NY Houses 4 Sale

House Lottery.

Southeast Queens residents, are you looking for a home? 

The NYC department of housing has taken a number of homes, refurbished them and have set up a lottery for citizens to enter. 

Eligibility

The homes will be sold to applicants who meet the programs’ eligibility requirements, which include:

§         Applicant’s (and co-applicant’s) ability to meet certain financial requirements, including sufficient

  combined income to qualify for mortgage financing, sufficient funds to cover down payment and

  closing costs, good credit history and other qualifying criteria. 

§         The original name(s) on the application cannot be substituted with other name(s); the application     must remain in the original form submitted.

§         The applicant (and co-applicant) must occupy the home as their primary place of residence for at least six (6) years after the purchase.

§         There may be an asset cap.

§         Household size may be considered when matching a buyer with a home.

Ineligibility

§         Applicants who currently own, or have in the last five (5) years owned, a residence developed under

      a Housing Preservation and Development (HPD) program or project are ineligible.

Income Limits*

§         To qualify for the 22 listed homes, applicants cannot have an annual income greater than $92,170*

§         Income limits may not apply to military personnel and municipal employee preference categories.

*Prices and income limits are subject to change.

Lottery Process

Applicants for these homes will be randomly selected through a lottery process supervised by HPD. If your application is selected we will notify you in writing and schedule an interview. Please be prepared to document your income and the other information you provided on your application. A list of required documentation will be sent to you when an interview is scheduled.

Some of the homes that have been foreclosed/refurbished and available via lottery are:

• 132-03 135th Ave.,
• 114-40 158th St.,
• 108-05 160th St.,
• 111-19 168th St.,
• 105-27 171st Pl.,
• 144-44, 177th St.,
• 132-03 178th St.
• 122-38 Springfield Blvd.

Flushing News

Wal-Mart says 'no' to a site in Queens Newsday

Wal-Mart executives considered opening a store in the empty Caldor in Flushing, Queens, but ultimately decided against it, a company official said yesterday. "We did look at the site," Mia Masten, Wal-Mart's director of corporate affairs, said of the building at Main St. and Roosevelt Ave. "It doesn't meet our criteria." Masten said Wal-Mart, which has drawn opposition in the five boroughs because of concerns about its labor practices, is "very interested" in New York City and is examining "several" locations. But she declined to identify any specific sites, saying, "We don't have any final deals." City Councilman John Liu, a Queens Democrat, said Wal-Mart is "not welcome in Flushing" and that he and the community would "fight 'em tooth and nail." While Wal-Mart made it clear yesterday it rejected the Caldor site, the idea of moving there struck some observers as a clear warning signal. Because the building already exists, Wal-Mart could have settled in with little to no government oversight, several officials said. Michael Saul