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Old 03-10-2023, 06:15 PM
 
96 posts, read 63,363 times
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Quote:
Originally Posted by randomperson2 View Post
Only 8 units and they've gotten into the 800s on log numbers? Whew.
It’s reside New York.. everyone is getting called back lol
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Old 03-10-2023, 07:41 PM
 
293 posts, read 222,544 times
Reputation: 57
Ahhhh **** is it Reside?! Nooo haha I may not even submit documents then. They are the worst. Everyone gets asked to submit docs!
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Old 03-11-2023, 09:21 AM
 
6 posts, read 6,733 times
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First timer, log 4xx, was asked to submit docs yesterday, and I elected for in person appointment. I emailed the contact person. Did I screw up by not submitting them online?

I wonder if this is an LIHTC or HUD. I'm an NYC native (The Bxxxxxx) and a PhD candidate (I don't qualify for LIHTC, but do for HUD given student definitions, I checked). My income more than qualifies. I'm afraid I'll be seen as a student despite me teaching and doing research for a living... and doing ZERO student-ing. But I wonder if it comes to that maybe I can add my bf who isn't a student to the application in order to still qualify (still meet income qualifications with him).

Ugh nervous. I know they're fun-sized. But I'm young, work nearby and just need a decent place for me and my dog to have a bed and roof.
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Old 03-11-2023, 09:59 AM
 
84 posts, read 67,446 times
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I wonder what the highest log # that's been called so far is. I'm in the #1200s and haven't heard anything.
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Old 03-11-2023, 12:44 PM
 
3,130 posts, read 2,724,468 times
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Looks like it might just be 421(a)...I don't think pure 421(a) has student restrictions. It's an interesting question.
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Old 03-11-2023, 03:07 PM
 
6 posts, read 6,733 times
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Quote:
Originally Posted by randomperson2 View Post
Looks like it might just be 421(a)...I don't think pure 421(a) has student restrictions. It's an interesting question.
Well that would be great! I meet all other requirements... I'd even give them a years worth of rent upfront. I just hope I'm seen as a professional/graduate student. Federal cr*p online says that only LIHTC's would disqualify me. So fingers crossed.
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Old 03-11-2023, 04:35 PM
 
293 posts, read 222,544 times
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I was told that legally they can’t accept a years worth of rent upfront.
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Old 03-11-2023, 04:39 PM
 
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Quote:
Originally Posted by yoyo295 View Post
I was told that legally they can’t accept a years worth of rent upfront.
Oh interesting. I got the impression from the email that they could since it says: "Applicants have the choice of either providing 12 months of complete rent payments or consenting to a credit review. If found eligible, you will be asked which option you would like to proceed with."
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Old 03-11-2023, 05:11 PM
 
Location: New York City
1,698 posts, read 1,437,407 times
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Quote:
Originally Posted by jakihiko View Post
Oh interesting. I got the impression from the email that they could since it says: "Applicants have the choice of either providing 12 months of complete rent payments or consenting to a credit review. If found eligible, you will be asked which option you would like to proceed with."
They mean you have to provide proof you've paid your current rent for the *past* 12 months or consent to the credit check.
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Old 03-11-2023, 05:17 PM
 
31,890 posts, read 26,926,466 times
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Quote:
Originally Posted by jakihiko View Post
Oh interesting. I got the impression from the email that they could since it says: "Applicants have the choice of either providing 12 months of complete rent payments or consenting to a credit review. If found eligible, you will be asked which option you would like to proceed with."
2019 rent laws prohibit LLs from taking more than one month rent as security deposit.

https://www.brickunderground.com/ren...curity-deposit
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