Change in Income - Qualify in Different range for same building? (apartments, moving)

[Manivan]

Hi,

What do you do if a building has reached your lottery number and are contacted but your income has changed and you no longer are in the income range you applied for but are in a different income range that also has/had units for the same building in the initial lottery posting? Will they consider you for a unit in the different range?

Thanks!

[WildAboutHarry]

Originally Posted by Manivan

Hi,

What do you do if a building has reached your lottery number and are contacted but your income has changed and you no longer are in the income range you applied for but are in a different income range that also has/had units for the same building in the initial lottery posting? Will they consider you for a unit in the different range?

Thanks!

Typically, when you are contacted again you are asked to submit updates to your present income. So, YES, they might be able to consider your application for other units you might qualify for that might be unfilled.

In a manner of speaking you haven’t applied to any income range yet. You just entered a lottery to be considered for a building, and that was some months ago. When they contact you again to submit documents they typically consider you for whatever units are still unfilled at your present income and household size. It can be possible that an applicant’s income rises so much that there are no units in the entire lottery that they qualify for anymore.

Sometimes, the process can take so long that new income brackets are used. US HUD issues AMI standards each year in the spring typically.

Sometimes, there is overlap in the income brackets.

These things also contribute to the process moving so slowly. Applicants are vetted before they are allowed to proceed for possible residency in a unit.

[Ghost20]

Once your income changes it’s best practice to update your profile immediately. Lotteries you have already applied to will use a snapshot of your profile at the time your log # is reached (not at the time of application). So if your profile has been updated before they reached your #, you should be good as long as there are units available within the AMI/household size you are in now.

I believe there was another thread on this forum not too long ago and the applicant did not update their profile by the time their log was reached (I believe their household size changed) and the building was not with it.

So it also depends on if the building is understanding and willing to work with you.

[yoyo295]

This just happened to me. They wouldn’t accept my updated income when they reached my lottery number and there were apartments available that I would have been eligible for. It sucks!