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Old 05-18-2014, 12:30 PM
 
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Popartist, do you happen to know if the credit checks are only for the head of household and spouse, or all members of the household?
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Old 05-18-2014, 12:40 PM
 
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I have no idea what the credit check policy is.
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Old 05-18-2014, 01:33 PM
 
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Quote:
Originally Posted by popartist View Post
These are the general limits from off HPD's site, although it also says " In addition, each development sets its own restrictions and limitations." I know the max for a studio (1-2 people) in the last lottery was $61K but the monthly charge for those apartments is about 60% of what they charge for a 1 bed (plus limits may have been adjusted after the Census as AMI's go up) so I think the income limits for the 1 beds are very likely what is set forth below.



HPD - Apartment Seekers - Mitchell-Lama Housing
There's wiggle room in the laws, I forget where it was discussed over here, but DHCR at least has leeway. The "you may be charged a surcharge if you are over" clause, to nutshell it. It depends on who runs your development (hence the quoted language above), and whether they accept federal or state funds. In other words: You never really know what they'll accept until you try.

Plus, I think some developments give you leeway whether or not you want to report your state or federal AGI, I assume most people go with the lowest. I've also seen "take a deduction of 1,000 if you filed a New York State tax return, in addition to the federal return".
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Old 05-18-2014, 01:42 PM
 
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I know if you go over once you are already living somewhere then they will charge a surcharge, but for initial entry I am pretty sure they stick to the limits.
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Old 05-18-2014, 03:26 PM
 
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Quote:
Originally Posted by popartist View Post
These are the general limits from off HPD's site, although it also says " In addition, each development sets its own restrictions and limitations." I know the max for a studio (1-2 people) in the last lottery was $61K but the monthly charge for those apartments is about 60% of what they charge for a 1 bed (plus limits may have been adjusted after the Census as AMI's go up) so I think the income limits for the 1 beds are very likely what is set forth below.



HPD - Apartment Seekers - Mitchell-Lama Housing
I dont know what masaryk goes by then lol what their ad for the waiting list said or what the website says. Guess its just safe to say two people will be around 85-96k max income that you cant go over
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Old 05-18-2014, 03:27 PM
 
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Well, according to the new law they will take you if you're 25% over the limit, but you will have to pay the surcharge
http://eastvillagernews.com/2013/11/...itchell-lamas/
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Old 05-18-2014, 03:28 PM
 
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Originally Posted by LexAveExp5 View Post
Popartist, do you happen to know if the credit checks are only for the head of household and spouse, or all members of the household?
Credit check is for everyone that works. Because even though they ate not head they are still bringing income into the houshold. My building is HPD lottery as well but rental not coop and they check everyones credit. If the person moves in after the head already got the apartment then they do not check. They only need their w2s and pay stubs to be added to the lease. But if they are applying at the same time as the head they are also checked
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Old 05-18-2014, 03:29 PM
 
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Originally Posted by LexAveExp5 View Post
Well, according to the new law they will take you if you're 25% over the limit, but you will have to pay the surcharge
New law broadens eligibility for tenants of Mitchell-Lamas | East Villager & Lower East Sider
Yes alot of places do let you go over but you get that surcharge added on
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Old 05-18-2014, 03:34 PM
 
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Quote:
Originally Posted by LexAveExp5 View Post
Well, according to the new law they will take you if you're 25% over the limit, but you will have to pay the surcharge
New law broadens eligibility for tenants of Mitchell-Lamas | East Villager & Lower East Sider
Quote:
And 125 percent of that area median income is $75,250 for an individual, $86,000 for a family of two, $96,750 for a family of three and $107,375 for a family of four.
Which is just about what the HPD website says, so...
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Old 05-18-2014, 03:38 PM
 
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Quote:
Originally Posted by LexAveExp5 View Post
Well, according to the new law they will take you if you're 25% over the limit, but you will have to pay the surcharge
New law broadens eligibility for tenants of Mitchell-Lamas | East Villager & Lower East Sider
That's it, thanks! It makes sense I guess, there's so much new variance in the definition of "middle class" in respect of NYC, lol. Less headaches to expand the qualifying standards from the beginning.
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