"But wait - what is Housing Connect? For the uninitiated, New York City Housing Connect is an online platform that aims to provide New Yorkers with opportunities for affordable prices on apartments in new developments. 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. Oftentimes, real estate developers will set aside a certain number of affordable units in their blueprints to secure support and approval from city officials and community boards."
"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. Once users apply for an eligible unit, they are issued a log number, and then the numbers are chosen at random by an automated system, lottery-style."
Nine affordable housing lotteries on New York City Housing Connect expire in the next week, with four in Brooklyn, three in the Bronx, one in Queens, and one in Manhattan. New York City Housing Connect is an online platform providing opportunities for lower-cost apartments in new developments, listing leasing and purchasing options across the five boroughs. Eligibility depends on total household income and family size and varies by lottery according to Area Median Income measurements. Developers often include affordable units to obtain approvals. The NYC Department of Housing and Preservation defines affordable housing as apartments costing one-third or less of residents' income. Certain units are reserved for people with disabilities, city workers, or local residents. Applicants receive log numbers and winners are chosen randomly.
Read at Upper West Side, NY Patch
Unable to calculate read time
Collection
[
|
...
]