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Hey guys not sure if this was answered before but I'm in college right now and living at home with my parents. My mother works for the city and was called for another lottery but we were above the above income guideline so we didn't get that apartment. Right now I'm a Sophomore but let's say we get an apartment before I graduate, what happens when I get a full-time job? Will they adjust the rent or will they kick me out? Also what happens at a Mitchell-Lama if all of a sudden the household income doubles?
If you signed a lease and already live in the apartment they cannot and will not kick you out. They may raise your rent according to guidelines for rent stabilized apts. In NYC. Not too sure what the percentage is of the increase.
If you're in a middle income lottery, they won't ask for annual income verification. If your mom is in a low income housing lottery, annual verification will be done and rents be adjusted accordingly based on income, but it'll never be something unaffordable.
Do you plan on finding your own apartment when you turn 21?
You'll be fine.
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