The standards are also applied without regard to pending/projected birth or adoption of a child. Or a parent/guardian with his/her Three (3) childrenĪpplicants must show that they meet occupancy standards at the time that the request to be placed on the waitlist is made.Or three adults with One (1) child where at least one adult is parent/guardian of the child.Or parent(s)/guardian(s) with Two (2) children of the opposite sex.Or a parent/guardian with at least One (1) child.Or a brother and sister who are both adults.Please see HPD Occupancy Standards listed below: Appliances and the repair of appliances are the responsibility of Cooperators.Īll fees and investigations will be collected/conducted when your application number is called and you are offered an apartment. The Cooperative does not provide appliances or repairs appliances.
NO PETS ARE ALLOWED at East River Landing/1199 Housing Corp. Please be advised that in addition to Eligibility Requirements, Credit Score, and Criminal Investigation(s), a satisfactory Home Visit must be achieved. Everyone listed on the application must be home when the visit is conducted, and photographs will be taken of each household member. Home VisitĪll applicants will be subject to a Home Visit. The criminal investigation fee is NON-REFUNDABLE. Should your application be rejected based upon the criminal investigation conducted on you or anyone listed on your application, the criminal investigation fee will not be refunded. If you are not sure about your credit score, you may wish to obtain a copy of your credit report from a credit-reporting bureau such as Experian (1-88), Equifax (1-80) or Trans Union (1-80).Īll adult applicants age 18 years or older will be subject to a criminal investigation and sexual offender investigation through the Unified Court System. In the event an application is rejected based on a credit report or credit score, the application fee will not be refunded. The guarantor must possess an annual income that exceeds $75,000 and a FICO credit score of at least 700.00. Any application that receives a credit score below 650 will be rejected.įor seniors who do not meet income requirements, we will consider your application provided you meet the rest of our criteria and you can provide a guarantor.
East River Landing (1199 Housing Corp.) expects applicants to achieve a credit score of 650 or greater. (HUD).Īll applicants are subject to a credit investigation that will include a FICO credit score. PLEASE NOTE: All Equity, Basic Maintenance and Fair Market Value are subject to change at the discretion of 1199 Housing Corporation and the Department of Housing and Urban Development. The additional amount will be calculated at the time the shares allocated to the apartment are sold. ** There will be added to equity, an amount equal to the mortgage amortization that is payable for the apartment. All other applicants whose income is above the minimum will pay either 30% of their annual income or Fair Market Value (to be determined). Basic Maintenance applies only to persons who have minimum income. Minimum income required refers to the total gross income for all household wage earners. Internal Transfers: After a shareholder accepts a unit, the above Equity and Amortization payment is required within seven (7) business days.įailure to make said payment within the required time frame will result in the apartment being assigned to the next eligible shareholder/applicant on the list.ĬOMBINED INCOME CANNOT EXCEED THE AMOUNT INDICATED BELOW WITHIN FAMILY SIZE PER APPLICATION New Applicants: Once your application has been processed and approved by the NYC-Department of Housing Preservation & Development (HPD), the above equity & amortization payment is required within seven (7) business days.
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