"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."
"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."
Four affordable housing lotteries on New York City Housing Connect expire in the next week, including two in Manhattan, three in Brooklyn and one in Queens. NYC Housing Connect provides online listings of apartments in new developments with leasing and purchasing opportunities. Eligibility depends on total household income and family size relative to Area Median Income, with varying income bands per lottery. Real estate developers often set aside affordable units to secure approvals. The NYC Department of Housing and Preservation defines affordable housing as apartments that cost one-third or less of household income. Some units are reserved for people with disabilities, city workers, or local residents. Applicants receive log numbers and winners are selected randomly.
Read at Harlem, NY Patch
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