This is how to calculate your income to determine if you qualify for NYC Affordable Housing 

Happy to hear that, thank you!

You are very welcome. More videos to come!

Talz Da Resource Queen And actually, I would LOVE TO interview you as well. People need to know these things, from the islands and so many people in the borough's don't strategically know how to apply and take the necessary steps.

You are most welcome

You are most welcome!

Thank you , I had so many misconceptions. I applied but didn’t re certify because I never received my re certification through Mail, what can I do?

Hi Lystra, thank you for watching. Living in LI would not prevent you from applying nor would it impact your application. You may email me at Kingtallypr@gmail.com - more than happy to answer any additional questions you may have.

You should definitely update your profile to reflect your current income. Yes, those are assets and should be listed - even if you do not have access to them right now! .06% of your total asset is counted towards your household income.

No, it would not be considered income. However, you would have to sign an affidavit affirming that this was a one-time payment for a bike that you sold.

There is asset cap (maximum amount of asset you can have) for the program, however, there is no minimum amount required. The asset cap is the maximum income amount for a 4 person household that is shown in that AMI. So, for example, if you are applying for a 50% AMI unit and the total allowable income for a household of 4 for that AMI is $50,000 - then the asset cap is $50,000.

@@AffordableHousingWaitingRoom That answers my question. Thank you very much for the information.

@@dicajagua1 You are most welcome!

@@AffordableHousingWaitingRoom hi gm ,what happens if I switch my job and still in medical field but doing another occupation example from sterile processing technician to surgical technician same hospital or going to a different hospital. How long do I need to be working under a field to get an apartment? Or does it matter.

@@anikacorbett7714 Your change in employment will not impact your eligibility. There is not minimum or maximum amount of time that applicants are required to be employed

S8 is different from what is explained in these videos are these videos relates to Tax Credit units. Depending on the program, if the rent is more than the voucher, then you have to pay the different and you also have to meet the income requirements. The footnote may be due to the fact that with some programs, once the voucher covers the rent, applicant does not have to meet the income requirement. I recommend that you read HUD 4350 to learn more about S8.

No, you will not. You still have to go through the qualification process though

Maybe the system was down. I would say clear your cookies and try again.

And thank you for this video and any guidance you can provide! :)

You will be provided with that information by the agency as well as the landlord.

There's a lot of steps and paperwork involved and oftentimes one Agent is working on multiple files, so they are reviewed in log number order. I would say send them an email and put a read receipt of the email. Just do a polite check in and ask them to confirm that they have all the documents needed on your end.

@@AffordableHousingWaitingRoom Thank You so much

What about self employed people? When you rent a hair booth

For Low Income Tax Credit units, once you move in, the rent is not based on your income. Therefore it will not decrease if you lose your job nor will it increase will your salary increased. You would need to continue to pay the rent on your lease.

Hi Michael, based off the above, it sounds like the best way to project your income would be to use the last 3 years of your tax returns to identify the patterns of your earnings (this is if it has been a pattern to receive sporadic unemployment income). Is your w2 earnings sporadic? Is your w2 income on a contract assignment ?

Yes, my W2 employment looks a lot like self employment. I’m contracted for just the day, get paid by the day, and I’m essentially hired and fired the same day. I have 11 different W2 employers that all sent me W2’s for days worked. Some for up to 11,000 dollars some W2’s for as little as 200 dollars. My unemployment is mixed in throughout the year as I can collect it on a weekly basis. And my seasonal business lasts two months during the summer and 2019 was my first year doing it, and I plan to do it every summer. So do you still think the best way to determine income is tax returns? I only have 2017 and 2018 tax returns as it’s still early and I did not receive my W2’s yet for 2019 tax filing. My agent had me submit all bank statements, pay stubs, and he said all the numbers match up and everything looks good. I find out today if he sends it to compliance. But I’m losing hope! I know I made income within the bracket but I feel like it will be a miracle if they calculate my income correctly after hearing about the horror storys on here.. anyway thank you for such informative videos and helping people like myself that need guidance in this process! :)

@@michaelsutton8783 The best and most accurate way that they may likely calculate your income is by looking at your history (especially if some of the W2 contracts are the same as the previous year). I am assuming that they may have asked you to have the W2 employers indicate if it is likely that you will earn income from them within the next 12 months (this question really depends on the line of work you are receiving these multiple W2'S for). Based on your scenario, the best way is likely by reviewing your previous year tax returns and comparing it to your current year earnings. Don't lose hope. Your type of income is very difficult to calculate as it challenging to get an accurate projection of what your income will be within the next 12 months. Let me know how things go. For any reason, if they do not approve your application, I am more than happy to review and help you put together an appeal. Don't throw in the towels as yet. I have a good feeling about you getting approved. Affordablehousinghelp@gmail.com

@@AffordableHousingWaitingRoom Thank you so much for getting back to me. I will keep you updated on my progress, I find out tomorrow if my file gets sent to HPD. I know my income fits in the bracket, but as you said in your video the multiple income stream people are difficult to calculate! Again, thank you thank you for the encouraging words.

@@AffordableHousingWaitingRoom Hey Talz, quick update. My agent told me on the phone he is sending my file to compliance today. So does this mean he calculating my income correctly. He said everything in my file looks good and matches up. Wouldnt he just tell me I didnt meet the income requirments if he didnt calculate my income within the bracket?

Why don’t u just put down the total income that it says on your previous w2/tax returns, I’m sure that would be correct.

For social security 12 months is applicable to you, so multiple your monthly Social Security amount by 12 (12 is the number of months in the year). 24 is semi-monthly and 26 is bi-weekly periods.

While the leasing agent told you are eligible for the apartment

Yes, the income guidelines can change, however, there is a certain amount of time that the developer have to implement that change.

I just got the help I needed. Thank you

For w2, it is your gross income that is counted and yes, if you one is receiving SS - it should be noted on your application.

@@AffordableHousingWaitingRoom Thanks for the information and I'm speaking about putting my SS#

No, just hang tight! In the same email I recommend that you send to the agent in my previous comment, I recommend that you also include a line letting them know if they need any further clarification please feel free to call or email you. Trust them to do their jobs. You don't want it to look like you are telling them how to calculate your income.

@@AffordableHousingWaitingRoom Thank you! I submitted all of the additional documents last Friday. My agent said he will work on my file and re-submit it to compliance with the additional documents.. I am keeping my fingers crossed.. I have so many different streams of income. I am just worried because one of the streams of income (my w2 employment) I made significantly less money from this year than the prior two years.. I made the income bracket with that lower amount, I am worried they will use my two prior year amount as it is more money and then I will go over the bracket income allowed for applicants.. (However, the reason I made less is because I started a seasonal business in 2019 which lasts two months, so instead of working at my w2 employment job I was self employed working at my seasonal business, which is why I made less at my w2 employment.) I am hoping they realize this and factor it into the calculations.. I obviously cant be in two places at once, all my income streams are "sea-sawed" on each other, when I work in one stream of income, I make less money in the other streams of income. So to throw the highest amount I made in the last 3 years of each income source on top of each-other, isn't logical or realistic.. So worried I will have to go through the appeal process.. I need this housing so bad. Ive been staying on a friends couch for the last 9 months. I really want a place of my own. Thank you for all of your wise tips and suggestions, I really appreciate it.

@@michaelsutton8783 Ok. See what they come back with. We typically take the average of the last three years and compare it to the most recent year. Don't over think it ......just hope for the best! Keep me posted. I have a good feeling about your application though.

@@AffordableHousingWaitingRoom Hey there! So they came back with the decision, and they denied me.. I cant even begin to tell you how wrong they calculated my income.. Their calculation had me making over 15,000 than what I actually make.. What is the best way to structure an appeal? Should I just restate their calculations and explain how they are wrong and show documents to show how they were wrong? I feel so cheated. I understand I have multiple sources of income, but to be THAT off when calculating my income is just absurd.

@@michaelsutton8783 Hi Michael, Sorry to hear this. As explained, it is tricky when calculating multiple income and or freelancer's income. Definitely put together an appeal and breakdown the calculation of your income separately. You must treat w2 different from 1099 income. You must also calculate your full time employment separate from the temporary employment. I would have to know more about your line of work for the seasonal positions in order to advise you in more details as the line of work have a lot to do with how the income is projected. Email me directly and I can chat with you on Zoom or Skype to have a better understand. My Email is Affordablehousinghelp@gmail.com. I will be available tomorrow from 7:30pm-8:30pm EST. Don't be discouraged about this. I have seen many successful freelancer appeals. I hope you are within the 10days timeline that you have to submit the appeal.

Hello, If the OT is paid at a different frequency, then calculate your salary at the actual frequency (semi-monthly) then calculate the OT times 12 since it is paid once a month. Side note, that is a bit strange as I have never seen OT paid separately.

Btw, are you a W2 employee or 1099?

@@AffordableHousingWaitingRoom yes Since I'm salaried, Ot is paid out separately once a month because it is paid by different client contracts Internally With in the company Company I work for. What's your email address?

@@AffordableHousingWaitingRoom I'm a w2 employee

@@MajesticTash affordablehousinghelp@gmail.com

The fact that you moved will not affect your application. You mentioned school, are you a FT student or part-time? It is possible that the building in not completed as yet. It is also possible that the building may have certification of occupancy for some units but not all. Either way, definitely go to the interview. Be sure that you have all of the requested documents and arrive on time.

Yes I just finished my first semester. I go to school full time and I also work full time.

@@neishagemini852 If you are applying for Low Income housing, being a full-time student may affect your eligibility unless you meet one of the 5 exceptions. In the video I listed the five exceptions. Nevertheless, still attend the appointment and let me know how it goes.

I heard you say that I have to be a single parent which I am

@@neishagemini852 The rule is - The household is comprised of single parents and their children and such parents are not dependents of another individual and such children are not dependents of another individual other than a parent of such children. In the case of a single parent with children, the legislative history explains that none of the tenants (parent or children) can be a dependent of a third party;

On housing connect 2 you are able to log in and update your information

Hi Ray, the timeline varies, so unfortunately I cannot advise how long the wait period is. I suggest that you try applying for a Project-based section S8 building or one of the senior/regular buildings on housing connect (see link for open lotteries below) . I also suggest that you apply for SCRIE (see link below) housingconnect.nyc.gov/PublicWeb/search-lotteries www.nyc.gov/site/rentfreeze/tools/scrie-applications.page

Since you are a W2 employee, only income that you are receiving now and will be receiving within the next 12 months will be counted. What is your current income? That income would need to qualify you for the unit. However, since your income was higher in 2019, you would need to explain the decrees in your income. You noted that you are only working one job now, so they are going to ask what happened to the other job as they need to determine if you are reducing your income to make yourself eligible for the program.

Hello, that income will be counted as well - so long as you are still working the job. Working a part-time job cannot make you ineligible, however, if the income puts you over the limit - and then you would be rejected for being over income.

Hi, I’m currently in the same situation. My projected income was placed in the highest AMI of 100%. Which I believe I’m in the 60%. I’m hoping HPD sees all of my documents and sees my projections were incorrect

Thank you. May God continue to bless you as well.

Hello, your eligibility is based on your current income.

You can explain that these where one-time earnings and not intended to recur. This will not impact you.

@@AffordableHousingWaitingRoom thank you i really appreciate your response!

Hello Tyiara, in order to be eligible, you must meet the requirements. If your income is close, it is possible that if your application is selected you will be contacted for further processing. However, you will not be approved if you do not meet the income and other eligibility requirements.

It counts as income. Times your monthly gross amount by 12

Hi John, you just have to ensure that you are consistent with applying on Housing Connect. Brooklyn actually do have a lot of low income apartment - it just that most of the lotteries are closed at this time. Based on the amount of your current income, you would likely qualify for a 40% AMI unit. Target those units. The size of the unit you will get to choose from will be based on your household size. Your credit score is great. You will get selected - just keep applying.

Talz Da Resource Queen excellent thank you. Do you know when the low income Brooklyn lotteries will be open again if there closed at this time? And honestly I would love to be in a position like yours where I'm working for the city and helping people. What's the name of your position and how I can go about being employed? And what were your steps you took to work for the city, coming from the Caribbean? Love your accent by the way. 🇯🇲

@@everythingbyjohn Hi John check the housing connect website - that's where are the upcoming lotteries are post. Also, I do not work for the City. I work as a Compliance Manager and Consultant for private Developers. I have been in the industry for many years and I noticed the lack of applicants from certain background - that is the reason I started this channel in hopes of giving more details to people that may not know how the process works.

@@everythingbyjohn Regarding doing an interview, email me affordablehousinghelp@gmail.com

Talz Da Resource Queen ok excellent. And I emailed you last night.

Align your income with your household size. If you make 60k and the max for your household size is 64k - then you would be eligible (granted there is no one else in your household earning income). Your income falls in the middle of Low & Middle income - but it really depends how many people are in your household. For example, if it is just you, then you would likely qualify for 80/100/120% AMI - which are technically classified as middle to moderate income.

@@AffordableHousingWaitingRoom I make 60k and it’s only me. Most of the lotteries indicate 3 person at 64k

@@AffordableHousingWaitingRoom thanks for getting back to me also did you do your video for medium income and do I fall into that bracket.

@@AffordableHousingWaitingRoomso do I still qualify for any of the housing opportunities

@@AffordableHousingWaitingRoom please break it down for me, I’m still confused I’m the only person in my household and currently making 60k. When I check I fall low for some housing opportunities and the too high for other opportunities. I recall on your channel you mentioned align your household against the income. Some how I don’t fall into anything. I would only be looking for a 1 bedroom apartment.

Your income will show on your schedule c. Make sure you have good bookkeeping, so you can have supporting information- if needed.

Affordablehousinghelp@gmail.com