FOR IMMEDIATE RELEASEAPPLICATIONS AVAILABLE FOR TOWNHOUSES IN HARLEM AND WASHINGTON HEIGHTS
July 24, 2003
Press Contact: Carol Abrams (212) 863-5176
To request a homeownership kit, call 311.
Click here for HPD's lists of affordable homes
The New York City Department of Housing Preservation and Development (HPD) announces that applications are now available for 28 newly renovated two- and three- family townhouses in the Harlem and Washington Heights sections of Manhattan.
Thirteen townhouses will be available for sale to households whose entire annual income does not exceed approximately $90,000. Prices start at $399,990. Downpayment assistance will also be made available for these homes. Prices for the remaining townhouses start at $649,990 and are not subject to income limitations.
Eligible buyers must have annual income sufficient to qualify for mortgage financing (approximately $52,607 for the income restricted townhouses and $125,000 for the unrestricted townhouses), 5% to 10% of the purchase price in savings for down payment and closing costs, and meet additional criteria. Buyers must agree to occupy at least one unit in the townhouse as their primary residence.
To request an application, please send a self-addressed envelope to: Harlem Townhouse Collection, P.O. Box 647, Baychester Station, Bronx, NY 10469. Completed applications must be returned by regular mail only to the post office box number indicated in the application package, and must be postmarked by September 19, 2003. Applications will be selected by lottery. Eligible applicants residing in Manhattan Community Boards 9, 10, 11 and 12 will receive priority for half of the townhouses.
Information seminars will be held on Wednesday, July 30, 2003 and Wednesday, August 6, 2003 from 6:00-8:00 p.m. at the Mount Moriah Baptist Church, located at 2050 5th Avenue between 126th and 127th Streets in Harlem.
HPD's mission is to promote quality housing and viable neighborhoods for New Yorkers. The department is the nation's largest municipal housing development agency. Since Fiscal Year 1987, the agency has completed the construction or rehabilitation of 204,000 units of affordable housing. For more information about affordable housing, call the City's Citizen Service Center at 311 or log on to nyc.gov/hpd