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Old 08-27-2017, 08:10 PM
 
34 posts, read 59,313 times
Reputation: 14

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As I predicted on 6/21/2017 and posted on page 51 of this thread. The developer opt-in to the new 421a or affordable housing new york program. They are making additional 59 units available to qualify for the tax abatement and refinancing rules.

You can read about their recent refinanced here
https://therealdeal.com/2017/08/22/m...-rental-tower/

These 59 units for phase 2 are at 40% and 120% AMIs or 80-120% AMIs depends on the agreement between the developer and the city, the new lottery will be similar to Via57 and 555ten phase 2 lottery.

As for the original lottery at 60% AMI, it will continues as is, qualified applicants will be asked to updates paystubs and bank statements to verify they are still within the ranges of the 2017 AMI.
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Old 08-27-2017, 08:20 PM
 
3,699 posts, read 3,855,209 times
Reputation: 2614
quote:
40% and 120% AMIs

I just can't with this anymore. I've given up on these housing lotteries, they are heart-wrenching.
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Old 08-27-2017, 08:22 PM
 
3,699 posts, read 3,855,209 times
Reputation: 2614
Would it hurt the developers to include those of us in the 60-80-and 100% AMI for a change? affordable housing my a s s
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Old 08-28-2017, 04:35 PM
 
28 posts, read 36,319 times
Reputation: 10
Quote:
Originally Posted by Ohlalaohlala View Post
As I predicted on 6/21/2017 and posted on page 51 of this thread. The developer opt-in to the new 421a or affordable housing new york program. They are making additional 59 units available to qualify for the tax abatement and refinancing rules.

You can read about their recent refinanced here
https://therealdeal.com/2017/08/22/m...-rental-tower/

These 59 units for phase 2 are at 40% and 120% AMIs or 80-120% AMIs depends on the agreement between the developer and the city, the new lottery will be similar to Via57 and 555ten phase 2 lottery.

As for the original lottery at 60% AMI, it will continues as is, qualified applicants will be asked to updates paystubs and bank statements to verify they are still within the ranges of the 2017 AMI.
From what I understood those who originally qualified are no longer going to be taken into consideration. He said reapply and you could be #1 as well as #50,000! So just basically Good LuCk Chuck! It was nice knowing you but please come back and try again! Unheard of BS!!! I feel really bad for those who Came so close to even having orientation.
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Old 08-28-2017, 06:56 PM
 
34 posts, read 59,313 times
Reputation: 14
Quote:
Originally Posted by L.E.S.girl View Post
From what I understood those who originally qualified are no longer going to be taken into consideration. He said reapply and you could be #1 as well as #50,000! So just basically Good LuCk Chuck! It was nice knowing you but please come back and try again! Unheard of BS!!! I feel really bad for those who Came so close to even having orientation.
I think there is a misunderstanding between you and the representative, phase 2 is a brand new lottery with different AMIs, thus the reason everyone must apply and they will start from scratch.

Phase 1 lottery is continuing with its current batch of applicants, from my experienced in updating my documents, there is no notification from the marketing agent that I have to wait and resubmit an application to the new phase 2 lottery.

Pilita can probably let you know if she have the same experienced in the process. Pilita, did your marketing agent informed that you need to resubmit an application? Or just updates your documents for final approval and unit assignment?
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Old 08-29-2017, 05:36 PM
 
67 posts, read 115,909 times
Reputation: 10
they emailed me, and they asked my latest pay stubs, 6 latest bank statements and 2016 Tax Return. they told me please send as soon as possible.I sent it and Just waiting 3 more months God knows when they gonna call me back...
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Old 08-29-2017, 07:18 PM
 
Location: Harlem, NY
7,906 posts, read 7,884,218 times
Reputation: 4152
Quote:
Originally Posted by pilita View Post
they emailed me, and they asked my latest pay stubs, 6 latest bank statements and 2016 Tax Return. they told me please send as soon as possible.I sent it and Just waiting 3 more months God knows when they gonna call me back...
When did this email come?
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Old 08-29-2017, 09:09 PM
 
28 posts, read 36,319 times
Reputation: 10
Quote:
Originally Posted by pilita View Post
they emailed me, and they asked my latest pay stubs, 6 latest bank statements and 2016 Tax Return. they told me please send as soon as possible.I sent it and Just waiting 3 more months God knows when they gonna call me back...
When did they email you? They told you you have to wait 3 more months? What log # did you have? I don't want to know exact but range, if you don't mind.
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Old 09-05-2017, 08:45 AM
 
67 posts, read 115,909 times
Reputation: 10
they emailed me last week, and I sent my bank statements and paystubs, and they said thank you and they will keep and touch. I dont know when.
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Old 09-05-2017, 05:37 PM
 
Location: Harlem, NY
7,906 posts, read 7,884,218 times
Reputation: 4152
Quote:
Originally Posted by pilita View Post
they emailed me last week, and I sent my bank statements and paystubs, and they said thank you and they will keep and touch. I dont know when.
You got it. Relax. Do not re-sign your lease. Listen to me
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