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Old 09-05-2013, 06:54 AM
 
Location: Manhattan
11,379 posts, read 11,371,871 times
Reputation: 4822

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This sounds a lot like the La Celia "deal."

The very good deals extend only to 8 one-bedroom apartments and then the rest run from 1/4 to 1/2 million bucks. Maybe a deal for some, but hardly what I would put in the "affordable" category.

Unless I lived in Board 4 (with 50% preference,) I wouldn't waste my time. Sounds like OP can compete with the rest of the state for the remaining 4 apartments, and don't be surprised if the developer's brother in law gets one or two.

These kinds of deals are subverting the intent of affordable apartments...big surprise, right? Do 2 people making $150K need a 40 year tax break?

Last edited by Kefir King; 09-05-2013 at 07:03 AM..
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Old 09-12-2013, 09:58 PM
 
21 posts, read 45,908 times
Reputation: 24
Quote:
Originally Posted by Kefir King View Post
This sounds a lot like the La Celia "deal."

The very good deals extend only to 8 one-bedroom apartments and then the rest run from 1/4 to 1/2 million bucks. Maybe a deal for some, but hardly what I would put in the "affordable" category.

Unless I lived in Board 4 (with 50% preference,) I wouldn't waste my time. Sounds like OP can compete with the rest of the state for the remaining 4 apartments, and don't be surprised if the developer's brother in law gets one or two.

These kinds of deals are subverting the intent of affordable apartments...big surprise, right? Do 2 people making $150K need a 40 year tax break?
thats why they are called the lottery
you will need a lot of luck to get one, but it doesnt cost us anything to apply, right ?
as the saying goes, you have to be in it to win it.
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Old 09-23-2013, 03:18 PM
 
1 posts, read 4,714 times
Reputation: 11
Did anyone catch the date when they would start mailing out responses for interviews or to submit financials?
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Old 09-24-2013, 01:29 PM
 
85 posts, read 195,862 times
Reputation: 22
@mimid - they said they will be contacting people who have been selected for interviews sometime in October. They will go through the preference (Board, disability, city employees, etc.) and then in order of lottery #. Once selected for an interview , you will then submit financials.


Possible the October date could get pushed but it was mentioned several times at the information sessions.
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Old 09-26-2013, 04:51 PM
 
11 posts, read 19,497 times
Reputation: 22
Park Clinton Lottery,

Congrats to more than 10,000 applicants who submitted their application before the lottery deadline date of September 10th.

We will commence interviews in the order of the preferences during October-February.

If you are not a preference applicant, you may not be contacted until January.

(When you apply in a lottery of this size; you'll need to be patient , continue to save, and pay your monthly debts on time.)

PLEASE DO NOT EXPECT CORRESPONDENCE INDICATING A LOTTERY #.

I'll use this forum to provide a general monthly update. This has worked well for purchasers at La Celia and Via Verde in past.

I will not use this forum to dialogue about individual questions. PLEASE REFRAIN FROM ASKING !!!!

Michael Reed,
Selling Agent
The Park Clinton
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Old 09-27-2013, 09:13 AM
 
24 posts, read 47,669 times
Reputation: 20
Thank you all for sharing your thoughts and especially ZoeyBoogie for starting this thread. I have to admit 10,000 is an huge number. I hope they can use this to show the need for more Affordable home ownership opportunities in NYC. As with everyone else I'm keeping my fingers crossed and praying that the 50% community board preference works a miracle.

Just to confirm, what was said every letter is being opened that is picked from the lottery, correct? Or are all 10,000 letters opened? Sorry if I misunderstood. I attended the first session and thought I heard Michael Reed say that only applications picked from the lottery would be opened and then they would be put in order of preferences such as disability and community board among others.

On the bright side it seems that everyone on this thread is a better bunch than that of the information sessions. Making me optimistic that a great group will be chosen for the building. Have a great day everyone.
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Old 10-05-2013, 10:20 AM
 
Location: NYC
39 posts, read 93,778 times
Reputation: 21
Quote:
Originally Posted by Mommyfirst535 View Post
Thank you all for sharing your thoughts and especially ZoeyBoogie for starting this thread. I have to admit 10,000 is an huge number. I hope they can use this to show the need for more Affordable home ownership opportunities in NYC. As with everyone else I'm keeping my fingers crossed and praying that the 50% community board preference works a miracle.

Just to confirm, what was said every letter is being opened that is picked from the lottery, correct? Or are all 10,000 letters opened? Sorry if I misunderstood. I attended the first session and thought I heard Michael Reed say that only applications picked from the lottery would be opened and then they would be put in order of preferences such as disability and community board among others.

On the bright side it seems that everyone on this thread is a better bunch than that of the information sessions. Making me optimistic that a great group will be chosen for the building. Have a great day everyone.

I would assume that they'd open every application received within the deadline (all 10,000), in order to know who gets the special preference, etc...
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Old 10-07-2013, 10:53 AM
 
24 posts, read 47,669 times
Reputation: 20
Does anyone know if interviews have started?
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Old 10-07-2013, 04:08 PM
 
Location: NYC
39 posts, read 93,778 times
Reputation: 21
Quote:
Originally Posted by Mommyfirst535 View Post
Does anyone know if interviews have started?
Yes, I'd be curious to know as well if they have started the process.
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Old 10-08-2013, 12:52 PM
 
7 posts, read 19,358 times
Reputation: 18
Red face Interviews

Hi,

Has anyone who is on this thread been call for an interview? I was so hoping to be picked, but with so many applications, my chances seem slim. I even started cleaning up my debt, if I had to apply for a mortgage. My credit score is over 780, but what good will that do me if I wasn't picked.

Have a great afternoon.

Dana
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