Apply for affordable housing at 14 West Broadway.
Applications are available for 10 days beginning on September 13th and can be picked up in person at 14 West Broadway.
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What a treat that would be. I wonder what happens if you exceed the AMI threshold later down the road, are you forced to sell?
You can exceed the max once you’ve purchased and lived there, but if you choose to move/sell later down the road you cannot sell for more than the affordable rate you paid to purchase. If this were an affordable rental you must comply with the income limit every year, but that amount also increases slightly to account for small increases in your salary so you don’t have to worry about staying in a set salary to keep your apartment. The lottery used to be on a first come first serve basis but is now automated and more people know about it – very hard to win now, but always worth a try.
Appreciate the insight, thanks!
As a side note – as the building has been under construction it has had multiple safety violations and a visit from inspectional services. Remember the man that was able to climb the crane and fell to his death? Yeah, that was this building. The construction company also didn’t secure a chain link fence around the perimeter, which collapsed one windy morning, almost crushing a resident as she walked by. But that’s none of my business…. ¯\_(ツ)_/¯