110 Manhattan Equities LLC, is pleased to announce that applications are now being accepted for 14 affordable new condominiums now under construction at 240 Manhattan Avenue in the Harlem section of Manhattan. This building is being constructed through the Inclusionary Housing Program (IHP) and the 421A Tax Incentive program of the New York City Department of Housing Preservation and Development.
The sales prices, unit sizes, and income requirements are as follows:
*Subject to occupancy criteria
** Income guidelines subject to change
Eligible buyers should have 10% of the purchase price available for down payment. Buyers do not need to be first time homeowners. Buyers must occupy the condominium as their primary residence. Please note that the quoted sales prices, maximum household income, etc., are estimated and are subject to change in accordance with the applicable program.Download Application
Informational sessions will be held on:
January 29, 2014 at 6pm and February 12, 2014 at 6pm
at 314 West 120th Street, New York, NY 10027
Seminar attendance is not mandatory to purchase a home.
Qualified applicants will be required to meet income guidelines and additional selection criteria. Completed applications must be returned by regular mail only (no priority, certified, registered, express, oversized, or overnight mail will be accepted) to a post office box number that will be listed on the application, and must be postmarked by March 17, 2014.All applications postmarked after the deadline date above will be set aside for possible future consideration. BUYERS MUST OCCUPY THE HOME AS THEIR PRIMARY RESIDENCE. Applications will be selected by a lottery; applicants who submit more than one application will be disqualified. A general preference will be given to New York City residents. Eligible households that include persons with mobility impairments will receive preference for 5% of the units; eligible households that include persons with visual and/or hearing impairments will receive preference for 2% of the units; and current and eligible residents of Manhattan Community Board 10 will receive preference of 50% of the units. Prospective applicants who currently own, or have in the last five years owned, a residence developed under an HPD, NYC Partnership or NYC Housing Development Corporation project or programs are ineligible.