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Old 07-11-2016, 04:35 PM
 
37 posts, read 105,605 times
Reputation: 30

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The waiting list is not where I want to be. Yes, after all the affordable units are spoken for, eligible candidates are placed on the waiting list; however, the only way to move off the waiting list is if someone moves out of an affordable unit. That in itself is does not happen often. With the current state of rents, people will likely not move out of these apartments unless they get an offer for a larger apartment in a comparable building with comparable rent. That's one barrier. The next barrier is my income would have to again fit into strict income limits. Lets say I'm put on the waiting list, I get a promotion and when they call me for a vacancy, my income has risen $100 a week, I would be out of the running, and it would be GAME OVER!
If I am blessed enough to be awarded an apartment in the initial rent-up, my income could increase $100 a week and I would still be able to reside in the apartment, whereas I would not be able to move into the apartment at the potential increased pay rate.
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Old 07-12-2016, 06:35 AM
 
107 posts, read 206,424 times
Reputation: 29
Quote:
Originally Posted by wiivile View Post
Not anymore- as of February 1, 2015, it's 0.06% of your assets.
Are you sure?
Back in the days they calculate 2% of my assets and added the interest I get on my saving account
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Old 07-12-2016, 07:25 AM
 
107 posts, read 206,424 times
Reputation: 29
Quote:
Originally Posted by Pancheto View Post
The waiting list is not where I want to be. Yes, after all the affordable units are spoken for, eligible candidates are placed on the waiting list; however, the only way to move off the waiting list is if someone moves out of an affordable unit. That in itself is does not happen often. With the current state of rents, people will likely not move out of these apartments unless they get an offer for a larger apartment in a comparable building with comparable rent. That's one barrier. The next barrier is my income would have to again fit into strict income limits. Lets say I'm put on the waiting list, I get a promotion and when they call me for a vacancy, my income has risen $100 a week, I would be out of the running, and it would be GAME OVER!
If I am blessed enough to be awarded an apartment in the initial rent-up, my income could increase $100 a week and I would still be able to reside in the apartment, whereas I would not be able to move into the apartment at the potential increased pay rate.
Pancheto

It takes time, I remember with Gothanm it toke about 9 months from the first day i submited the documents till I signed the lease. Im self employed so they kept asking for more and more documents even after the interview
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Old 07-12-2016, 09:02 PM
 
6,347 posts, read 5,824,665 times
Reputation: 4446
Quote:
Originally Posted by nychh View Post
Are you sure?
Back in the days they calculate 2% of my assets and added the interest I get on my saving account
Key words you said is back in the day!
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Old 07-13-2016, 05:29 AM
 
107 posts, read 206,424 times
Reputation: 29
Quote:
Originally Posted by livingsinglenyc View Post
Key words you said is back in the day!
Happy to hear it.
Yesterday I submitted all the paper work, lets see how long it wold take them to respond.
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Old 07-13-2016, 05:36 PM
 
99 posts, read 130,011 times
Reputation: 33
Quote:
Originally Posted by nychh View Post
Happy to hear it.
Yesterday I submitted all the paper work, lets see how long it wold take them to respond.
Remember to double check that the employer(s) sent the employment verification sheet(s) via the Eligibility Specialist.

Maybe we'll see another person pop in around August 4th or something with a log #.
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Old 07-13-2016, 06:49 PM
 
1,211 posts, read 1,305,804 times
Reputation: 262
Quote:
Originally Posted by nychh View Post
Are you sure?
Back in the days they calculate 2% of my assets and added the interest I get on my saving account
Yes. https://www.nhcinc.org/Blog/tabid/92...m-2-to-06.aspx

NYC follows HUD's guidelines.
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Old 07-13-2016, 07:36 PM
 
107 posts, read 206,424 times
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Quote:
Originally Posted by wiivile View Post
Love it! Thanks

Will keep you update guys, we may be neighbors all of us
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Old 07-13-2016, 07:37 PM
 
107 posts, read 206,424 times
Reputation: 29
Quote:
Originally Posted by Water_Nintendo64 View Post
Remember to double check that the employer(s) sent the employment verification sheet(s) via the Eligibility Specialist.

Maybe we'll see another person pop in around August 4th or something with a log #.
Thanks Im self employed, needed to submit different documents
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Old 07-13-2016, 08:07 PM
 
6,347 posts, read 5,824,665 times
Reputation: 4446
Quote:
Originally Posted by nychh View Post
Thanks Im self employed, needed to submit different documents
NYCHH I thought I recalled you being in an 80/20 building. Am I mistaken?
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