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Old 11-04-2017, 11:24 AM
 
76 posts, read 52,113 times
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Two co-op wait-lists are open right now and they're doing lotteries. 2 PRIME buildings. Wanted to start a new thread for it since there are alot of ML threads on here and everything seems to be kinda fragmented

Studios & 1 Bedrooms - Big 6 Towers in Woodside, Queens

3 Bedrooms - Washington Square SE on Houston St. & Laguardia Pl.

apply here:

https://a806-housingconnect.nyc.gov/...rrent-projects


The 3 bed occupancy rules seem kinda tough for the Greenwich Village building. But what a deal. Under $30k buy in and maintenance is under $1k.

Big 6 towers is a great place and there are 7 buildings there (almost 1000 apartments total) so I'm sure those lists will move a lot quicker than Washington Square SE's 3 bed list.

I think throughout the new year we will see other buildings open up their lists and do lotteries. You gotta realize these buildings were all built 50+ years ago and are stocked full of the original tenants. People pass away and do not leave succession, or transfer internally, so we're seeing more and more buildings have real vacancies. I would have never thought that York Hill or Washington Square would do a new lottery in a million years, and here we are..

Good luck to everyone applying!
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Old 11-04-2017, 02:05 PM
 
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Minimum 5 bodies for a 3 bed ??? good luck
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Old 11-04-2017, 02:11 PM
 
3,700 posts, read 2,485,824 times
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Whoa i just signed into the mitchell lama section of Housing Connect and I'm very confused by it. Can someone give a brief description of how this program works? I think I know how it works, but viewing the listings makes it confusing. These are clearly for purchase apartments right like condos/co-ops? so i'm totally out of the loop I wouldn't be able to come up with the down payment and probably don't qualify credit wise (666-670 are my credit scores even though I have never missed a payment on anything in a gazillion years... it's just too much debt to income ratio at this point trying to stay afloat in this city, i screwed myself).
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Old 11-04-2017, 05:57 PM
 
111 posts, read 74,511 times
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M-L is pretty straight forward. Most are co-ops. There are a few apartment buildings left but not much. Many range in price but expect to pay at least 10k. That will also depend on the unit size. The maintenance tends to be low so if you can come up with the purchase price it is worth it. You can get a personal loan but you won't be able to get much else. A few buildings work with a credit union but the one we just purchased did not. There are maximum income limits (and minimum) but it varies by building. I don't think your credit score would be an issue. It's not terrible.

Most of the buildings have a years long waitlist and it depends on the location and how many units are available. If you are a veteran you get preference.

You have nothing to lose by putting yourself on a few lists. Most have an application fee that is returnable if you decide you do not want to be on the list anymore. It could be a few years to a decade before you are called and by then you may have the money you need to purchase or be able to borrow it. It you are planning on staying in NYC it's worth it to apply. If you move you must update your address and send a SASE for them to confirm they received it. They snail mail you when your name comes up and they DO NOT call. I applied before they did it online so maybe now they will contact you electronically if that is the way you applied.
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Old 11-04-2017, 05:57 PM
 
Location: Eric Forman's basement
1,688 posts, read 1,659,276 times
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I just applied to the Big Six. I haven't been too lucky to date, but it doesn't hurt to try!
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Old 11-04-2017, 09:02 PM
 
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OCCUPANCY STANDARDS: Three Bedrooms: No fewer than (A) five (5) persons, (B) parent(s) or guardian(s) with two children of the opposite sex, (C) a household of three adults with one child where at least one adult is the parent or guardian of such child, or (D) a household of one parent or guardian and his or her three children shall occupy a three-bedroom apartment


This occupancy is confusing
So does a single mom with 2 adult children of opposite sexes qualify?
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Old 11-04-2017, 09:11 PM
 
Location: New York, NY
2,456 posts, read 1,806,602 times
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anyways, I also applied to the Big Six, even though I am no fan of Queens, unless it's LIC.
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Old 11-04-2017, 09:40 PM
 
532 posts, read 454,439 times
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I applied for both.
I can't wait to get the not selected log lol.
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Old 11-04-2017, 09:41 PM
 
532 posts, read 454,439 times
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Quote:
Originally Posted by DonaldJTrump View Post
OCCUPANCY STANDARDS: Three Bedrooms: No fewer than (A) five (5) persons, (B) parent(s) or guardian(s) with two children of the opposite sex, (C) a household of three adults with one child where at least one adult is the parent or guardian of such child, or (D) a household of one parent or guardian and his or her three children shall occupy a three-bedroom apartment


This occupancy is confusing
So does a single mom with 2 adult children of opposite sexes qualify?
Aren't you so a called billionaire and now President.
Why do you need our affordable housing?
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Old 11-05-2017, 11:53 AM
 
76 posts, read 52,113 times
Reputation: 131
Quote:
Originally Posted by DonaldJTrump View Post
OCCUPANCY STANDARDS: Three Bedrooms: No fewer than (A) five (5) persons, (B) parent(s) or guardian(s) with two children of the opposite sex, (C) a household of three adults with one child where at least one adult is the parent or guardian of such child, or (D) a household of one parent or guardian and his or her three children shall occupy a three-bedroom apartment


This occupancy is confusing
So does a single mom with 2 adult children of opposite sexes qualify?
That is an interesting question. I am not sure. A single mom with 2 children of the opposite sex would definitely qualify. But adult children? I don't think so - anyone 18+ would be on the lease and their income would be included into the overall composition of the household.

You might as well apply anyway and cross that bridge when you get to it
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