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TaxesJanuary 15, 20175 min read

12-Month Income Projection for Affordable Housing

When applying for NYC affordable housing through Housing Connect (HPD/HDC), self-employed applicants face unique documentation hurdles. Beyond standard bank statements, W2s, and 1099s, you often need a notarized 12-month net income projection signed by a CPA.

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Affordable Housing Application Requirements

When applying for Affordable Housing through HDC, you often need a signed and notarized 12-month projection. You can access these applications at www.nyc.gov/housingconnect. To qualify for affordable housing programs, you must submit various documents. The complexity of these applications can vary, depending on specific requirements.

Typically, you should provide:

  • Statements of Assets: Include your bank statements and other financial records.
  • W2s and 1099s: These documents verify your income from different sources.
  • Workman’s Compensation Documents: Submit any paperwork related to compensation received.
  • Child Support Court Documents: Provide relevant court documents for child support.
  • Prior Year Tax Returns: Include both Federal and State tax returns from the previous year.
  • For Self-Employed Individuals: Present a 12-month net income projection signed by a CPA.

Moreover, some agencies require a detailed income projection. This involves breaking down each expense line item and explaining how you calculated each amount. George Dimov, CPA, has extensive experience preparing these notarized reports and boasts a strong track record of successful application acceptance.

Additionally, we can assist you with preparing your notarized 12-month projection and other required documents. Our aim is to ensure that your application is thorough and accurate, thereby improving your chances of acceptance. By working with us, you can confidently navigate the application process.

Therefore, contact us today get started. We are here to support you in securing affordable housing.

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