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Old 03-23-2017, 07:44 PM
 
1,258 posts, read 1,464,557 times
Reputation: 674

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I know I'm responding a little late, but they have to give you details. It's part of the protocol, and you are within your rights to insist on it (politely, of course). They have to show you, and they will, exactly how they calculated whatever--your assets, your income. You cannot simply be rejected. Let us know how this comes out for you. HPD seldom reverses a decision by the marketing agent, unless it's clear a blatant mistake was made, and often, you're the one who has to prove it. You need to be the expert here.
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Old 03-23-2017, 07:56 PM
 
1,214 posts, read 1,844,506 times
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I am curious as to what happened to this Kitkat0303. There is no requirement that assets be below household income. Just that it is below the income limit for a family of four for that income range.
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Old 04-10-2017, 01:10 PM
 
78 posts, read 234,164 times
Reputation: 14
It's been over a month for the appeal and crickets at HPD. From what Moving415 is saying, little to no chance to reverse the appeal. Hopes gone.
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Old 04-10-2017, 02:35 PM
 
201 posts, read 291,870 times
Reputation: 19
what's the name of the development?
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Old 04-11-2017, 07:41 AM
 
1,258 posts, read 1,464,557 times
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Get in touch with HPD yourself, and say you haven't heard back on your appeal. HPD also lets you know of the decision. There's a phone number and an email. The email should have been included in your rejection letter from the marketing agent.
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Old 04-11-2017, 07:45 AM
 
Location: Manhattan
25,378 posts, read 37,110,432 times
Reputation: 12786
It said my assets exceed household income


That makes no sense to me.
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Old 04-11-2017, 06:25 PM
 
1,258 posts, read 1,464,557 times
Reputation: 674
Force them to translate that for you.
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Old 04-11-2017, 08:17 PM
 
1,214 posts, read 1,844,506 times
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If your household was 4, then that would make sense, since the asset limit is equal to the household income limit for 4 people.
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Old 04-15-2017, 05:00 AM
 
17 posts, read 31,366 times
Reputation: 11
I think the cap is different for the different income bracket.
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Old 04-15-2017, 09:06 AM
 
Location: Manhattan
25,378 posts, read 37,110,432 times
Reputation: 12786
A friend got a lovely but small "affordable" 80/20 in Times Square a few years ago. I asked him if he had any tips for us. He said "They LOVE assets."
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