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I was thinking about that too. The rejection might have something to do with the property sale, but that's something BG would have vetted, which makes me believe there's hope for you--HPD might have missed something, a detail in this sale. BG's process is so arduous that it's hard to believe it would let something like that pass without clarification. Perhaps HPD simply missed something, and once that's cleared up, you'll be good to go!
Thanks so much everyone. Yes they did say it was "about the condo sale." That was all they said. But that was over a year ago and I had huge debt and all my current assets are accounted for and I am not over the limit. Assets also are part of income (.06% of market value OR actual income --for example, rental income). But any "income" I had from the condo was already completely reflected on my tax return. It's not even really clear whether HPD can add in past assets to past income; but it is possible that is it, and that HPD's issue is with BG not doing that calculation. (I brought in everything to BG, but their position was "that asset is over. We look at actual current assets.") I believe that even with that calculation I am under the income limit for 2016, in addition to the fact that Ino longer have that asset in 2017 or going forward. So I did try to cover all those angles in my email to HPD...as best I could without knowing exactly what they are saying.
They do include all assets disposed of for less than fair market value in the past two years. Remind me, what happened to the condo and the money from the sale?
It was not for less than fair market value and it almost all went to debt. Jointly owned with my mom. Definitely not over the asset limit. Think they are doing a weird "past income" calculation.
It means that once they get in the building AFFORDABLES start behaving like GHETTO PROJECT MORONS and not abide by the building rules LIKE THEY HAVE IN OTHER BUILDINGS. GOT IT ?? AIGHT ??
But if someone's numbers add up (income, credit, assets, etc.), what would be grounds for rejecting them? "We don't like your personality?" "You seem loud?" This would cause so much legal havoc that I don't see how such screening is possible... If they're qualified by the numbers, they're qualified, unless I've missed some caveat in the rejection criteria...
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