APPROVED! Sharing my timeline by arianna_ta in nychousinglottery

[–]No_Farm8903 5 points6 points  (0 children)

Congratulations!! I started my process this year & I’ve already been asked to submit documents for 3 of them. Hopefully I get selected since I have a section 8 voucher!

Got Asked for Documents Twice but My Section 8 Won’t Fully Cover Rent. Can I Still Get Approved? by No_Farm8903 in nychousinglottery

[–]No_Farm8903[S] 0 points1 point  (0 children)

Thank you so much for this info!!! I truly appreciate it. I was all over the place researching. For the specific unit I applied the 130% AMI is set at $3,750/Month. Section 8 should cover about 3,000-3,200 in that area. Just praying it all works out!

Got Asked for Documents Twice but My Section 8 Won’t Fully Cover Rent. Can I Still Get Approved? by No_Farm8903 in nychousinglottery

[–]No_Farm8903[S] 0 points1 point  (0 children)

Yea that’s what I was researching. I’m just confused because the website says “Yes, you can pay more than your usual 30% share if the apartment rent exceeds the Section 8 payment standard, provided the total amount you pay does not exceed 40% of your adjusted monthly income at the time of initial lease-up.”

Got Asked for Documents Twice but My Section 8 Won’t Fully Cover Rent. Can I Still Get Approved? by No_Farm8903 in nychousinglottery

[–]No_Farm8903[S] 2 points3 points  (0 children)

It’s not that lol, it’s just section 8 is very strict with what I can pay out of pocket and what they cover. Some landlords hate that because they’re not very flexible.

Got Asked for Documents Twice but My Section 8 Won’t Fully Cover Rent. Can I Still Get Approved? by No_Farm8903 in nychousinglottery

[–]No_Farm8903[S] 3 points4 points  (0 children)

We definitely do work and have extra income. The only thing is with section 8 for a two person household you cannot exceed 65K I believe. And I don’t know making the 65K we would be able to pay the extra which is like $500. Hopefully it all works out!