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Attachment 3 - SSF Affordable Housing Price Calculator

South San Francisco City Council
August 12, 2026

Document
Attachment 3 - SSF Affordable Housing Price Calculator
Meeting
August 12, 2026
Body
South San Francisco City Council
Original file
94 KB
Text extracted from the city's file for reading and search. Open the original on ci-ssf-ca.legistar1.com. That file is the official record.

Tit
UNIT ADDRESS:

Pro 120% 639 $
$ 6.950% 192,750
Calculated Income 120% 192,750 $
Act 1 67,463 $
2 5,622 $
Annual Monthly
Property Tax Estimate $ 794 9,525 $ Insurance $ 318 3,810 $ Utility Estimate3 $ 258 3,096 $ HOA Fees $ 639 7,668 $ Available for Mortgage $ 3,614 43,364 $ $ 545,907.76
5% 28,732 $
SOURCES: 1. Mortgage Interest rate from CalHFA: https://www.calhfa.ca.gov/apps/rates/

2. Percent of County Median calculated by 35% if AMI is eaqul to or greater than 100%; calculated by 30% if less than 100%.3. Utility Allowance Schedule - Effective 05/01/2026: https://www.smcgov.org/housing/utility-allowance-schedules $574,640

HOUSING COSTS
Affordable Sales Price

1.0000%

0.40%
$258

QUALIFIED AFFORDABLE MORTGAGE
Qualified Mortgage
Down Payment

HOUSEHOLD SIZE

ELIGIBLE
Number of Bedrooms

CITY OF SOUTH SAN FRANCISCO

AFFORDABLE HOUSING ANALYSIS
INPUTS
Income Limit to QualifyHousehold Income to Qualify
2210 Gellert Boulevard, Unit 5107
HOUSING COSTS Monthly HOA Fees
Mortgage Interest Rate1

AVAILABLE
HOUSING EXPENSE2
Annual Income

INCOME LIMIT

TO QUALIFY
Assumed Household Size Monthly Income

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