Quantcast

8 Below-Market-Rate Units Up For Sale At Newly Constructed 388 Fulton

8 Below-Market-Rate Units Up For Sale At Newly Constructed 388 Fulton
Photo: 388 Fulton
By Nuala Sawyer - Published on June 21, 2016.

Four studios, one one-bedroom, and three two-bedroom units are coming up for sale at 388 Fulton, at a below-market rate cost. The eight homes represent the mandatory 12 percent of affordable units in the large, 69-unit building on the corner on Fulton and Gough streets. 

Studios are running at $266,421, one bedroom units are $306,299, and two-bedroom homes are $333,111. None of the units come with parking. 

Interested parties must be first-time homeowners, and must make less than the city's average median income. Right now, that means that a one-person household can make no more than $75,400, and a two-person household can make no more than $86,150. 

An informational session for the units will be held on June 23rd at 4pm in the Mayor's Office of Housing and Development (1 Van Ness Ave.) Open houses will take place on June 29th, July 9th and July 13th, and applications are due by July 28th. More information can be found here