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Feds to Guarantee Million Dollar Condos in Manhattan

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Whitney Gollinger, marketing chief for a Manhattan condo building with an outdoor movie theater and panoramic city views, is highlighting a different amenity to spur sales: the financial backing of the federal government.

The Federal Housing Administration agreed in March to insure mortgages for apartments at the 98-unit Gramercy Park development, known as Tempo. That enables buyers to make a down payment of as little as 3.5 percent in a building where apartments are listed at $820,000 to $3 million.

“It’s a government seal of approval,” said Gollinger, a director at the Developments Group of New York-based brokerage Prudential Douglas Elliman Real Estate.

http://www.bloomberg.com/news/2010-08-13/manhattan-luxury-condos-embrace-federal-help-in-game-changer-for-sales.html

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I like that affordable housing (joke) Just another scheme in which" they" have transformed nyc into a playground for the rich and shutting everyone else out.


mailed out aos and ead 7/13/2007

aol and ead packet received per usps 7/16/2007

checks cashed 07/26/07

noa 1 FOR EAD RECEIVED 07/27/07

noa 1 for aos received 07/28/07

biometrics 08/15/07

ead card ordered 09/20/07!!!!

ead card received 10/01/07! finally!

aos case transferred to California Service Center 10/03/07!

received "Welcome to the United States of America I-797 11/05/07!(dated 10/30/07)!

Permanent Resident card received 11/05/07 (dated 10/31/07)! THank u LorD!

Will file for 10 year GC End of July/Early August 2009!

Removal of Conditions:

Mailed I-751 overnight mail to Vermont Service Center 09/10/09

VSC received the I-751 Packet 09/11/09 About 12 pm Local time

Check was cashed as of Sept 16th 2009

NOA Received 09/19/09 dated 09/14/09

I-797 Appointment Notice received 10/01/09 dated 09/25/09 (Biometrics)

Got they 10 year GC approval letter in the mail dated 01/08/10! yehey!

10 GREENCARD RECEIVED 01/20/10

Citizenship.......maybe............or maybe stay a permanent resident .......................

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Filed: Country: England
Timeline

I like that affordable housing (joke) Just another scheme in which" they" have transformed nyc into a playground for the rich and shutting everyone else out.

Didn't you know. In Manhattan, "apartments ... listed at $820,000 to $3 million" are the affordable housing. :angry:


Don't interrupt me when I'm talking to myself

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What's the problem? FHA guantees home loans and housing projects all the time. At least with these they actually have a shot at getting their money back.


Русский форум член.

Ensure your beneficiary makes and brings with them to the States a copy of the DS-3025 (vaccination form)

If the government is going to force me to exercise my "right" to health care, then they better start requiring people to exercise their Right to Bear Arms. - "Where's my public option rifle?"

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