In 2024, first-time homebuyer market share dropped to 24%, but over 60 families in New York achieved homeownership via the New York Housing Lottery System.
Tanese Orr, a Jamaican-American, expressed that despite her American dream of homeownership, 20 years in public housing made it feel impossible before applying for assistance.
Orr reflected on the tough documentation required during the process, emphasizing her determination to provide everything necessary because she believed it would be her home.
The couple managed to purchase a two-family home valued at $1.1 million for just $727,365, proving that the journey involved significant savings despite misconceptions about 'winning the lottery'.
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