"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."
Seven affordable housing lotteries on New York City Housing Connect expire in the next week across Manhattan, Brooklyn, and the Bronx. New York City Housing Connect is an online platform offering lower-cost apartments in new developments across the five boroughs. Eligibility depends on total income and family size tied to Area Median Income ranges. Developers often set aside affordable units to secure approvals from city officials and community boards. The NYC Department of Housing and Preservation defines affordability as housing that costs one-third or less of residents' income. Some lotteries reserve units for people with disabilities, city employees, or local residents. Applicants receive a log number and winners are chosen randomly.
Read at Harlem, NY Patch
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