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Old 11-26-2019, 07:55 PM
 
430 posts, read 510,569 times
Reputation: 292

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Quote:
Originally Posted by livingsinglenyc View Post
And the amounts go up a certain percentage every year so keep that in mind. But it’s still 25% down payment.
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Old 11-26-2019, 10:08 PM
 
3 posts, read 2,786 times
Reputation: 10
Correction -- I drove past there tonight, and people are indeed living in the building. Looks like the lower levels are occupied -- that's where I saw lights, etc. The front gate was closed and someone was sitting at the desk.
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Old 11-26-2019, 11:45 PM
 
6,680 posts, read 8,265,981 times
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I just re-read the whole thread from start to finish.
It's very informative and worth the read.

I want to say thank you to many of the posters who have been active on this thread for years, who live there and still come back providing information.

I especially like the post about people who have moved in and how the decorated their apartments.
Its nice to hear people share their experience and feel their happiness through their words.
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Old 11-27-2019, 01:46 AM
 
Location: Harlem, NY
7,909 posts, read 7,943,091 times
Reputation: 4153
Y’all posted pics or nah?
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Old 11-27-2019, 01:47 AM
 
Location: Harlem, NY
7,909 posts, read 7,943,091 times
Reputation: 4153
This is it?
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Old 11-27-2019, 02:27 AM
 
450 posts, read 477,109 times
Reputation: 734
Boards for lottery hopefuls, not lottery winners.
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Old 11-27-2019, 04:30 AM
 
132 posts, read 253,784 times
Reputation: 48
Quote:
Originally Posted by SHAY_ View Post
I got the email of being selected, honestly i have been so desperate looking for affordable apartments that i apply for everything that i can afford and did
Not realize that Penn South was an CO-OP and that i do not have that type of money to put down. How much do you need to put down, please give dollars.
Twenty-Five percent of 100,000 for example, is $25,000. You don't have to send the application in if this is something you don't want or can't afford. I'm sure at the end of the application deadline, they will adjust the log #'s and waiting list accordingly depending on how many applications (with the $100.00 fee) they actually receive? (I'm guessing)

Last edited by bronxgirl6; 11-27-2019 at 04:40 AM..
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Old 11-27-2019, 05:19 AM
 
105 posts, read 244,023 times
Reputation: 33
Also, based on how long it has taken for others to be chosen off of the waiting list, you will have some time to save.
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Old 11-27-2019, 05:32 AM
 
40 posts, read 59,324 times
Reputation: 22
Even though Penn South isn’t technically Mitchell Lama, I would reach out to the Hebrew Free Loan Society and see if they can help. They offer interest free loans for Mitchell Lama: https://hfls.org/loan-programs/housing/
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Old 11-27-2019, 06:14 AM
 
25 posts, read 38,843 times
Reputation: 16
Yea with two guarantors that make at least 50k/year
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