Hopefully there is no tenant recertification because if there is, they may not be eligible to reside in their affordable housing anymore because they own a property within 100 mile radius NYC. Based on HPD compliance, even if they own a property outside 100 mile radius, it will still be counted as an asset & if the calculation is above the cap, they also won't be eligible anymore.
Quote:
Originally Posted by macnyc2003
I don't think this is the OP's situation. He or she is already living in affordable housing and wants to purchase a dwelling elsewhere. I know that anyone living in affordable housing has to have that unit as the primary residence. However, I don't know if you can purchase a weekend place or a vacation home that you're using only part of the time, or a rental property that you're not living in at all.
The difference is that the OP is already living in the lottery studio; he is not applying for a lottery apartment. As far as I can tell.
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