Market and Match

UHAB’s newest Member Service, Market and Match helps publicize vacancies and provides buildings with prospective candidates from a pool of pre-screened potential buyers to fill vacancies with qualified shareholders. 

In accordance with our mission, UHAB strongly supports the preservation of low-income housing in New York City.  We encourage co-ops to consider affordability when setting sale prices, and to follow the income guidelines when choosing new residents.

About the UHAB Interest Pool

UHAB maintains a pool of people who have expressed interest in becoming shareholders in co-ops that UHAB develops, as well as in existing HDFCs. Some of these prospective shareholders have received homebuyer counseling from local community organizations. All have attended a mandatory “Becoming a Shareholder” informational session to ensure that applicants understand what they are purchasing, what an HDFC is, how HDFCs operate, and the role of shareholders.  In addition, all applicants are screened for credit scores, income guidelines, and debt-to-income ratios.  Under Market and Match, UHAB provides an HDFC with a summary of candidates who are eligible to fill any vacancies in the building.
 

To Participate in the Market and Match Program

First, please read through UHAB's Guide to using the Market and Match program.  To participate in the program, your HDFC must:

  • Join UHAB as a member (includes an annual fee of $5 per apartment).
  • Apply for the Market and Match Program by filling out both an Intake Form and a Memorandum of Understanding.
  • Provide co-op documents to UHAB, making it easier for prospective shareholders to access share loans. (optional)
  • Have at least half of the board attend a Shareholder Selection training with UHAB staff.  After this training, the board will form a Shareholder Selection Committee.
  • Host an Open House and interview prospective shareholders.
  • Make a selection following fair housing guidelines, and select a shareholder.
  • Notify UHAB of the board’s decision.
Market and Match materials should be mailed to:
UHAB | Urban Homesteading Assistance Board
Attn: Member Services Market and Match
120 Wall Street, 20th Fl.
New York, NY 10005