSD Public Schools).

The gross household income of eligible applicants cannot exceed the following income limits by household size.

Income Requirement: In order to qualify for a MCC, the Applicant’s household income must be below the following limits:

	Non-Targeted Area	Targeted Area
1 or 2 person(s)	$101,800	$122,160
3 or more persons	$117,070	$142,520

Property Eligibility
Type of Property: New or existing single family detached homes, condominium, or townhouse within the City and County of San Francisco are eligible.
Property Requirement: The Purchase Price of the house must be below the following amounts:

	Non-Targeted Area	Targeted Area
New units (never previously occupied)	$488,614	$597,195
Existing units (resale)	$454,270	$555,219

Location: The property to be purchased must be within the City and County of San Francisco.

Target & Non- Target Area:

San Francisco has identified specific Census Tracts as “Target” areas. The ECHPP allows greater flexibility for property and homebuyer in target areas to encourage growth of home ownership and development in specific sections of the City’s neighborhoods. The following census tract numbers are designated as Target Areas. Please visit the website address for census tract number: http://www.ffiec.gov/geocode/default.htm

North Beach:	107, 113, 114, 115, 117, 118
North of Market	124, 125
Western Addition:	161
Bayview/Hunters Point:	231.03, 603
Visitacion Valley:	605.02, 607

Eligible Teacher” must hold at least one of the California Teaching Credentials:

Single Subject Teaching Credential	Multiple Subject Teaching Credential
Specialist Instruction Credential in Special Education	Education Specialist Instruction Credential
General Kindergarten-Primary Teaching Credential	General Elementary Teaching Credential
General Junior High Teaching Credential	General Secondary Teaching Credential
Special Secondary Teaching Credential in Business Ed	Special Secondary Credential for Teaching the Blind
Special Secondary Teaching Credential in Homemaking	Special Secondary Teaching Credential in Industrial Arts
Special Secondary Credential for Teaching Lip Reading	Special Secondary Teaching Credential in Music
Special Secondary Limited Teaching Credential in Music	Special Secondary Teaching Credential Limited in Agric
Special Secondary Credential for Teaching the Partially Sighted Child	Special Secondary Teaching Credential in Physical Ed.
Special Secondary Teaching Credential in Speech Arts	Special Secondary Credential for Teaching the Mentally Retarded
Special Secondary Teaching Credential in Correction Of Speech Defects	Standard Elementary Teaching Credential
Standard Secondary Teaching Credential	Standard Early Childhood Education Teaching Credential
Standard Restricted Special Education Teaching Credential	Special Secondary Teaching Credential in Art
Special Credential for Teaching Exceptional Children	Special Secondary Teaching Credential in Speech Arts
Special Secondary Credential for Teaching the Mentally Retarded

Eligible Staff Member” means any person who holds one of the following credentials issued by the California Commission on Teaching Credentialing:

Clinical or Rehabilitation Service Credential

School Nurse Credential

Pupil Personnel Services Credential (e.g. School Counseling, School Social Work, School Psychology and
Child Welfare and Attendance)

Library Media Teacher Service Credential

Designated Subjects Vocational Education Teaching Credential

Eligible Administrator” means any person who holds one of the following credentials issued by the California Commission on Teacher Credentialing:

Administrative Services Credential	Administrative Services Credential (Examination)
Standard Supervision Credential	Standard Administration Credential
General Elementary School Administration Credential	General Secondary School Supervision Credential
General Secondary School Administration Credential	General Elementary School Supervision Credential
General School Principal or Supervisor Credential	The Supervision Credential
General Administration Credential	General Supervision Credential

Rev 04/2004

Alvarado Elementary School	Malcolm X Academy Elementary School
Balboa High School	Marina Middle School
Benjamin Franklin Middle School	Marshall (Thurgood) Academic High School
Bryant Elementary School	Marshall Elementary School
Buena Vista Annex School	McCoppin (Frank) Elementary
Carmichael (Bessie) Elementary School	McKinley Elementary School
Carver (George Washington) Elementary School	Milk (Harvey) Civil Rights Elementary School
Chavez (Cesar) Elementary School	Miraloma Elementary School
Chin (John Yehall) Elementary	Mission Education Center
Chinese Education Center	Mission High School
Cleveland Elementary School	Monroe Elementary School
Cobb (William L.) Elementary School	Moscone (George R.)Elementary
Creative Arts Charter School	Muir (John) Elementary School
Davis (Gloria R.) Middle School	Newcomer High School
Downtown High School (Continuation)	O’Connell (John A.) High School
Drew (Charles R.) Elementary School	Ortega (Jose) Elementary School
Edison Charter Academy Elementary School	Parker (Jean) Elementary School
El Dorado Elementary School	Parks (Rosa) Elementary School
Enola D. Maxell	Redding Elementary
Everett Middle School	Revere (Paul) Elementary School
Fairmount Elementary School	San Francisco Community Alternative School
Flynn (Leonard R.) Elementary School	San Francisco Court Schools
Francisco Middle School	Sanchez Elementary School
Galileo High School	Serra (Junipero) Elementary School
Garfield Elementary	Sheridan Elementary School
Glen Park Elementary School	Spring Valley Elementary
Golden Gate Elementary School	Starr King Elementary School
Guadalupe Elementary School	Sutro Elementary
Harte (Bret) Elementary School	Swett (John) Elementary School
Hillcrest Elementary School	Taylor (Edward R.) Elementary
Horace Mann Middle School	Twenty-First Century Academy (E) School
Independence High Alternative	Visitacion Valley Elementary School
International Studies Academy School	Visitacion Valley Middle School
James Denman Middle School	Webster (Daniel) Elementary School
James Lick Middle School	Wells (Ida B.) Alternative
King (Martin Luther Jr) Academic School	William de Avila Elementary
Lau (Gordon J.) Elementary	Yick Wo Elementary
Luther Burbank Middle School