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  • Income Limits 2013 | UHAB | Urban Homesteading Assistance Board
    more dependents For example if the monthly is 400 and the electric and gas bills total 720 per year For a single person the income limit calculation would be 400 x 12 months 4 800 annual maintenance x 6 28 800 720 utilities per year 29 520 total income For buildings using income guidelines a common definition of low income is earning 80 or less of the median income for the metropolitan area Median income is determined by the U S Dept of Housing and Urban Development those figures are listed in the chart below This number may look high to you the median income is determined for the entire New York City metropolitan area Remember they are maximums Any HDFC can decide to set its income limits lower than these numbers by amending its by laws In some cases HDFCs may actually be allowed to house people considered moderate income or up to 120 of median income so those numbers have been included as well We believe HDFCs have a duty to keep both monthly charges and purchase prices at levels that will be affordable to low income households even if households of moderate or middle income are eligible to purchase The total housing cost which is the combination of the monthly charges and any financing or debt service should not be so high as to exclude a range of people with incomes below 80 of AMI Income Limits for Fiscal Year 2013 Household Size 30 of median restrictions 50 of median common cut off for very low income restrictions 80 of median common cut off for low income restrictions 100 of median within the range of moderate income restrictions 120 of median moderate income restrictions 1 18 050 30 100 48 100 60 125 72 150 2 20

    Original URL path: http://www.uhab.org/co-op-members/resource-library/finances/income-limits-2013 (2016-04-28)
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  • Income Limits 2014 | UHAB | Urban Homesteading Assistance Board
    monthly is 400 and the electric and gas bills total 720 per year For a single person the income limit calculation would be 400 x 12 months 4 800 annual maintenance x 6 28 800 720 utilities per year 29 520 total income For buildings using income guidelines a common definition of low income is earning 80 or less of the median income for the metropolitan area Median income is determined by the U S Dept of Housing and Urban Development those figures are listed in the chart below This number may look high to you the median income is determined for the entire New York City metropolitan area Remember they are maximums Any HDFC can decide to set its income limits lower than these numbers by amending its by laws In some cases HDFCs may actually be allowed to house people considered moderate income or up to 120 of median income so those numbers have been included as well We believe HDFCs have a duty to keep both monthly charges and purchase prices at levels that will be affordable to low income households even if households of moderate or middle income are eligible to purchase The total housing cost which is the combination of the monthly charges and any financing or debt service should not be so high as to exclude a range of people with incomes below 80 of AMI Income Limits for Fiscal Year 2014 The median income for New York NY Metropolitan Area is 62 500 Household Size 30 of median restrictions 50 of median common cut off for very low income restrictions 80 of median common cut off for low income restrictions 100 of median within the range of moderate income restrictions 120 of median moderate income restrictions 1 17 650 29 400 47 000

    Original URL path: http://www.uhab.org/co-op-members/resource-library/finances/income-limits-2014 (2016-04-28)
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  • Making a Rent Collection Policy | UHAB | Urban Homesteading Assistance Board
    Employment Glossary FAQs Useful Links Supporters Programs Organizing Preservation Development Technical Assistance Member Services Co op Members Member Services FLIP UHAB Fuel Recent Fuel Prices Oil Heat Program Connected Books Bookkeeping Services Market and Match UHAB University Harlem Training and Resource Center Assistance for Distressed Co ops Vendor Directory Resource Library Management Calendar Weatherization Homeownership Application Intro Class Registration Homeownership FAQs Calendar Media Publications Media Information Media Room Support Us

    Original URL path: http://www.uhab.org/co-op-members/resource-library/finances/making-rent-collection-policy (2016-04-28)
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  • Resale Policy | UHAB | Urban Homesteading Assistance Board
    will move in after you The resale policy of your HDFC will help outline the process of selling the shares There are many aspects of resale to consider including income limits restrictions on sale price and costs associated with resale such as setting the resale price and flip tax The rules may also vary for different buildings depending on when the building was purchased and in which program These webpages below will link to information about resale and helpful resources for your building Why is Resale Important In the past 27 years over 1 000 HDFCs have been created to provide secure and affordable housing for nearly 25 000 residents Today as rents and real estate values rise affordable housing is becoming extinct HDFC co ops will remain a crucial resource for affordable housing for communities around the city only if each building is careful about following the resale rules in your legal documents Document Sample Resale Policy pdf About UHAB History Staff Board Employment Glossary FAQs Useful Links Supporters Programs Organizing Preservation Development Technical Assistance Member Services Co op Members Member Services FLIP UHAB Fuel Recent Fuel Prices Oil Heat Program Connected Books Bookkeeping Services Market and Match UHAB

    Original URL path: http://www.uhab.org/co-op-members/resource-library/finances/resale-policy (2016-04-28)
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  • Sample Resale Policy | UHAB | Urban Homesteading Assistance Board
    Policy pdf About UHAB History Staff Board Employment Glossary FAQs Useful Links Supporters Programs Organizing Preservation Development Technical Assistance Member Services Co op Members Member Services FLIP UHAB Fuel Recent Fuel Prices Oil Heat Program Connected Books Bookkeeping Services Market and Match UHAB University Harlem Training and Resource Center Assistance for Distressed Co ops Vendor Directory Resource Library Management Calendar Weatherization Homeownership Application Intro Class Registration Homeownership FAQs Calendar Media

    Original URL path: http://www.uhab.org/co-op-members/resource-library/finances/sample-resale-policy (2016-04-28)
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  • Sample Superintendant Employment Agreement | UHAB | Urban Homesteading Assistance Board
    own using this as a guideline Document Employment Agreement pdf About UHAB History Staff Board Employment Glossary FAQs Useful Links Supporters Programs Organizing Preservation Development Technical Assistance Member Services Co op Members Member Services FLIP UHAB Fuel Recent Fuel Prices Oil Heat Program Connected Books Bookkeeping Services Market and Match UHAB University Harlem Training and Resource Center Assistance for Distressed Co ops Vendor Directory Resource Library Management Calendar Weatherization Homeownership

    Original URL path: http://www.uhab.org/co-op-members/resource-library/finances/sample-superintendant-employment-agreement (2016-04-28)
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  • Sample Superintendant Employment Agreement II | UHAB | Urban Homesteading Assistance Board
    own using this as a guideline Document Employment Agreement 2 pdf About UHAB History Staff Board Employment Glossary FAQs Useful Links Supporters Programs Organizing Preservation Development Technical Assistance Member Services Co op Members Member Services FLIP UHAB Fuel Recent Fuel Prices Oil Heat Program Connected Books Bookkeeping Services Market and Match UHAB University Harlem Training and Resource Center Assistance for Distressed Co ops Vendor Directory Resource Library Management Calendar Weatherization

    Original URL path: http://www.uhab.org/co-op-members/resource-library/finances/sample-superintendant-employment-agreement-ii (2016-04-28)
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  • Suggestions on Building a Rent Collection Policy | UHAB | Urban Homesteading Assistance Board
    How will receipts be distributed and by whom Give them out immediately when the tenant pays the rent If tenants must pay by mail it is their responsibility to make sure they get a receipt The treasurer may but is not required to issue receipts by slipping them under the tenants doors or placing them in their mailboxes What will happen to security deposits paid to the association The law requires all deposits received by the association to be deposited in a separate interest bearing account The interest must be distributed annually to each tenant What happens when tenants are late with their rent There should be a specific schedule for dealing with tenants who are in arrears Rent arrears what to do if a tenant falls behind Your rent policy should include a procedure for responding to tenants who do not pay their rent These tenants are endangering the future of everyone in the building and must be dealt with promptly and effectively It is useful to speak with delinquent tenants and explain the importance of paying rent successful persuasion can save you money in legal fees and it encourages a cooperative attitude among the tenants Nevertheless you should stay strictly within the guidelines of an arrear policy A suggested arrear policy would be 1 No later than two weeks after a tenant fails to pay the rent the rent committee will send a late rent notice The rent committee will contact the tenant and set up a meeting to discuss the problem and work out a payment agreement 2 All communications with delinquent tenants will be sent by certified or registered mail If the matter eventually ends up in court the association will have to show the receipts to prove that they tried to collect the rent 3

    Original URL path: http://www.uhab.org/co-op-members/resource-library/finances/suggestions-building-rent-collection-policy (2016-04-28)
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