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Nyc246: It was 30 years ago and I really don't remember what other paperwork, but mostly concerned with income. Besides, what I might remember can have changed over time, but I recall it being far less onerous than the 80/20s are now.
Shoshanarose: To get in, you could be a little bit over, maybe 10%. After that, if your income rose, you could pay up to 50% additional surcharge, based on income. The rule was that if you paid 50% for 3 years, you had to leave, but it was not enforced. There was also supposed to be a maximum income at which point you had to leave, but that was not enforced, either.
[quote=NYC refugee;45694415]Nyc246: It was 30 years ago and I really don't remember what other paperwork, but mostly concerned with income. Besides, what I might remember can have changed over time, but I recall it being far less onerous than the 80/20s are now.
Thank you very much and if you think or hear of anything that would be helpful about the process it would be great.
Nyc246: It was 30 years ago and I really don't remember what other paperwork, but mostly concerned with income. Besides, what I might remember can have changed over time, but I recall it being far less onerous than the 80/20s are now.
Shoshanarose: To get in, you could be a little bit over, maybe 10%. After that, if your income rose, you could pay up to 50% additional surcharge, based on income. The rule was that if you paid 50% for 3 years, you had to leave, but it was not enforced. There was also supposed to be a maximum income at which point you had to leave, but that was not enforced, either.
Thanks but...I don't understand.
I thought if you earn too much,you don't qualify.
How can it be that you can earn 10% over the limit, and still get the apartment?
Right, but I think these apply if you've ALREADY gotten the apartment and moved in. And then if your income goes up after that.
Not beforehand, you won't qualify if you're over the limit,right?
I think it depends upon development and possibly also program. The last Penn South ad, you can see, specifically states maximum of 50% over is possible:
If my log number for East Midtown Plaza 1 bedroom lottery was around 900, do you think I will ever get offered an apartment? If so, how long might it take? (approximately)
I don't think your log number counts, it's the number you get on the ML waiting list. I waited 7 years way back when and was on the internal list for a larger unit for almost the same when they changed the game.
As for being a little over the income guideline, this is not the 80/20s, this is Mitchell-Lama and it's completely different. I don't know if you can get in now if you're over, but back then if you were only a little bit over they let you in.
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Paperwork
