"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. 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."
Nine affordable housing lotteries on NYC Housing Connect expire in the next week, covering Manhattan, Brooklyn, Queens and the Bronx. NYC Housing Connect is an online platform launched in 2013 that lists residential buildings across the five boroughs accepting applications for leasing and purchasing opportunities. Eligibility depends on total income and family size relative to Area Median Income, with each lottery imposing different income limits. Developers commonly set aside affordable units to gain approvals. The NYC Department of Housing Preservation considers housing affordable when rent equals one-third or less of household income. Some units are reserved for people with disabilities, city workers, or local residents. Applicants receive a log number and winners are selected randomly.
Read at Upper West Side, NY Patch
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