Wednesday, April 02, 2008

2 AFFORDABLE HOMES FOR SALE...MEETING TONIGHT

2 affordable homes in Greenburgh for sale! Meeting tonight. The Town Board required two of the new townhomes that are currently being built to be affordable.

PAUL FEINER

APPLICATIONS FOR AFFORDABLE TOWNHOMES

NOW BEING ACCEPTED THROUGH APRIL 18, 2008



FOR

THE PRESERVE AT GREENBURGH







(artist rendering)



Conveniently located on Knollwood Road South of Rt. 119

3 bedrooms/2.5 baths

Garage

Basement



Income & Resale Requirements Apply



Purchaser’s Maximum Income Limits as of February, 2008

3 Person Household -- $73,150

4 Person Household -- $81,300

5 Person Household -- $87,800

6 Person Household -- $94,300



INFORMATION SESSION & HOMEBUYING WORKSHOP

APRIL 2, 2008 @ 6:30 P.M.

THEODORE YOUNG COMMUNITY CENTER

32 MANHATTAN AVENUE

GREENBURGH

(across Rt. 119 from Crossroads Shopping Center)



FOR MORE INFORMATION CONTACT

HOUSING ACTION COUNCIL

(914) 332-4144

The complete offering terms are in an offering plan available from sponsor.

File No. CD-07-0707
Application for Affordable Townhomes

At the

The Preserve at Greenburgh

Located on Knollwood Road, Town of Greenburgh, New York



Complete Applications must be returned to:

Housing Action Council, Inc. at 55 South Broadway, 2nd Fl., Tarrytown, NY 10591,

Postmarked or hand delivered by Friday, APRIL 18, 2008.*



APPLICANT: Social Security #: _____________

Home Phone: Work Phone:

Cell Phone: Email:

Address of Applicant:

CO-APPLICANT: Social Security #: ______________

Home Phone: Work Phone:

Cell Phone: Email:

Address of Co-Applicant:

(if different from applicant)



NUMBER OF PEOPLE IN HOUSEHOLD:



DATE RELATION TO GROSS

NAME OF BIRTH APPLICANT INCOME











TOTAL GROSS HOUSEHOLD INCOME:

FIRST TIME HOME BUYER: Yes No If No, explain___________________________

PURCHASERS’ INCOME LIMITS as of February, 2008

No. of Persons Income Limit No. of Persons Income Limit

3 $73,150 5 $87,800

4 $81,300 6 $94,300



*Application deadline may be extended at the option of the Housing Action Council.

OVER







DOCUMENTATION


All household members must submit copies of the following documents with their application:



_________ 2007 & 2006 Federal Tax Returns with all Schedules



_________ 2007 & 2006 W2’s



_________ One Month’s Most Recent Pay Stubs and documentation of any other income, such as social security, child support, etc.



_________ 3 Months of all Bank, Credit Union Statements and other assets such as CD’s, mutual funds, etc.



_________ Evidence of Down-payment



_________ $25 Application Fee (Non-refundable)



I hereby affirm that the information provided on this application (including any attached papers) are true and complete to

the best of my knowledge. I also understand and agree that falsified information or significant omissions may disqualify

me from further consideration for affordable housing.



______________________ __________________________ _________________

Applicant Signature Co-Applicant Signature Date



CONSUMER CREDIT INFORMATION



A consumer credit report will be requested in reference to the processing of this application, in connection with updates,

renewals, extensions, or monitoring of any credit granted. If such a report is received from a consumer reporting agency,

and credit is denied or the charge for such credit is increased wholly or partly because of information contained in the

consumer report from a reporting agency, you will be advised and supplied with the name and address of the consumer

reporting agency making the report. All information remains confidential.



Please sign on the line below acknowledging your notice of the statement on consumer-credit information and reporting.



_____________________ _________________________ _________________

Applicant Signature Co-Applicant Signature Date



STATISTICAL INFORMATION

APPLICANT



RACE: Black, not of Hispanic origin _____________ White, not of Hispanic origin _____________



Hispanic ________ Indian ________ Arab ________ Asian ________ Other ________



Sex: Male _____ Female: ______



CO-APPLICANT



RACE: Black, not of Hispanic origin _____________ White, not of Hispanic origin _____________



Hispanic ________ Indian ________ Arab ________ Asian ________ Other ________



Sex: Male ______ Female: _______









Affordable Townhomes

at

The Preserve at Greenburgh



AFFORDABILITY ANALYSIS

(all figures below are estimated)



Three Bedroom Townhomes



Affordable Sale Price $211,115

Homeowner’s 10% Down Payment (21,115)

Mortgage Amount $190,000



Terms 30 years @ 6.5%



Principal and Interest $ 1,260

Real Estate Taxes $ 395

Common Charges $ 280

Monthly Housing Payment $ 1,935



Cash Requirements

10% own funds $ 21,115

+ Closing Costs $ 11,400

Total Cash $ 32,515



Minimum Income Needed to Qualify for

Mortgage with a 10% Downpayment $ 77,400



Note: Additional downpayment required with lower incomes

and debt that exceeds 5% of monthly gross income. Downpayment

and/or closing cost assistance may be available.







Housing Action Council

55 South Broadway

Tarrytown, NY 10591

11 comments:

obama in greenburgh? said...

hi obama here
im mixed - where do i fit in?

Anonymous said...

It was predictable that the first poster would play the race card.

Anonymous said...

Can one- or two-member households apply?

Anonymous said...

What happens after the first purchaser wants to sell. Must the next purchaser also qualify? How much "profit" does the first purchaser get to keep? This could be a windfall to the lucky first purchasers. Bad decision to sell these units. These should be rental units, foreever affordable.

Anonymous said...

Do you realize what you are
starting here in GREENBURGH.
Since all the focus has been put on affordable housing the race card has emerged from the dead.
THings have been great up to now.

Anonymous said...

This is nothing but a sham. There are people living in the Greenburgh Housing Authority who make more than these salaries and nothing is done about it. I'm sure it's going to happen on these properties too!

Anonymous said...

Check into the public housing that you already have and see how many tennants make more than is allowed.
Why is it that you will not investigate this problem that was brought to you attention many times at town mettings?
You are just as guilty as those who abuse the law in not giving up their tax returns for evidence of their income.
Once you get rid of these parasites you will have more apartments available than you could imagine.
The board is doing a good job in checking out the apartments that need fixing but what is needed is a better way of screening who gets apartments.
You know who the people are that live in these complexes that are ripping off the government and by the way you are doing the same since you will not take action.

Anonymous said...

Will your commissioners report to you as to who in the affordable complexes do not belong there because they make way over the amount that makes them suitable for these apartments.
Do you realize that this is fraud?
If not you who is to audit the standings of these residents who have lived there from the onset while working and making better and larger salaries than many of us.
Why should this decietfulness continue to go on when the commissioners of housing and the town board know of what is taken place.
Sonia Brown this seems to be your baby,let's see what you can do to bring back some honesty in the affordable housing system.
You know what's going on since you have received many complaints .
Nothing was done before so let's see what you can do.

Anonymous said...

There are many Town employees making over $80'000 living there now. You want to be suprised! go ahead and check in to it. We can't keep our heads stuck in the sand anymore!
Police, Fire,Sanitation,Highway, etc...

Anonymous said...

What must be done to get these parasites out of the affordable housing complexes?
How many more complaints must be brought to light?
There are many people that need a roof over their heads and no one seems to have the b---s to make the right move in evicting them or charge them the going rate for their apartments.
Why is it that the town only goes after home owners for revenue[tax money].
This is fraud, if the town employees make so much money they should be paying their equal share since they have a very good income they could afford to pay the going rate.
Sonja open your eyes and your mouth there's something wrong with the housing authority methods of doing things.
If nothing is done town wide the the complains should be addressed to the Head Of HUD and have them investigate.
Why is it that this town has to be investigated for all the wrong goings on.
Why is it that honesty went out the door here in Greenburgh.
These complexes are subsidized by our tax money when we pay our fed.and state taxes and then we get hit with budget hikes that also subsidizes them.
We cannot keep doing this .
Wake up this has been going on for too long now we who pay taxes will be seeking aid since the reserves in our wells is running out.

Anonymous said...

Would you be mine?

Could you be mine?

Won't you be my neighbor?