AFFORDABLE HOUSING in the WEST VILLAGE at 100 Barrow Street! (Hudson: rent stabilized apartments, refrigerator)
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Listen Sonny....I think the maintenance is high and not affordable. That is my point. This is an affordable apt. Maybe the buy in price is but the maintenance sure as H#ll not.
Listen Bub, just because it is not affordable to *YOU* obviously that is not universal.
Furthermore the city is kicking in over $25K per unit to further make these units "affordable".
"The seven homebuyers selected by the New York City Housing Partnership will receive $12,750 in down payment assistance along with $12,250 for closing costs for each unit."
Have said this before and will do so again; what a majority of persons in NYC looking at these "affordable" housing units need is *low income housing*. That is not the entire point of the whole scheme.
As have also said the city isn't doing developers or itself any favors by putting persons into these units that cannot afford to pay the rent/mortgage or whatever *ON TIME*. For that they want not much different than private landlords, to see healthy income and so forth.
Then there is the glaring obvious fact that after twenty years owners of these so called "affordable" units can sell without any caps or restrictions. This can and probably does mean long as those selected can hold onto said apartments they are looking at a nice payoff in future.
You are incorrect by saying the units can be resold without any restrictions or caps. All of these affordable condos have restrictions and are considered Inclusionary units. They are always meant to be affordable. I have a family member who won a lottery condo and he won't be able to gain millions like others stated due the below policy which is also listed in the offering plan given.
Inclusionary homeownership units would initially be affordable to households earning 80 percent of the HUD income limit. Over time, a fixed appreciation rate would enable the homeowner to realize a modest inflation-adjusted return. The restricted sale price of the unit would be allowed to increase, but such increases but would be capped so that the unit would always remain affordable to households earning no more than 125 percent of the HUD income limit.
Listen Bub, just because it is not affordable to *YOU* obviously that is not universal.
Furthermore the city is kicking in over $25K per unit to further make these units "affordable".
"The seven homebuyers selected by the New York City Housing Partnership will receive $12,750 in down payment assistance along with $12,250 for closing costs for each unit."
Have said this before and will do so again; what a majority of persons in NYC looking at these "affordable" housing units need is *low income housing*. That is not the entire point of the whole scheme.
As have also said the city isn't doing developers or itself any favors by putting persons into these units that cannot afford to pay the rent/mortgage or whatever *ON TIME*. For that they want not much different than private landlords, to see healthy income and so forth.
Then there is the glaring obvious fact that after twenty years owners of these so called "affordable" units can sell without any caps or restrictions. This can and probably does mean long as those selected can hold onto said apartments they are looking at a nice payoff in future.
These lotteries are complete BS. They make the stupid politicians feel good (the created affordable housing!), even if it's a few units.
And it's a LOTTERY. Someone could qualify whose parents own a $5 million apartment down the road. And that person could be a miserable human being.
Who should be eligible for these apartments? How about disabled veterans, cops or firefighters, to start. And there are plenty of other DESERVING people who should be eligible.
These lotteries are complete BS. They make the stupid politicians feel good (the created affordable housing!), even if it's a few units.
And it's a LOTTERY. Someone could qualify whose parents own a $5 million apartment down the road. And that person could be a miserable human being.
Who should be eligible for these apartments? How about disabled veterans, cops or firefighters, to start. And there are plenty of other DESERVING people who should be eligible.
I get angry just thinking about this stuff.
As an able bodied non veteran or civil servant, am I not "worthy" of affordable housing /ownership?
As an able bodied non veteran or civil servant, am I not "worthy" of affordable housing /ownership?
Yes you are. Move to the Bronx. You have no "right" to live in a building where rich people live.
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