Thank you all so much for taking the time to share your insights! I really appreciate all of you.
To answer the questions asked above, I currently live in a studio, but my finances do also deem me eligible for a one bedroom or two bedroom within the lower band AMI (link to housing connect advert below)
My building is 100% affordable units. There are about 100 units in total. It's at Greenpoint Landing, where they built smaller buildings to subsidize the large market-rate towers behind the affordable buildings. Therein lies the concern. Their policies surrounding transfers doesn't seem to be appropriate, seeing as I've lived here for 4 years and haven't moved up the waitlist despite seeing people move out of the building.).
In total there will be 10 affordable housing buildings as a part of this Greenpoint Landing mega development. This adds up to over 1,000 affordable apartments (I actually think it's around 1,400, if I recall correctly) as part of this huge development project. So far they've only built 3 of 10 of the affordable buildings. Right now there is an affordable building that has been constructed and will likely be open within the next year or two. All of these buildings are run by the same management company.
My hope is that maybe they can transfer me between buildings because they will have more units available within this project as a whole. I have some info below about this, but I'm not sure if it applies to my particular situation. For reference, my building is a part of the Low–Income Affordable Marketplace Program (LAMP) of the New York City Housing Development Corporation and the Inclusionary Housing Program of the*New York City Department of Housing Preservation and Development.
According to the HPD-LIHTC Compliance Manual (link below), it states:
11-5. The Transfer Rule When a resident at a tax credit property transfers, the two units involved in the transfer exchange their status as either a market or tax credit unit.
A tax credit resident: A. May transfer to another unit in the same building without re-qualifying for the tax credit program;
B. May transfer to another building at the same property if their income is not more than 140% (170% in a deep rent skew property) of their income limit; (pg 124)
C. Takes their tax credit status, lease and income certification (including its effective date) to their new unit.
Note: You need to know how the “property” is defined. An owner receives a Form 8609 for each building from HPD. Before submitting a Form 8609 to the IRS, the owner notes on Line 8b if the building represented by the form is part of a property that includes other buildings.
a. If a building is not part of a multi-building property, you may not transfer a resident to any other building. If a resident wants to move into another building, you must qualify them again for the tax credit program by completing a new initial certification of eligibility.
b. If a building is part of a multi-building property, so long as their income is not more than 140% of their current income limit, a resident may transfer to any other building listed as part of the same property on its 8609 form. The manager should be sure to verify the impact on the applicable fraction for both buildings before approving the transfer. An owner is responsible for providing management with the 8609 forms for the buildings at their property. HPD will not be responsible for telling managers which buildings comprise a property.
D. During the initial credit period, existing tenants may not be relocated for purposes of qualifying more than one LIHTC unit to count toward the minimum set-aside or applicable fraction. Under no circumstances may one household be used to initially qualify more than one tax credit unit in the project.
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I've reached out to many different housing organizations, council members, HPD, and even pro-bono disability attorneys and have received no help on this issue. It's been really tough because no one in positions of power seem to care.
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Links:
HPD-LIHTC Compliance Manual :
https://www1.nyc.gov/assets/hpd/down...nce-Manual.pdf
Housing Connect Advert:
https://a806-housingconnect.nyc.gov/...entpdf/211.pdf