"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. 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,"
New York City Housing Connect is an online platform launched in 2013 that lists residential buildings across all five boroughs accepting applications for leasing and purchasing affordable apartments. Eligibility depends on total household income and family size and varies by lottery based on Area Median Income. Real estate developers often set aside affordable units to gain support and approvals from city officials and community boards. The NYC Department of Housing and Preservation defines affordable housing as apartments that cost one-third or less of household income. Many lotteries reserve units for people with disabilities, city employees, or local district residents. Applicants receive a log number and winners are selected randomly. Four lotteries expiring next week include Marcus Garvey C-E, 61 Metropolitan Avenue, 1992 Arthur Avenue Apartments, and 408 Lefferts Avenue Apartments.
Read at Upper West Side, NY Patch
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