The stockbroker that hid income and got a affordable apt? He gotta get the f**k out (Mount Sinai: affordable apartments)

[HellUpInHarlem]

Judge rules stockbroker must vacate his ill-gotten affordable Chelsea apartment

Douglaston wins case to evict wealthy renter from affordable apartment

The stockbroker with a six-figure salary who claimed he earned nearly $25,000 in order to score a rent-stabilized apartment has to pack up his things and move out, a judge ruled.
David Sans fought to hold onto his $722-a-month apartment at Douglaston Development’s Ohm rental tower in Chelsea after a state audit last year found he was among at least 160 tenants who has six-figure incomes but lived in affordable buildings across the city, court records show.
The court ruled that Sans lacked a valid explanation for why estimated income grew on later filings. An attorney for the tenant said he disagreed with the court’s ruling and would seek an opportunity to reargue the case.

Sans claimed that Douglaston needed to serve a “notice to cure” in order to evict him on the grounds that he breached his lease. But the landlord’s attorneys were able to argue that Sans’ misrepresentations threatened the building’s valuable low-income tax credits.
“This ruling provides owners with an avenue to act swiftly when false statements by low-income tenants jeopardize valuable low-income housing tax credits,” said Howard Kingsley of Rosenberg & Estis who represented Douglaston.
An audit released last year by state Comptroller Thomas DiNapoli revealed that Sans claimed a full-time salary of $24,745 when he applied for one of the affordable apartments at Douglaston’s 34-story tower at 312 11th Avenue in 2012, when in fact he made eight times as much.

When Sans came up for recertification he provided a 2012 tax return showing his income had jumped to $238,000 – a figure that would make him ineligible for one of the building’s affordable units. The next hear he claimed he got a job as a top executive at Mount Sinai Hospital three months after landing his affordable apartment, and reported income of $456,502.

https://therealdeal.com/2018/02/26/d...ble-apartment/

[WhyRUMad]

Thank god. Idiot taking advantage of the system. But in reality we shouldn’t have any such programs that have to be paid for by tax payers.

If you can’t afford it, getthe****outahere...!

[DonaldJTrump]

How do affordable housing rules work? Do you have to make the same income range every year?

[sirtiger]

160 tenants have 6 figure salary? The CD Data NYC answer is you can’t afford to live in NYC in a six figure salary!

[mathjak107]

Originally Posted by HellUpInHarlem

The stockbroker with a six-figure salary who claimed he earned nearly $25,000 in order to score a rent-stabilized apartment has to pack up his things and move out, a judge ruled.

https://therealdeal.com/2018/02/26/d...ble-apartment/

just to be clear on this : while affordable housing is rent stabilized they are very different than an apartment just being rent stabilized .

just being rent stabilized has no net worth limits and allows incomes up to 200k which have to happen 2 years in a row to be unstabilized only when the rent is above 2700 a month .