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Location: Read the Marketing Handbook, and Income a Guide.
2,005 posts, read 1,626,371 times
Reputation: 479
AdvertisementPdf/1154.pdf
Quote:
Originally Posted by curiousMe76
Does anyone have a record of the original advertisement for ""Ruppert Housing Co Inc" lottery? Any help would be greatly appreciated
If a person applied to the lottery, that person can sign into Michell-Lama Connect account and visit the page that lists the lotteries that person entered. By clicking in the left most column under the name of the building the ad will come up. However, this sometimes does not work and attempting latter is required for success.
Location: Read the Marketing Handbook, and Income a Guide.
2,005 posts, read 1,626,371 times
Reputation: 479
Quote:
Originally Posted by curiousMe76
Does anyone have a record of the original advertisement for ""Ruppert Housing Co Inc" lottery? Any help would be greatly appreciated
Good luck. Likely there will be a significant wait involved.
Info from advertisement.
Purchase Price Studio $12,595.00
Income Limits Min-Max $21,414.30 - $119,375.00
Monthly Maintenance Studio $497 - $582
Purchase Price Two - Bedroom $22,709.46
Income Limits Min-Max* 2Bed $30,983.50 - $185,000.00
Monthly Maintenance 2Bed $718 - $840
OCCUPANCY STANDARDS:
STUDIO: One to Two persons.
TWO (2) BEDROOM: Three to Five persons. No fewer than three persons, a brother and a sister who are both adults, or a parent or guardian with at least one child.
Actually, the monthly fees are either what is listed below, or 30% of income, which ever is higher. So, a family with $50K in income would have to pay $1250 per month and $100K of income, would pay $2500. Because of this, I'm not sure these apartments are a very good deal.
I will attach the flyer if someone tells me how!
Quote:
Originally Posted by WildAboutHarry
Good luck. Likely there will be a significant wait involved.
Info from advertisement.
Purchase Price Studio $12,595.00
Income Limits Min-Max $21,414.30 - $119,375.00
Monthly Maintenance Studio $497 - $582
Purchase Price Two - Bedroom $22,709.46
Income Limits Min-Max* 2Bed $30,983.50 - $185,000.00
Monthly Maintenance 2Bed $718 - $840
OCCUPANCY STANDARDS:
STUDIO: One to Two persons.
TWO (2) BEDROOM: Three to Five persons. No fewer than three persons, a brother and a sister who are both adults, or a parent or guardian with at least one child.
Me too!! I am so excited I can’t even begin. I just really hope the drawing is quick and I end up getting a studio! I’ll work on posting also! I don’t know how to track the numbers
Actually, the monthly fees are either what is listed below, or 30% of income, which ever is higher. So, a family with $50K in income would have to pay $1250 per month and $100K of income, would pay $2500. Because of this, I'm not sure these apartments are a very good deal.
I will attach the flyer if someone tells me how!
Where did you find that information about it being either/or?
I think this is the first time that this building is using the lottery system, and that the "Or 30% of income, whichever is higher" line is a mistake. I live in a Mitchell Lama and the rule is that your monthly fees can't exceed 30% of your income. Once you're in and if your income drops, your monthly fees will be lowered accordingly.
I think this is the first time that this building is using the lottery system, and that the "Or 30% of income, whichever is higher" line is a mistake. I live in a Mitchell Lama and the rule is that your monthly fees can't exceed 30% of your income. Once you're in and if your income drops, your monthly fees will be lowered accordingly.
It's on the posting for Ruppert; and it's not on the posting for the other ML properties. That would be a pretty unusual mistake.
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Original advertisement for "Ruppert Housing Co Inc"
