"The website, which launched in 2013 after years as a mail-based program, lists residential buildings across the five boroughs currently accepting applications for apartments, with both leasing and purchasing opportunities. However, there is a catch: Your total income and family size need to fit within a certain range to be eligible to apply to the housing lottery, and each lottery has different income restrictions, based on a measurement called Area Median Income, which you can calculate here."
"The NYC Department of Housing and Preservation, which runs NYC Housing Connect, considers affordable housing to be apartments that cost one-third or less of what the people living there make in income. Also, there's usually a certain number of units in each lottery set aside for people with disabilities, workers employed by the city, or people already based in the community board district where the building is located."
Seven affordable housing lotteries on New York City Housing Connect expire in the next week, including one in Manhattan, five in Brooklyn and one in the Bronx. New York City Housing Connect is an online platform offering below-market apartments in new developments; it launched in 2013 after operating by mail. The site lists buildings across the five boroughs accepting applications for rentals and purchases. Eligibility depends on total household income and family size relative to Area Median Income. Developers often set aside units to obtain city approval. Affordable housing is defined as apartments costing one-third or less of household income. Some units are reserved for people with disabilities, city employees, or local residents. Applicants receive a log number and winners are chosen at random.
Read at Central Park, NY Patch
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