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.

Long Island Real Estate - BUSTED!

So here's the scoop - a Long Island brokerage got busted for steering and stating anti-semetic comments.  This is something that as a manager of a firm - I remind over and over - this is NOT an option.  Read the Newsday article here.