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They don't make judgments as to what's "good" or "bad," if the numbers add up, you're good, if not, too bad. There are no mitigating factors. No one sits there and says, well, he/she is a little short here, but has savings. It doesn't work that way.
They don't make judgments as to what's "good" or "bad," if the numbers add up, you're good, if not, too bad. There are no mitigating factors. No one sits there and says, well, he/she is a little short here, but has savings. It doesn't work that way.
Exactly!
Persons need to read and comprehend the *official* rules and regulations regarding this so called "affordable" process rather than relying upon second hand information, including via internet posts.
People have been disqualified from this process for being over (or under) income limits by small amounts for instance. If someone was sitting down and making decisions that "this or that didn't matter", then such things wouldn't happen.
Everything connected with this affordable housing scheme is audited, checked, double checked, and put under a microscope. And for very good reasons; besides taxpayer money being used to fund the scheme in the past there was no small amount of fraud.
Back in the day when these 80/20 lotteries weren't so popular that everyone and their mother was applying, plenty of funny things happened. Mistresses, family members, friends, or whatever of those who knew who or where to ask got apartments they were not qualified to receive.
Now the process is open and transparent. Either you fit the exact qualifications, or you don't. End of story. The only wiggle room allowed is how the sums are done; that is if income which shouldn't be calculated is; or should have been, not. That and or it can happen someone makes an error entering numbers; $1000 instead of $100.
Maybe he meant if having a savings account with money would hurt his chances or not. I asked the same question when I got called for an interview since I have a good amount saved up. Wasn't sure if they would be like "well you have this money saved up then why are you applying for affordable housing" and start questioning it
They lowered the asset cap recently, so if you have more than approximately $55,000 saved up, you will be disqualified unless the money is in a qualified retirement account.
Maybe he meant if having a savings account with money would hurt his chances or not. I asked the same question when I got called for an interview since I have a good amount saved up. Wasn't sure if they would be like "well you have this money saved up then why are you applying for affordable housing" and start questioning it
Yes thats what I meant and thank you all for answering. My other concern is I did not work half the year last year so my w2 for last year is below the range for 99% of the income brackets. Since they calculate the last 6 paystubs do I have to worry about last years w2 not meeting the income requirements?
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