Application Process

INSTRUCTIONS FOR COMPLETING THE NGC APPLICATION

  1. Answer all questions on the application completely.
  2. Sign the application.
  3. Check the appropriate boxes in the “Preference Section.”
  4. Please be aware that both the applicant and the co-applicant will be subject to the full screening process which includes a credit check, criminal check, interview, & home visit.  If both are approved by the Board of Directors of Nassau Gardens for membership, both names will appear on the Stock Certificate.  However, if you want only the applicant’s name on the Stock Certificate but will have one or more other adults (18 years of age or older) residing in the unit, each additional adult must fill out a roommate application, pay a separate fee of seventy-five dollars ($75), and be subject to the full screening process.   The roommate application process applies to spouses, adult children, other relatives, and non-related roommates.   If they are approved to live in the unit with the applicant, they will not be on the Stock Certificate and, therefore, must vacate the unit if the Shareholder should move out.
  5. Include your check in the amount of one hundred dollars ($100.00) for a single applicant, ($75.00) with each additional co-applicant and/or roommate along with the completed application. This is a non-refundable application fee and must be mailed with the application. Make the check payable to:  Nassau Gardens Cooperative Housing Association, Inc.
  6. Return the completed application and check in the envelope provided with the application. The application must be mailed by first class, regular mail only.  No registered, certified, or express mail will be accepted.  Applications may not be dropped off at the office, or in the “mailbox” on the front of the office building.  To reiterate, the application and check must be returned in the envelope provided, and by first class, regular mail onlyShould the envelope arrive without a post office stamp, it will be rejected.
  7. Use only the envelope provided with the application. The application is marked with an identifying mark/number.  Please note the number on the application is a control number for use by the corporation.  It does not reflect your placement on the final waiting list.   
  8. Review carefully the “Criteria for Possible Rejection for Membership”.
  9. Applications that are complete, signed, and have the application fee enclosed will be date stamped, in the order they are received and marked paid.
  10. Applications received that are incomplete, or do not have a check enclosed, or are not signed will not be stamped “received” until the applicant corrects the problem. Every effort will be made to contact the applicant by phone, mail, or email.
  11. The waiting list will be compiled using the date indicated. The waiting list is maintained by the chair of the Screening Committee and updated as needed. Once your completed application and check has been reviewed, you will receive a letter confirming your placement on the wait list.

When an applicant(s) has completed the entire screening process, including house visit, and has been approved by the Board of Directors, a unit will be assigned. The subscription/membership fee is due at the time of the closing. 

POLICY STATEMENT – GROUNDS FOR REJECTION

Applicants:  The following criteria are our policy on applications.  The final decision is made by the Board of Directors upon examination of the following: all factors contained within the application; a personal interview with the applicant by the Screening Committee; an income verification check; a CORI check; personal references; and a home visit.  We are an Equal Opportunity Housing Provider, and no decision is based on any criterion which would violate any state or federal regulation on discrimination or contained in the Fair Housing Act.

Applications:  Incomplete applications and/or false information on an application are not acceptable. 

Landlord References:  Any major complaint from a current or former landlord is sufficient grounds to reject an application.

Credit and Court Records:

The following credit issues are grounds for rejection:

  • Four (4) or more 30-day delinquencies
  • Three (3) or more 60-day delinquencies
  • One (1) 90-day or greater delinquency charge off, collection skip, or civil suit
  • Any repossession, tax lien, or bankruptcy
  • No Record. A “No Record” on a credit report may be acceptable provided applicant provides verifiable reference history (i.e., school, landlord, non-traditional housing, IRS 1040s, W-2s or by other means)
  • Insufficient Income and Assets (Income Statement & Policy)
  • Arrest/Conviction Records. Failure to list such information on the application is grounds for rejection
  • Housing related convictions will draw close scrutiny

Drug Policy:  Nassau Gardens Coop has a strictly enforced no tolerance policy for drugs, including smoking marijuana.  If you are applying and have a drug arrest or conviction, we will not provide housing.  If you are a current tenant and are arrested for drugs, we will terminate your tenancy forthwith.

Credit Reports:  We obtain our credit reports from the agency listed below.  If you wish to see, or dispute the contents of your credit files, please contact the appropriate agency.

  • Rental/Arrest/Conviction Reporting Company and/or Credit Reporting Organization Yardi Resident Screening, 307 Waverley Oaks Road Suite 301, Waltham, MA 02542

WHAT THE CORPORATION IS AND WHAT IT DOES FOR ITS SHAREHOLDERS

Purpose:  The Corporation is organized for the benefit of its Shareholders who are all residents.  The Articles of Organization, which is its Charter, guarantees that the Corporation’s primary function is to provide housing on a cooperative non-profit basis for the benefit of its Shareholders.

How the Corporation Operates:  The By-Laws of the Corporation form the constitution for the Membership group of owner-residents.  They define how the Corporation shall function and they guarantee democratic control and define the structure of the Corporation and the rights and obligations of the Shareholder.

In these By-Laws, you will find provisions for eligibility for membership and manner in which the membership may be terminated; provisions for regular meetings; the method for selecting the Board of Directors and the extent of their powers and duties, as well as the technical requirements for the fiscal management of the cooperative corporation.

INCOME STATEMENT & POLICY

Nassau Gardens Cooperative is a privately owned corporation with 204 shareholders.  It is neither low-income housing nor public housing. We are self-managed and anyone wanting to live at Nassau Gardens needs to know that this is a unique organization that encourages its Shareholders to participate and support the cooperative ideals.

In order to assure our continued success as a limited equity cooperative, the Board of Directors has established guidelines for all applicants who desire to become part of our community and are applying for membership.

The Screening Committee, as well as the Board of Directors, will utilize all information provided regarding both assets and debt when considering applicants for membership.  Net assets (savings, etc.) minus any debt, must be greater than the subscription fee.

Each applicant/co-applicant wishing to be a Shareholder must also meet the minimum annual income guidelines as stated below.

ANNUAL INCOME  GUIDELINES
Applicant & Co-Applicants = $45,000 each for One Bedroom
Applicant & Co-Applicants = $50,000 each for Two Bedrooms
Single Applicant + One Dependent = $50,000 One Bedroom
Single Applicant + One Dependent = $55,000 Two Bedrooms
Single Applicant + Two Dependents = $60,000 Two Bedrooms
Single Applicant + Three Dependents = $65,000 Two Bedrooms

NOT PERMITTED

  • Commercial, disabled or recreational vehicles
  • Motorized toy vehicles, snowmobiles or ATV’s
  • Modifications to units
  • Unauthorized roommates
  • Gas grills – (charcoal-fired grills only)
  • Personal surveillance equipment
  • Pets – no dogs
  • Satellite dishes
  • Smoking marijuana
  • Washers/dryers in units