LONG ISLAND HOUSING PARTNERSHIP, INC. WOOLWORTH BUILDING AFFORDABLE RENTAL HOUSING PROGRAM Riverhead, New York PROGRAM GUIDELINES Please Read Carefully I. Income Guidelines There are a total of 19 apartments - 3 will be affordable to households earning at or below 50% of HUD Area Median Income (AMI), 8 apartments will be affordable to households earning at or below 60% of HUD AMI and 8 apartments will be affordable to households earning at or below 80% of HUD AMI.* Recertification of income will be required annually. Before applying, be certain you conform to all guidelines INCOME GUIDELINES FOR 50% OF THE AREA MEDIAN INCOME Efficiency 2 person maximum Household Size Maximum Annual Income ** Minimum Income Guideline** 1 $38,800 $22,176 2 $44,350 $22,176 INCOME GUIDELINES FOR 60% OF THE AREA MEDIAN INCOME Efficiency 2 person maximum and 1 Bedroom 3 person maximum Household Size Maximum Annual Income ** Minimum Income Guideline** 1 $46,550 Efficiency - $25,128, 1 Bedroom - $31,728 2 $53,200 Efficiency - $25,128, 1 Bedroom - $31,728 3 $59,850 1 bedroom - $31,728 INCOME GUIDELINES FOR 80% OF THE AREA MEDIAN INCOME Efficiency 2 person maximum, 1 Bedroom 3 person maximum 2 Bedroom minimum of 2 persons/maximum of 5 persons Household Size Maximum Annual Income ** Minimum Income Guideline** 1 $62,100 Efficiency - $28,368 1 Bedroom - $35,208 2 $70,950 Efficiency-$28,368 1 Bedroom-$ 35,208, 2 Bedroom $43,032 3 $79,800 1 Bedroom - $35,208, 2 Bedroom $43,032 4 $88,650 2 Bedroom $43,032 5 $95,750 2 Bedroom $43,032 *INCOME REQUIREMENTS SHALL BE ADJUSTED ANNUALLY BASED ON THE NASSAU/SUFFOLK MEDIAN HOUSEHOLD INCOME. **Includes all income overtime, bonuses, pensions, social security, 401K distributions, tips, etc. Your gross income cannot exceed the maximum annual income for your household size. Gift letters are allowed per program requirements. Minimum Income Guidelines do not apply to those applicants with an approved rental assistance subsidy. Revised 1.1.2018 FORM # 2 1
II. LONG ISLAND HOUSING PARTNERSHIP, INC. Rents Each apartment will be rented for an affordable price. Rents cannot exceed the rents established by HUD either under the HOME program or Fair Market Rents, as applicable. Applicants for the affordable rental program at Woolworth Building will be ranked on a first come first serve basis. The cooperative efforts of the County of Suffolk, Town of Riverhead and the developer have enabled the apartments to initially be rented for: Jan. 1, 2018 Dec. 31, 2018 Rents are set as following: 50% Median Household Income 60% Median Household Income 80% Median Household Income Apartment size Monthly Rent 3 Efficiency $924.00*** Apartment size Monthly Rent 2 Efficiency $1,047.00*** 6 One Bedroom $1,322.00*** Apartment size Monthly Rent 1 Efficiency $ 1,182.00 *** 4 One Bedroom $ 1,467.00*** 3 Two Bedroom $ 1,793.00*** ***PLEASE NOTE THAT RENTS CHANGE ANNUALLY AND CALCULATED AFTER A UTILITY ADJUSTMENT. THE TENANTS ARE RESPONSIBLE TO PAY ALL UTILITIES. III. IV. Credit and Background Check All applicants and household members 18 or older will be subject to a credit and background check and must be approved in order to be eligible for the Program. Intake/Application fee - A non-refundable application fee of $50 per household is due at the time of application submission. V. Residential Property an applicant cannot have an ownership interest in residential property at the time of application, which shall include, but is not limited to, a single family home, a condominium and a cooperative unit. VI. Pet Policy No pets are allowed at Woolworth Building. Exceptions will be made as provided for under applicable fair housing laws. VII. Applicant Eligibility and Intake-Intake documents can be submitted by hard copy or can be completed and submitted to LIHP online at www.lihp.org. All Intake documents must be received at LIHP s office. If completing by hard copy, please mail the completed Intake Form with $50.00 application fee to: Long Island Housing Partnership, Inc. 180 Oser Avenue, Suite 800 Hauppauge, New York 11788 Attention: Woolworth Building Rental Program Fair Housing laws will be followed. The LIHP staff is available to assist with the application, answer questions or provide any assistance regarding eligibility. If you have any questions regarding any of the guidelines, please call the Long Island Housing Partnership, Inc at (631) 435-4710 before applying. Disclaimer: It is understood that this is not an offer and that the terms and conditions may be changed at any time by the Long Island Housing Partnership, Inc., and Affiliates. It is further understood that notices by the Long Island Housing Partnership, Inc., and Affiliates may be made in such manner as Long Island Housing Partnership, Inc., and Affiliates may determine, including solely by advertisement. APPLICATIONS WILL BE ACCEPTED ON A FIRST COME, FIRST SERVED BASIS Revised 1.1.2018 FORM # 2 2
LONG ISLAND HOUSING PARTNERSHIP, INC. FIRST COME FIRST SERVED WAITLIST INTAKE FORM WOOLWORTH BUILDING WORKFORCE RENTAL HOUSING PROGRAM Rank #: APARTMENT SIZE REQUESTED (Check all that apply): 1-3 persons only 2-5 persons only One Bedroom Two Bedroom Applicant Name: Birth Date: Age: Sex:(M/F/Other) Occupation: Home Address: Apt#: City: State: ZipCode: Home Phone: Cell: Work Phone: Email address: Total number of household members that will occupy the apartment: List ALL additional persons (other than the applicant) who will live in the apartment. Include all persons for whom this unit will be a permanent residence/address. Name Relationship to Sex Age Birth Occupation Applicant M/F/Other Date (If in school, write student ) This Waitlist Intake Form along with a $50 Application Fee will add you onto the First Come/First Served Waitlist. You will be notified of your rank number by mail. Please remember that should we reach your number on the waitlist, an Application for Residency (Application for Residency is required for each household member over the age of 18) will be sent to you so you can be run through a credit/background check. If approved, you will then be required to complete and submit a Formal Program Application with all required financial documentation. If there are any changes with the information provided on this form, prior to the time your number is reached on the waitlist, you must notify the Long Island Housing Partnership immediately in writing. Please mail form along with $50.00 Application Fee made payable to the Long Island Housing Partnership to: The Long Island Housing Partnership 180 Oser Ave, Suite 800 Hauppauge, NY 11788 Attention: Woolworth Building Workforce Rental Housing Program MUST BE SIGNED BY APPLICANT I understand that this form places me on the waitlist and is not a formal application or an offer of a unit. The County of Suffolk and the Town of Riverhead may change the terms and conditions at any time. It is further understood that the notices by the County of Suffolk and the Town of Riverhead may be made in such manner as the County of Suffolk and the Town of Riverhead may determine, including solely by advertisement. I have read and understand the Program Guidelines for Woolworth Building in Riverhead. Applicant s signature Date FORM # 3a