Affordable Housing Workshop Presentation

8/10/2019 Affordable Housing Workshop Presentation

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Overview

Finding Affordable Housing

Who Qualifies

Application Procedure

Selection Process

Credit Counseling and Financial Literacy

Questions and Answers


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What is Affordable Housing?


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What is Median Family Income (MFI)?


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$ 85,900 !

2013

What is New York Citys MFI/AMI?


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TOTAL NUMBER OF AFFORDABLE

HOUSING UNITS AVAILABLE*

1,073

In Community Board 2 in next few years


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HOW DO YOU FIND AND SIGN UPFOR AFFORDABLE HOUSING

Online

WWW.NYC.GOV/HOUSINGCONNECT FOR

CURRENT LISTINGS

Call 311 And Ask For Affordable Housing Look For Advertisements In Newspapers

Contact Non-profit Community Based

Organizations


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UNDERSTAND ELIGIBILITY GUIDELINES

Every Project Has Different Income

Requirements based on Household Size (HHS)

Many projects have apartments at various

income ranges


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HOW DO YOU KNOW IF YOU ARE

ELIGIBLE

Income Requirements

Minimum Maximum income requirement andeach range depends on the percentage of AMI and

household size (HHS)

List all members of your household (list all thepeople that will be living in your new apt)


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HOW DO YOU KNOW IF YOU ARE

ELIGIBLE CONTINUED

Your Credit History Meets The DevelopersStandards (credit score)

Background checks for housing rent paymentsand criminal history will be done on all

applicants


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APPLYING ON HOUSING CONNECTTO APPLY ONLINE FOR NYC HOUSING CONNECT

YOU NEED: Access to Internet

A Valid Email Address

Only One Account Should Be Created PerHousehold


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TIPS FOR APPLYING FOR AFFORDABLE

HOUSING

Make Sure That All Sections On Your Application

Are Completed To The Best Of Your Knowledge.Incomplete And Unsigned Applications Will Be

Disqualified

Fill out information on Housing ConnectKeep information updated. When you apply from

Housing Connect they use the information from whenyou first registered

Once registered on Housing Connect, you upload thatinformation and press Apply for any new projectsthat you may be eligible


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HOUSING CONTINUED

Look For Projects In Your Community Boards

As Community Board Residents Normally Get50% Preference

Look at advertisement (available from link inHousing Connect) for any project you are

applying for to see their Income requirements

and rent levels


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HOUSING CONTINUED If Currently Receiving a Housing Subsidy Note On Your

Application - This Makes You Eligible if You Do Not MeetMinimum Income Requirements

If using mail, Mail Your Application Before The Deadline

Date Do Not Use: Priority, Certified, Expressed, Registered,Overnight Or Oversized Envelopes

Do Not Submit Duplicate Applications. If You Apply Online then You Cannot Apply Via Mail

For The Same Project


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HOUSING CONTINUED

Do Not Duplicate Your Household Members

You cannot list the same household members onseparate applications


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HOW ARE APPLICATIONS PROCESSED All Applications Are Randomly Ordered And Assigned A

Log Number. The City of NY oversees the lottery for the

developments highlighted in this presentation.

Applicants That Meet One Or More Preferences Will Be

Contacted FirstPreferences Include Persons With Disabilities,

Community Board Residents and City Employees

NYC Residents Receive General Preference Over Non-city

Residents


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HOW ARE APPLICATIONS PROCESSED

CONTINUEDThere are no application fees for any projects. Fees may be

charged for credit checks however.

Response Time Can Take 2-10 Months Depending on Number of

Applicants

Ineligible Applicants Will Not Be Contacted

Greatest Chance of Being Contacted

If You Are Randomly Assigned A Low Log Number

You Meet One Or More Of The Preference Categories


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INTERVIEW AND SELECTION PROCESS Be Prepared to Bring:

Tax Returns

Paystubs

Job Letters Bank Statements (checking/savings)

Asset Statements (401K,TDA, NYCERS etc)

CPA Letters (where relevant)

Proof Of Address And Ids

Copy Lease

Copy Birth & Marriage Certificates

Confirm Your Appointment Immediately And MakeSure You Show Up For Your Interview

If You Are Unable To Submit Documents In Person, YouCan Email Or Fax Documents To Meet Deadline


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INTERVIEW AND SELECTION PROCESS

CONTINUED The Developer Reviews Your Documentation And Verifies Your

Eligibility

After Developer, A City Employee Will Review the File for Accuracy

If Your File meets all the requirements for the project i.e., income,

credit and household size, then you will be approved and offered alease

Appeals:

If You Wish To Appeal A Decision, Make Sure You Follow TheInstructions On How To Appeal

You Will Have Only 10 Days To Submit Written Appeal AlongWith Documentation To Substantiate Your Appeal


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FINANCIAL LITERACYFAC Community Services:

FREE financial coaching and benefits screening

Budgeting: Track your spending and monitor all expenses

Increase your income with benefits and free services

Saving:

Clarify your personal goals

Take advantage of pre-tax savings plans and money saving FREE

services

Call 347-844-0220 for a free financial coaching or

benefits screening appointment today!


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WHAT IS CREDIT?

Credit is a loan to buy something and the promise to repay

the loan. You must have borrowed money in order for

something to be considered credit.

WHY SHOULD I CARE? Housing

ID Theft

EmploymentHOW CAN AI CHECK MY CREDIT?

FREE Report: www.AnnualCreditReport.com

FREE Transunion score: www.CreditKarma.com Scores run from 350-850. You need a minimum score of

600 to qualify for the housing described tonight.


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HOW CAN I CHECK MY CREDIT?

FREE Report: www.AnnualCreditReport.com

FREE Transunion score: www.CreditKarma.com

Scores run from 350-850. You need a minimumscore of 600 to qualify for the housing described

tonight


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Questions & Answers


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THANK YOU FOR ATTENDING THIS

WORKSHOP

TO GET A COPY OF THISPRESENTATION YOU CAN VISIT OUR

WEBSITE ATwww.fifthave.org