First you will need to create an account using your name and email address. How to apply : Applications for the NYC housing lottery are done through NYC Housing Connect. Following is a guide to the application process: Of course with the increase in affordable housing units, applications will also increase. NYC Mayor Bill De Blasio says that 300,000 affordable apartments will be made available for the housing lottery by 2026. In fact the chances of winning the NYC housing lottery are only 1 in 592. The NYC housing lottery sounds like an opportunity many New Yorkers would like to be involved with, and while that may be true it’s a very lengthy process and is not easy to get accepted. The NYC Department of Housing Preservation and Development have come up with a calculated chart of AMI according to family size which can be seen below. The NYC housing lottery will calculate your rent based on your area median income (AMI) and your own personal income. In other words, half of the people in your geographical location earn above this income while the other half earn below that number. These prices are found using your area median income (AMI). Fortunately the process for all the various lotteries now takes place through one platform, known as NYC Housing Connect, making it easier to apply.Īffordable housing as defined by the Department of Housing Preservation and Development (HPD) simply means a monthly rent costing no more than 30% of the individual’s income. In an effort to provide a fair chance at affordable housing for New Yorkers, the city works with the Department of Housing Preservation and Development (HPD) and real estate groups throughout the city to make affordable housing available to those who “win” various housing lotteries. As no surprise to New Yorkers, housing prices in NYC are out of reach for many lower income residents.
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