At least 25% of the units must have a calculated household income no more than 80% of the Area or State Median Income based on the assumption that 30% of household income is applied to housing costs (i.e., rent). Applicants must submit the annual rent, size, and occupancy for each apartment in the property. This method is only available to properties that have a rent roll. This applies to affordable housing projects that do not meet the proxy requirements. Properties that are currently NYS or NYC supervised Mitchell-Lama buildingsД¬opy of NYSHCR or NYCHPD contract or recent annual report confirming active Mitchell-Lama status Properties that have been accepted into the NYC Housing Development CorporationвЂ™s 80/20 Program or Mixed Income ProgramД¬opy of the award letter or HDC contract documents Properties that have been accepted into the Housing Finance AgencyвЂ™s 80/20 ProgramД¬opy of the award letter or HFA contract documents Properties that have fulfilled the eligibility requirements for the Weatherization Assistance ProgramД¬opy of the letter from the Weatherization Agency confirming the projectвЂ™s income eligibility Properties subsidized for low- to moderate-income multi-family residents with SONYMA subsidized financing through the HFAД¬opy of loan closing/mortgage insurance award documents Many of these have gone private, which later allows you to sell for market. You mostly end up only paying carrying charges which are around 800 for the apt IвЂ™m on the waiting list for. You purchase a co-op far below market rate (some even as low as 10k) but cannot make any equity off of it if you decide to leave. Properties with loans, mortgages, or deeds of purchase (HDFC incorporation) from NYCHPD or other local housing agenciesДocumentation of current mortgage, loan closing, HDFC incorporation or deeds ItвЂ™s really the best deal you can get in NYC. NYCHPD-Regulated Affordable Housing (or other local housing agency) Properties that receive tax credits for at least 50% of its unitsД¬opy of tax credit award notice from NYSDHCR or NYCHPD Properties receiving one of the following subsidies from HUD or USDA-RD:Д¬opy of the HUD contract or contract award noticeД«uildings with subsidized mortgages or contracts that place them under the regulatory control of NYSDHCRД¬opy of NYSDHCR contract or contract award notice US HUD, USDA-RD, and other Federally Regulated Affordable Housing

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