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1) HUD Homeownership subsidy
2) FNMA Zero-down loans
3) Vouchers Enable Low-Income HomeOwnership
4) Home Ownership: Pipe Dream or a New Reality
5) Daly Plan Pitifully Inadequate
6) May 16 HomeOwnership Debate in San Francisco
7) NAACP Minority HomeOwnership Program
8) Ellis/OMI/Costa Hawkins protections
9)Policy Hurts Immigrants
10)Home Ownership Causes HH Wealth
11)Class War and the Poverty Trap
12) Home Ownership Program for Equity

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PRESS RELEASE From the Affordable HomeOwnership Alliance
May 9, 2001
Followup or questions to Sarosh Kumana 415-861-4554

Debunking the (un)Affordability Myth!

SF Affordability Actual Data

The $ 450K "median" price of a San Francisco ownership housing unit that the media quotes to show unaffordability is very misleading regarding HOT.

Here is actual data on average prices of rental apartment units in multi-family buildings sold in SF between January 2000 and April 2001.

Size of bldg Total # units sold Average price
3-4 1850 $ 258,304
5-6 821 $ 168,587
7+ 3014 $ 92,480
Source: Old Republic Title Company

These are the actual prices at which these units were sold. They are definitely "affordable" for a large number of SF tenants. There is sufficient difference between these prices and the "condominium" value, for both tenants and owners to come out ahead by making a HOT win-win purchase bargain.

The value as a rental unit is much lower than for a condominium - we encourage tenant and owner to cooperate for mutual benefit, and share the gain in value.

HOT can make homeownership affordable for SF tenants again!

Its time to debunk the (un)affordability myth!

If you are a Tenant and interested in being an Owner: 
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