IV. Credit and Background Check
All applicants will be subject to a credit and background check. V. Intake - A non-refundable credit check fee of $20 per household is due at the time of application submission.
VI. 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.
VII. Waiting list
There are 19 affordable apartments. A lottery will be held to determine the ranking order for available units. In order to be entered into the lottery, you will be required to submit and Intake Form, a Rental Application and the required fee. Due to the different apartment sizes, a unit you qualify for may not be available based on your rank from the lottery. This limited availability may cause you to be placed on a waiting list for any future vacancies. Applicants are placed on the waiting list in the order in which they are ranked in the lottery and any application received after the lottery deadline date will be ranked on a first come, first served basis after the lottery applicants. Applicants are responsible for updating their contact information. When your ranked lottery number is reached, you will be required to submit a Formal Program Application with all required documentation.
VIII. Complete Intake/Application Guidelines
Before you complete an Intake Form/Program Application for entrance into this program, read the guidelines thoroughly to be certain that you qualify. Please note, only completed applications that meet ALL the program guidelines will be reviewed for program eligibility. After being submitted, any changes to an application must be requested in writing and must be approved by the program review committee. Applicants must submit to LIHP all standard documentation required, including signed copies of the last three (3) years of their federal income tax returns, W-2 and/or 1099 forms, four (4) most recent, consecutive pay stubs and most recent three months bank statements for any and all bank accounts and investment accounts. PLEASE NOTE THAT pets are not allowed at Woolworth Building. Exceptions will be made as provided for under applicable fair housing laws.
IX. Applicant Eligibility and Intake
All completed Intake Forms along with completed Rental Application and the fee must be received at LIHP’s office by October 30, 2014 or be postmarked by October 30, 2014 to be included in the lottery. LIHP will conduct a lottery to establish a ranking of income eligible applicants. Applications received or postmarked after October 30, 2014, will be accepted on a first come first served basis after all lottery applicants have been assisted. Please mail the completed forms accompanied by the $50 fee and documentation of requested preference, if any, to:
Long Island Housing Partnership, Inc.
180 Oser Avenue, Suite 800
Hauppauge, New York 11788
Attention: Woolworth Building
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.
***PLEASE NOTE THAT RENTS CHANGE ANNUALLY AND CALCULATED AFTER A UTILITY ADJUSTMENT
Before applying, be certain you conform to all guidelines
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 by lottery. The cooperative efforts of the County of Suffolk, Town of Riverhead and the developer have enabled the apartments to initially be rented for:
*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.
Please Read Carefully
I. Program Description
The Long Island Housing Partnership (LIHP) the County of Suffolk, the Town of Riverhead and the developer, Woolworth Revitalization, LLC, welcomes applications from individuals and families whose incomes are within the income guidelines listed below and strictly complies with the Program Guidelines below for the Woolworth Building affordable rental program located at 128 East Main Street, Riverhead, NY. Applications will be reviewed for compliance and completeness. 19 new rental apartments are being made available to applicants who meet the criteria set forth herein.
II. Income Guidelines
There will be 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.
Application & Program Guidelines
Requires Adobe Acrobat Reader. Apartments are subject to Income restriction requirements for prospective tenants. For more information on income qualifications and applications, contact the Long Island Housing Partnership at 631-435-4710 or visit their website at http://www.lihp.org/rentals.html.
©2014 Woolworth Revitalization LLC • All rights reserved
Woolworth Apartments IS located on historic Main Street in Downtown Riverhead
128 E Main St • Riverhead, NY 11901