The South San Francisco Employee Down Payment Assistance Loan Program (the “EDPA Program”) is an important tool for the City of South San Francisco (“the City”) in attracting and retaining high-quality staff, while also encouraging employees to move closer to work, reducing commute times and greenhouse gas emissions.  The EDPA Program is an employee benefit open to all permanent, full-time employees who have passed their probationary period and is limited to employees that are First-time Homebuyers interested in purchasing a home closer to where they work.  

The EDPA Loan is a deferred-payment, shared-appreciation loan and will support eligible applicants with a loan of up to $100,000 for the purchase of a home that is located within South San Francisco, or throughout San Mateo County or San Francisco County.  

The EDPA loan payments shall be deferred until the end of the 30-year term at which time the principal amount of the loan that is borrowed plus a proportional share of the appreciation of the home shall be due and payable to the City.  For example, if the loan amount equaled 10% of the purchase price of the home, the repayment would equal the original loan amount plus 10% of any increase in the home’s value from the date of purchase.  

Interested in Applying?

Hello Housing is now accepting Pre-Applications for potentially eligible employees.  The Pre-Application window will close on December 6, 2021.  Upon close of the pre-application period, Hello Housing shall review all received applications for basic eligibility.  All applicants who are deemed eligible will receive an email confirmation and a unique identifying number which will be entered into a a sorting lottery.  Applicants with numbers 1-15 will be invited to a mandatory workshop to learn how to submit a Full Application along with details about the Program.  All other applicants will be placed onto a SSF waitlist and notified of funding availability.

Local Buying Preference

It is a priority for the City that EDPA Loan funds are utilized by Eligible Applicants seeking to purchase homes in South San Francisco.  Therefore, Eligible Applicants seeking to purchase a home in South San Francisco shall receive a Local Buying Preference in the EDPA lottery. 

View or EDPA General Flyer

To learn more about the EDPA Program, please plan to review the EDPA Program Guidelines

To better understand the EDPA deferred-payment, shared-appreciation loan, please plan to review the Draft Homebuyer Disclosure Statement.