What is the City Second Loan Program (CSLP) offered by the SF Mayor’s Office of Housing (MOH)?

The City Second Loan Program (CSLP) offered to first-time homebuyers by the San Francisco Mayor’s Office of Housing (MOH) is a program designed for those purchasing a home within specific housing developments such as Parkview Heights, Holloway Terrace, Armancio Ergina, and Cayuga Terrace.

The loan has no interest and deferred payments, sits in second position on title after the first mortgage, and can be repaid at any time without penalty. The maximum City Second loan is $100,000 or 20% of the purchase, whichever is less. A list of properties that are eligible for the CSLP can be found here.

You can learn more about the CSLP by clicking here.

 

Do you have a question about San Francisco you’d like to be answered? Submit your question here!

Sign up for our weekly newsletter and join the conversation on Facebook.

 

Check out some of our most popular blogs:

     Universal Internet Access for All San Franciscans

     Why is San Francisco So Dirty?

     SFPark – The iPhone App for Smart Parking in San Francisco

     Food Truck Rodeo Review – Off the Grid

Paid for by Phil Ting for Assembly 2012. FPPC ID# 1343137