Hi, our family just got a letter to interview for what i believe is an Inclusionary Housing apartment. While our 2008 & 2007 income was about $10,000 over the income limits our current income is withing the parameters as my husband recently got a lower paying job in his company due to cutbacks etc. So given our income cut this could not have come at a better time.
From what i have heard the application process is a one time shot and the slightest problem can get you thrown off the list.
So the question is do we go in and explain our situation and try to get the apartment now. Or do we go in an ask them to call us when the next apartment opens up so that we have one years income tax with the qualified income.
Lastly, as my husband is not happy in his current position and will likely be seeking a new job, what will happen if after we move in our income goes outside the eligibility range, do we have to move?
I am trying to be very cautious with the whole situation, are there lawers that specialize in this stuff? And i don't mean a NYC real estate lawer because this is clearly more specialized.
Thanks Guys.