The Downpayment Assistance Loan Program (DALP) provides down payment assistance, in the form of a deferred payment loan up to $375,000, to qualified low and middle income first time homebuyers for the purchase of a market-rate principal residence in San Francisco. The DALP is a silent second loan that requires no monthly payments for 30 years. The principal amount plus an equitable share of appreciation shall become due and payable at the end of the term, or repaid upon sale or transfer.
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