Housing Lottery Interview Questions... Please Help!

[macnyc2003]

Originally Posted by noircat91

I think you're fine where you stand as long as you do not pass the $44K threshold

Just makesure your income is within that bracket which includes your checking and savings

This is not correct. Your income does not include what's in your checking and savings accounts. Those are assets, not income. Income is what is indicated on your pay stubs, your past tax return (or two), and the employer statement. Also, deposits going into your checking and savings account will be scrutinized to see if they are the result of current work, child support payments, etc.

[noircat91]

Originally Posted by macnyc2003

This is not correct. Your income does not include what's in your checking and savings accounts. Those are assets, not income. Income is what is indicated on your pay stubs, your past tax return (or two), and the employer statement. Also, deposits going into your checking and savings account will be scrutinized to see if they are the result of current work, child support payments, etc.

Well the marketing agency DOES add that into your income.

I guess different for every marketing agency because they did that with MINE.

[macnyc2003]

They cannot add the balance of your checking and savings account to your income and call it all "income." (They can add the interest generated by the accounts.) Are you sure that's what they did? If so, that was grounds to appeal.

[randomperson2]

Just be prepared--if you applied for a two-bed, you will no longer qualify. If there are one-beds or studios available in your income range, you may be considered for those instead. However, they will have called you based on what you apparently qualified for, so there may or may not be apartments of other sizes that you *do* qualify for still available.