What is your tenant selection policy (TSP)?

It is our policy to strictly adhere to The Fair Housing Act, the Civil Rights Act of 1968, as amended by the Fair Housing Amendments Act of 1988. No applicant shall be discriminated against or denied housing because of race, religion, color, sex, race by association, familial status, national origin, ancestry, or disability.

Qualification Criteria: The following criteria must be met before any potential buyer can be accepted. This includes any household members over 18 years of age who may be added after a member has moved in. All decisions regarding the acceptance of new members will be made by management.

The full TSP is available at our office, but the following points are a brief summary of our qualifications ...

• The applicant(s) has an acceptable rental or mortgage history.
• The applicant(s) has an acceptable credit rating or history.
• The number of persons in the household does not exceed the member occupancy limit guidelines established by the Cooperative.
• The applicant's total monthly household income is at least 4 times greater than the monthly carrying charge.
• The applicant's total household income is below HUD's current income ceiling.
• No applicant or household member has been convicted of a felony or misdemeanor within the last five (5) years.
• No applicant or household member has a history of acts or threats of violence or criminal activity, including drug-related activity, or is a life-time registered sex offender.
• No applicant or household member has a history of or is currently involved in anti-social behavior or illegal use of drugs or whose behavior from abuse of alcolhol/drugs or pattern of abuse of alcohol/drugs may interfere with the health, safety, and right to peaceful enjoyment of the property by other residents or create a sense of insecurity or discomfort among current members.
• Admission applications will be rejected for any household containing a member(s) who was/were evicted in the last three years from federally assisted housing for alcohol or drug-related criminal activity, unless the member(s) has/have successfully completed an approved, supervised drug or alcohol rehabilitation program (appropriate documentation of the successful completion of a rehabilitation program is required.) or the circumstances leading to eviction no longer exist.
• Applicants must provide a social security number and documentation for all household members.
• Preference on the wait list is given to applicants who have been displaced by government action or a presidentially-declared disaster.

Do you allow pets? 

Yes, we do! Dogs and cats are welcome to join our community. There are no size or weight limitations, however we do limit the total number of pets to two per household. There is a refundable $50 pet deposit required for each pet.

What happens when I move away from Riverside Townhouses?

If and when you choose to move, you are responsible for paying a nominal resale fee to the cooperative, and some reconditioning expenses. However, we refund the membership and equity you paid at move in, and all the equity it accrued while you lived here, minus anything you owe the cooperative. This is a great benefit, as you receive a return on your initial investment.