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
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.
THEODOREYOUNGCOMMUNITY CENTER
32 MANHATTAN AVENUE
GREENBURGH
(across Rt. 119 from CrossroadsShopping 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, NY10591,
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
