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Old 12-05-2016, 04:14 PM
 
Location: Mott Haven, New York
878 posts, read 536,045 times
Reputation: 706
Hey guys, I have been perusing the forums for many years now, and finally decided to join (with an important question of course.)

So I have been randomly selected for 605 West 42nd Street. I applied last year in June and recently got an email exactly a month ago with the next steps. I brought all required documents with me to the interview today. Everything WAS going fine. The woman was literally about to run my credit until she noticed a few hefty deposits months ago from my Casino earnings. The deposits equaled around $7600; however, the actual earnings were only $4600 since the other $3000 was my original withdrawal to play with that I put back in. I know however way you slice it, it's a lot of money.

Of course at the time, I doubted I would hear from them anytime soon and thought it'd be nice if I can score a little bit more cash in case I do down the line! It'd be nice to have a fully furnished apartment when the time comes. The last time I entered the casino was September. My bank statement for October and November have no abnormal deposits. The one for December won't either, as I have actually destroyed my Casino card once I got word I made it through random selection.

Those earnings are far from reliable. I proved I have a steady job that normally would fit the income requirement for the building, so this 3 off visit to the casino is not something that has happened often and won't happen at all once I start paying rent.

I'm a little bummed that my hot streak with lady luck is coming back to bite me in the ass. I have worked so hard these past years. I'm 27 and looking to move out of my Aunt's apartment. I'm finally able to do so. I already have a monthly budget and my credit is excellent 760+.

I plan to include most of what's written in here in the appeal, as well as my Win / Loss statement from the casino as proof that that is in fact where the money came from, (which will take a bit of time.) It's not like I'm dealing drugs, and my recent statements shows I haven't had any weird activity since September.

I kind of already know the answer to this question, but seeing as it's almost a brand new year, what are my odds of winning an appeal? It'll be a new year, and a clean slate. Does anyone think I'll be thrown a bone? I know there will be more opportunities; but this is truly the one building out of everything I've applied for that I wanted.

She could've just been real and told me that there is no point in appealing at all given this case, because I'm already losing hope, and I don't want to fight for something that is already a lost cause.

Has anyone ever been over a substantial amount due to extra deposits ever get approved, if you normally made the requirements?
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Old 12-05-2016, 09:33 PM
 
Location: Eric Forman's basement
1,688 posts, read 1,660,619 times
Reputation: 869
Did you check the marketing guidelines? I think there is mention in there of nonrepeating income. Just google Marketing Guidelines HPD for the PDF. You can easily search that.

If you're going through this process, it's good to study the guidelines anyway.

Also, they are required to offer you the opportunity to appeal. You'll see that in the guidelines.

Best of luck!
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Old 12-05-2016, 10:09 PM
 
Location: Mott Haven, New York
878 posts, read 536,045 times
Reputation: 706
Quote:
Originally Posted by macnyc2003 View Post
Did you check the marketing guidelines? I think there is mention in there of nonrepeating income. Just google Marketing Guidelines HPD for the PDF. You can easily search that.

If you're going through this process, it's good to study the guidelines anyway.

Also, they are required to offer you the opportunity to appeal. You'll see that in the guidelines.

Best of luck!

I wish I could thank you a million times. I quickly grazed the guidelines the first time around; but after another investigation, I did find this...


"Sporadic Income
Certain forms of income that are sporadic and non-recurring are not considered when calculating maximum household income as they are considered temporary in nature. All sources of income must be disclosed, but such non-recurring income may be excluded in the calculation process."


I will definitely mention this in the appeal, and even provide an extra 6 months of Bank Statements / 6 weeks of pay stubs to contest that fact as a safe guard. The light is bright again. Thank you so very much.
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