Monday, October 19, 2015

NY HOUSING REVISITED

Am I eligible?
All Mitchell-Lama developments have eligibility requirements related to income limits, family size, and apartment size. In addition, each development sets its own restrictions and limitations.
What are the maximum income limits for admission at these developments?
Maximum income limits differ for federally-assisted rental and cooperative developments, and non-federally-assisted developments. The waiting list specifies if a development is federally subsidized and if it is a rental or cooperative.

Household SizeIncome Limits
 Federally Assisted RentalFederally Assisted CooperativeNon Federally Assisted
1$48,350$75,546.88$75546.88
2$55,250$86,328.13$86,328.13
3$62150$97,109.38$97,109.38
4$69,050$107,890.63$107,890.63
5$74,600$116,562.50$116,562.50
6$80,100$125,156.25$125,156.25
7$86,650$133,828.13$133,828.13
8$91,150$142,421.88$142,421.88


What happens if my income rises above the limit once I am a resident of a Mitchell-Lama development?
A surcharge will be added to your monthly rent/carrying charge if your adjusted household income from the prior calendar year exceeds the maximum income limit. Every year Mitchell-Lama tenants are required to complete an income affidavit. This form allows your housing company to calculate your adjusted household income and the amount of a surcharge you may have to pay.
More questions?
For questions regarding the City Sponsored Mitchell-Lama Program: (212) 863-6500, or email Mitchell-Lama@hpd.nyc.gov.
For information on the New York State supervised Mitchell-Lama housing program, please see the New York State Homes and Community Renewal FAQs or call (866)463-7753