OPERATING MANUAL
For-Sales Units
Hoboken, New Jersey
Prepared by:
Exeeu-Teeh Ine.
101 Willow Grove Brive
Lincroit, New Jersey 07738
18/15/68‘Table of Contents
INTRODUCTION
What Is Hoboken Workforce Housing.
Fair Housing & Equal Opportunity...
Overview of the Administrative Procedure
Overview of the Resale Process.
ROLES & RESPONSIBILITIES
Responsibilities of the city's designated employee or ager wu.
Responsibilities of the City Attorney.
Responsibilities of the owner
MARKETING.
Overview of the Procedures
RANDOM SELECTION & APPLICANT POOL.
Initial Randomization
Household Size Preference.
HOUSEHOLD CERTIFICATIO!
Procedure for Income-Eligibility Certification.
Asset Limit.
‘The Applicant Interview
Records Documents Household Composition and Circumstances...
Approving or Rejecting a Household umm
Dismissal of Applications ..
‘SALES PRICES.
Determining Resale Prices sue
ID
ae 20
Determining the Recapture Mortgage.
wrens 20
WAIVERS AND EXEMPTIONS .wese
Hardship Waiver so
Exempt Transactions.VIOLATIONS, DEFAULTS AND REMEDIES.
MAINTENANCE OF RECORDS AND APPLICANT FILES ..
Files To Be Maintained on Every Appticant ..
Files To Be Maintained on Every Unit..
Files To Be Maintained on Every Project.
Files To Be Maintained on The Applicant Pool
Other (Reserved) esuvses
APPENDICES
A. Income Limits Chart
BL Floor Plans
C. Form of deed, recapture mortgage, recapture note
D. Owner certification
E Brochure
F. Application
G. Resale Procedures for Owners Wishing to Sell a Unit