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Fox Street Development HDFC is pleased to announce that applications are now being accepted for 4 newly renovated cooperative units at 847 Fox Street, Bronx, NY, 10459 Longwood
Renovated and in move-in condition, new kitchens and bath, new electrical, heating and plumbing systems, and energy efficient appliances, fixtures, door and windows. Property will have 40 year Article XI tax exemption.
Trains: 2, 5 and 6; Buses: Bx19, Bx46
• No application fee • No broker’s fee • Owner Occupancy Required
Who Should Apply?
Individuals or households who meet the income requirements listed in the table below may apply.
Qualified applicants will be required to meet additional selection criteria. General preference will be given to New York City residents.
Eligible buyers should have 3% of the purchase price available for down payment.
Please note that the quoted sales prices, maximum household income, asset limit, amenities, etc., are estimated and are subject to change.
EACH BUYER MUST OCCUPY THE COOPERATIVE APARTMENT AS THEIR PRIMARY RESIDENCE.
ANY PROSPECTIVE APPLICANT WHO CURRENTLY OWNS OR PREVIOUSLY HAS PURCHASED A RESIDENTIAL PROPERTY IS INELIGIBLE.
- Subject to occupancy criteria
- Income guidelines subject to change; Minimum incomes are approximate and are estimated based on a purchaser contributing a 3% down payment and eligibility for subsidy.
- Asset limit subject to change
- Estimated Subsidized Sales Price reflects the net sales price based on eligibility for purchaser subsidy.
How Do You Apply?
An Informational session will be held on: May 17th, 2018 from 6:30-8:00pm at Maria Isabel Residence located at 787 East 149th Street, Bronx New York 10455.
Seminar attendance is not mandatory to purchase a cooperative unit.
To request an application by mail, send a self-addressed envelope to: Fox Street Development ANCP, c/o Promesa HDFC at 300 East 175th Street, Bronx NY 10457. Only send one application per development. Do not submit duplicate applications. Applicants who submit more than one application may be disqualified.
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.
When is the Deadline?
Applications must be postmarked by May 29, 2018
What Happens After You Submit an Application?
After the deadline, applications are selected for review through a lottery process.
If yours is selected and you appear to qualify, you will be invited to an appointment to continue the process of determining your eligibility. Appointments for eligibility are usually scheduled from 2 to 10 months after the application deadline. You will be asked to bring documents that verify your household size, identity members of your household, and your household income.
THE COMPLETE TERMS ARE IN AN EXEMPTION APPLICATION AVAILABLE FROM THE SPONSOR. FILE NO.C 170003. This advertisement is not an offering. It is a solicitation of interest in the advertised property. No offering of the advertised units can be made and no deposits can be accepted, or reservations, binding or non-binding, can be made until the exemption application, as filed with the New York State Department of Law is provided to an eligible applicant. Sponsor: Fox Street Development HDFC, c/o Promesa HDFC, 300 East 175th Street Bronx, New York 10457.