Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
Co-ops cannot accept checks from anyone but the owner.
So then since the OP will be making all checks out to the co-op there is absolutely no reason for him to disclose the financial arrangement between him and his elderly relative. All he has to say is his elderly relative will be living with him.
"According to HUD regulations, a Section 8 tenant may not be related by blood or marriage to the owner of the unit they rent under the Section 8 program. Exceptions may only be granted in rare cases as a reasonable accommodation for a person with disabilities who requires a specially-modified unit and such a unit is only available from a relative.
In no case is a Section 8 tenant permitted to rent a unit from a relative if the relative also lives in the unit. Therefore, the owner must provide verification that they do not live in the unit to be assisted through the Section 8 program. "
"According to HUD regulations, a Section 8 tenant may not be related by blood or marriage to the owner of the unit they rent under the Section 8 program. Exceptions may only be granted in rare cases as a reasonable accommodation for a person with disabilities who requires a specially-modified unit and such a unit is only available from a relative.
In no case is a Section 8 tenant permitted to rent a unit from a relative if the relative also lives in the unit. Therefore, the owner must provide verification that they do not live in the unit to be assisted through the Section 8 program. "
So then since the OP will be making all checks out to the co-op there is absolutely no reason for him to disclose the financial arrangement between him and his elderly relative. All he has to say is his elderly relative will be living with him.
I'm not so sure. Again, it depends on by laws and house rules.In my co op,the only"family" allowed to live in a unit are very immediate family members,like children and parents. For instance,I could not let my sister or brother or aunt or uncle or cousin move in with me.And they would know. The board members have an encyclopedic first name knowledge of everyone registered as living in every apartment.
One of the reasons for the structure of co ops in the first place is to prevent exactly the types of situations the OP proposes.The whole idea is to have as complete control as possible over who is living in the building.
So then since the OP will be making all checks out to the co-op there is absolutely no reason for him to disclose the financial arrangement between him and his elderly relative. All he has to say is his elderly relative will be living with him.
You clearly don't understand what it's like living in a co-op then, if you believe this to be the case.
Co-ops, because they're not real property, but rather shares you're purchasing in a cooperative, have vastly different rules governing them and entail a much stricter scrutiny, both from the financial side, as well as the personal side. The board, as well as the rest of the building, absolutely have a vested interest in who would be living in the building, as well as how everything would be purchased and paid for in the future.
So then since the OP will be making all checks out to the co-op there is absolutely no reason for him to disclose the financial arrangement between him and his elderly relative. All he has to say is his elderly relative will be living with him.
most co-ops say immediate family member don't have to be approved but that does not apply to anyone else .
i know before my son got married his girlfriend and him were living in one of our co-ops. she had to be approved by the board but he did not.
"According to HUD regulations, a Section 8 tenant may not be related by blood or marriage to the owner of the unit they rent under the Section 8 program. Exceptions may only be granted in rare cases as a reasonable accommodation for a person with disabilities who requires a specially-modified unit and such a unit is only available from a relative.
In no case is a Section 8 tenant permitted to rent a unit from a relative if the relative also lives in the unit. Therefore, the owner must provide verification that they do not live in the unit to be assisted through the Section 8 program. "
Good catch cleasach.
It prevents the situation of a person buying an apartment and having the government make his mortgage payments.
Good catch cleasach.
It prevents the situation of a person buying an apartment and having the government make his mortgage payments.
Which is of course done all the time with single and multi family houses and with condos.
These types of arrangements tend to lower the quality of life and to have a destabilizing affect on buildings and neighborhoods,which is why co ops try to prevent them.
if you are the sublettor then you are the landlord
If you are the sub-lettor, then you are the landlord. Which means that you have to comply with all the administrative headaches of a section 8 landlord. As a co-op board member with section 8 in our building, I would not recommend this path. If you want to invest in a co-op, by all means do so. If you want to help your elderly relative, help them apply for section 8 vouchers to live elsewhere. Or have him live with you as a roommate. Do not mix the 2.
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.
Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
if you are the sublettor then you are the landlord
