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Features

Updated 9/20/2021 to include new lotteries in Greenpoint, Clinton Hill, Midwood, Forest Hills and the Bronx.

Housing affordability has always been an issue in New York City, and the coronavirus pandemic and accompanying economic fallout threw that into sharp relief. The New York State legislature recently extended a temporary eviction moratorium until January 15, 2022 in a move that undoubtedly comes as a relief to cash-strapped renters, but isn't enough to change the fact that housing demand has long since outstripped supply, and rents rose correspondingly.

Fortunately for renters, there is a large number of programs throughout the city and state to put housing closer within reach. This is good news for people seeking affordable housing, but each has its own rules and restrictions to navigate. This article focuses on New York City and New York State programs designed to assist renters.
New York-CIyt-housing-3 City initiatives to boost and preserve NYC's affordable housing



• NYC Housing Connect Lotteries

If you’re interested in an affordable housing unit, the first thing to do is visit the NYC Housing Connect website and find out if you qualify and more specifically, find out if you qualify for any current housing lotteries (different lotteries may have different types of units available). Next, apply on the NYC Housing Connect website by opening an account. Then you just have to wait and see if your number is called. If it is, you’ll then be asked to compile hundreds of pages of paperwork,and undergo an interview. If the paperwork is too daunting, reach out to an NYC Housing Ambassador or contact a Ready to Rent Office in your borough. If your paperwork and interview check out, you may still find yourself waiting and you may never even be granted a unit. This is because NYC housing lotteries select more applicants than there are available units. While this may sound unfair, there are two reasons this is generally done: First, many people are disqualified once they submit their paperwork, and second, the process is so onerous, many New Yorkers drop out of the process before ever gaining access to a unit.

The benefits of entering a housing lottery are fairly obvious—if you “win," you’ll end up with an affordable or reasonably affordable rent stabilized apartment in New York City. Also, many of the available units are highly desirable. Housing lottery units are often housed in swank new mixed-income buildings with appealing amenities from state-of-the-art gyms to roof-top decks to game rooms. The downside of the housing lottery system is that much is left up to chance, the paperwork is onerous, and if you’re in the top 25% percent of eligible applicants, you may still end up paying close to market rent for your unit.

More information and a list of past lotteries can be found here.
NYC-affordable-housing-04
If you have any questions related to the following lotteries, please direct them to Housing Connect. CityRealty is not affiliated with affordable housing lotteries and cannot offer assistance in this regard.

Hunters Point South Parcels F and G Gotham Point via VUW Studio
Gotham Point, a two-towered development on Parcels F and G of the Hunter's Point South master plan, is set to bring a total of 1,132 new housing residences to Long Island City, 75 percent of which will be affordable to households earning 30, 50, 80, 125, and 165 percent of the area median income. The lottery for the smaller South Tower is expected to begin this fall for apartments with sweeping views, high ceilings, plank flooring, and top-of-the-line appliances. Amenities are set to include a rooftop terrace, lounge, indoor/outdoor fitness center, co-working lounges, a playroom for kids, and an urban rooftop farm and boathouse that will be open to the public. The South Tower will also contain 3,000 square feet of retail space designated as "Flux IV," Flux Factory's new permanent home and fourth location.
Affordable housing criteria Criteria via Gotham Properties
Affordable housing lottery criteria
Housing lottery criteria
Hunters Point South lottery
Hunters Point South lottery criteria

27-29-Queens-Plaza-North-01 Sven via The Durst Organization / Handel Architects
When Sven was still on the drawing boards, it was announced that nearly 300 of the 957 units inside would be designated affordable. More recently, it has been confirmed that individuals and households earning $68,229 - $183,300 are eligible to apply for rent-stabilized units in the building starting at $1,990 for studios, $2,132 for one-beds, $2,560 for two-beds, and $3,843 for three-beds. Apartments will feature light oak hardwood floors, vented kitchens, spa-inspired baths, individually-controlled heating and air conditioning, and Energy Star appliances, including washer/dryer. Building amenities are set to include an attended lobby, a fitness center with separate workout studios, a lounge, a library with co-working areas, a children's playroom, a parking garage, a bike room, and an outdoor pool with deck and green wall.
via Durst Organization

325-East-25th-Street-01
This is a Waiting List to fill 9 current vacant units, eligible applicants will be placed on the list for future vacancies. Individuals or households who meet the income and household size requirements listed in the table below may apply. Qualified applicants will be required to meet additional selection criteria. Amenities include central laundry room, gym, storage, and outdoor areas.
325-East-25th-Street-02

53-08-102nd-Street-01
This building is anticipated to receive a Tax Exemption through the 421(a)16 Tax Incentive program of the New York City Department of Housing Preservation and Development. Large dogs are allowed, and apartments include hardwood floors, central air conditioning, and high-end finishes and appliances.
53-08-102nd-Street-02

1603-Lincoln-Place-01
This building is anticipated to receive a Tax Exemption through the 421a Tax Incentive Program of the New York City Department of Housing Preservation and Development. Amenities include air conditioning and central laundry room.
1603-Lincoln-Place-02

265-West-126th-Street-01
This building is being constructed through the Neighborhood Construction Program of the New York City Housing Preservation and Development and the Low-Income Housing Tax Credit Program of the Low-Income Housing Tax Credit Program (LIHTC) of the New York State Homes and Community Renewal. Eligible applicants who qualify for the 4 (PBV) Section 8 units will pay 30% of their household income in rent. The development will have retail, office and community facility space.
265-West-126th-Street-02

633-Marcy-Avenue-01
This building is being constructed through the Inclusionary Housing Program and is anticipated to receive a Tax Exemption through the 421a Tax Incentive Program of the New York City Department of Housing Preservation and Development. Amenities include elevator, gym with yoga studio, central laundry room, and bike room.
633-Marcy-Avenue-02

26-Quincy-Street-01
26 Quincy Street offers a boutique building experience with the comfort of modern, luxury finishes. Amenities include an elevator, on site gym, rooftop, lobby with package room, bike storage, laundry in each unit and covered parking. Units also include stone kitchen countertops, sleek custom cabinetry, hardwood floors throughout, luxury bathroom design and split A/C units with separate climate controls for each room. This building is anticipated to receive a Tax Exemption through the 421a Tax Incentive Program of the New York City Department of Housing Preservation and Development.
26-Quincy-Street-02

648-Midwood-Avenue-01
This building is anticipated to receive a Tax Exemption through the 421a Tax incentive program of the New York City Department of Housing Preservation and Development. Amenities include in-unit washer/dryers, gated access, and rooftop terrace.
648-Midwood-Avenue-02

1755 Watson Ave. LLC, Soundview

1775 Watson Avenue, 1111 Commonwealth Avenue, and 1115 Commonwealth Avenue
283 units from $375/month | Deadline October 4, 2021

1775-Watson-Avenue-01
This building is being constructed through the ELLA Program of both the New York City Housing Development Corporation (HDC) and the New York City Department of Housing and Preservation and Development (HPD) and HPD’s Mandatory Inclusionary Housing Program. The amenities at this property include: Stone countertops, LVT flooring, Outdoor terrace, Outdoor recreation area, Community lounge, Media room, Yoga room, Bicycle Storage, Parking+, On-Site Laundry+ (+Additional Fees apply), and elevators. Close to this property are the Castle Hill YMCA, Parkchester Shopping Center and Bruckner Plaza shopping Center, all of which are walking distance from this property.
1755-Watson-Avenue-02

1609-Voorhies-Avenue-01
This building is anticipated to receive a Tax Exemption through the 421a Tax incentive program of the New York City Department of Housing Preservation and Development. Amenities include an elevator, rooftop access, and a coin-operated laundry room.
1609-Voorhies-Avenue-02

325-Gates-Avenue-01
The building is anticipated to receive a Tax Exemption through the 421a Tax Incentive Program of the New York City Department of Housing Preservation and Development. The units come with beautiful hardwood floors throughout, stainless steel appliances (including a dishwasher), granite counter tops and recessed lights; nice opened area with exposed brick, lots of light and good closet space.
325-Gates-Avenue-02

1492 Bryant Avenue, Bronx
Affordable housing lottery Bronx
This building is anticipated to receive a Tax Exemption through the 421a Tax Incentive program of the New York City Department of Housing Preservation and Development. Amenities include rear yard and outdoor bike storage.
Affordable housing lottery criteria

65-Woodbine-Street-01
The building is anticipated to receive a Tax Exemption through the 421a Tax Incentive Program of the New York City Department of Housing Preservation and Development. Located in vibrant Bushwick, introducing this one bedroom, one bathroom unit. Bushwick is an exceptionally vibrant neighborhood; at 65 Woodbine you're just steps away from the J/Z station at Gates or the L station at Wilson. Surrounded by the best coffee, bars, restaurants, and community you cannot choose a better place to call home.
65-Woodbine-Street-02

1068-Fulton-Street-01
1068 Fulton Street is an extraordinary, beautifully executed new-construction elevator building redefining luxury living in the historic neighborhood of Bed-Stuy. Units range from thoughtfully designed one-bedrooms and two-bedrooms. All units feature large floor to ceiling windows, flooding residences with abundant natural light and spectacular views of Manhattan in select units. The interiors of the residences, designed with simplicity in mind, epitomize elegance and sophistication. This building is anticipated to receive a Tax Exemption through the 421a-16 Tax Incentive Program of the New York City Department of Housing Preservation and Development.
1068-Fulton-Street-02

321-Wythe-Avenue-01
This is a Waiting List to 2 current vacant units. eligible applicants will be placed on the list for future vacancies. Welcome to 321 Wythe Ave... The Williamsburg Waterfront’s newest and most extraordinary new luxury high-rise. Towering high above its neighbors, 321 Wythe offers unparalleled views of the water, the Manhattan skyline, the bridges, and the Statue of Liberty. With three floors of incredible amenities, and a roof deck that cannot be beat, 321 Wythe just became the most impressive building in Brooklyn. The building is anticipated to receive a Tax Exemption through the 421a Tax Incentive Program of the New York City Department of Housing Preservation and Development.
321-Wythe-Avenue-02

44-Kent-Avenue-01
New building on the waterfront in Greenpoint, Brooklyn. Finished rooftop provides uninterrupted views of Manhattan and the Williamsburg Bridge. The building is equipped with a fitness center, bike storage, business center, and parking is available. All units are fitted with luxury amenities: central air, dishwashers, stunning hardwoods, designer windows, and more. This is a Waiting List to fill 2 current vacant units, eligible applicants will be placed on the list for future vacancies.
44-Kent-Avenue-lottery-02

2265-Hughes-Avenue-01
Located just a few short blocks away from Fordham University, this new, state-of-the-art, 17-unit, solar paneled, and highly efficient development offers amazing amenities including laundry, bike room, elevator, private parking options, and more. This unit features custom closets, a modern kitchen with energy efficient ss appliances, marble countertops and breakfast bar, a sleek porcelain tiled bathroom, hardwood and ceramic tiles throughout, and custom moldings. Private parking is available for an additional fee. The building is anticipated to receive a Tax Exemption through the 421a Tax Incentive Program of the New York City Department of Housing Preservation and Development.
2265-Hughes-Avenue-02

228-East-135th-Street-01
Welcome to The Arches an amenity-rich luxury rental development located 10 minutes from Midtown Manhattan. The Arches is composed of a pair of gleaming towers that overlook South Bronx, the Harlem River, and the Manhattan Skyline. Boasting pristine studio, 1 and 2-bedroom units, each unit at The Arches is a portrait of contemporary city living. With over 40,000sf of amenities at The Arches, each has been designed to enhance and support today’s fast-paced lifestyle. This building is anticipated to receive a Tax Exemption through the 421a Tax Incentive Program of the New York City Department of Housing Preservation and Development.
224-East-135th-Street-02

29-28-Newtown Avenue-01
This building is anticipated to receive a Tax Exemption through the 421a Tax Incentive Program through the New York City Department of Housing Preservation and Development. Amenities include elevator, in-unit washer/dryers, and rooftop terrace.
29-28-Newtown-Avenue-02

1035-Cortelyou-Road-01
This building is anticipated to receive a Tax Exemption through the 421a Tax Incentive Program of the New York City Department of Housing Preservation and Development. A brand new 2 bedroom unit available.... Located in Prime Ditmas-Park, a 5-minute walk from the Q train at the Cortelyou Road stop.
1035-Cortelyou-Road-02

1941-Coney-Island-Avenue-01
The Posh is a finely crafted rental building located in Midwood, Brooklyn. The dynamically designed units boasts open layouts, porcelain floors, high ceilings, large expansive floor to ceiling windows, open modern kitchens with quartz stone countertops, light wood tone cabinetry, lacquered finishes and stainless steal appliances. This building is anticipated to receive a Tax Exemption through the 421a Tax Incentive Program of the New York City Department of Housing Preservation and Development.
1941-Coney-Island-Avenue-02

152-East-116th-Street-01
This building was renovated through the Affordable Neighborhood Cooperative Program (ANCP) of the New York City Department of Housing Preservation and Development. The property will have 40-year Article XI Tax Exemption. El Barrio Operation Fightback is pleased to announce that applications are now being accepted for 7 cooperative units at 152 East 116th Street, New York, NY 10029. Eligible buyers should have 3% of the purchase price available for down payment. Please note that the quoted sales prices, maximum household income, asset limit, etc., are estimated and are subject to change. EACH BUYER MUST OCCUPY THE HOME AS THEIR PRIMARY RESIDENCE. ANY PROSPECTIVE APPLICANT WHO CURRENTLY OWNS OR PREVIOUSLY HAS PURCHASED A RESIDENTIAL PROPERTY IS INELIGIBLE.
152-East-116th-Street-02

2369-Hoffman-Street-01
This building is anticipated to receive a Tax Exemption through the 421a Tax incentive program of the New York City Department of Housing Preservation and Development. Apartments feature hardwood floors, central air conditioning, and high-end finishes and appliances, including dishwasher.
2369-Hoffman-Street-02

276-Grand-Concourse-01
A 12-story building superbly crafted, reflecting inexplicable standards. These apartments are carefully constructed with discerning features carried throughout every space. Units vary in studio, one, two and three bedroom configurations. Amenities include a fitness center, yoga/dance studio, An entertainment lounge, a children’s playroom, a 24/7 doorman, a storage room (fees apply), and a landscaped rooftop deck. This building is anticipated to receive a Tax Exemption through the 421a Tax Incentive Program of the New York City Department of Housing Preservation and Development.
276-Grand-Concourse-02

Muller Apartments, Wakefield
555-Nereid-Avenue-01
This building is being constructed through the Low Income Housing Tax Credit Program of the New York City Department of Housing Preservation and Development. Supportive housing is permanent, affordable housing with on-site support services to serve the needs of the most vulnerable New Yorkers, including the formerly homeless and disabled. Sixty percent of units in supportive housing are set aside for low income or formerly homeless individuals or families with special needs, who are referred by city agencies. The remaining 40% of units in the building are made available to the public through lottery. The units listed in this notice are only those made available to the general public.
555-Nereid-Avenue-02

761 East 233rd Street, Wakefield
761-East-233rd-Street-01
This building is anticipated to receive a Tax Exemption through the 421a Tax Incentive program of the New York City Department of Housing Preservation and Development. Amenities include elevator, intercom, lounge, fitness center, and central laundry room.
761-East-233rd-Street-02

Woodlawn Senior Housing, Woodlawn Heights
69-East-233rd-Street-01
This building is being constructed through the Senior Affordable Rental Apartments (SARA) program and the HOME Investment Partnerships Program (HOME) of the New York City Department of Housing Preservation and Development. The project is located in Bronx Community Board 12. Individuals or households in which at least one member is 62+ at the time of application and who meet the income and household size requirements should apply. Applicants will need to qualify for Section 8. Tenant pays 30% of their income towards rent and utilities. Laundry is card operated. Free parking via lottery system with available electric vehicle charging for applicable rates.
69-East-233rd-Street-02

148-37 88th Avenue, Jamaica
148-37-88th-Avenue-01
This new development consists of studio-, one-, two- and three-bedroom apartments and expansive indoor and outdoor amenities including a modern kitchen with high-end appliances, and so much more! This project offers one of the most panoramic views available in Queens. This building is anticipated to receive a Tax Exemption through the 421a Tax Incentive Program of the New York City Department of Housing Preservation and Development.
148-37-88th-Avenue-02

7-Dey-Street-01 Rendering via FXCollaborative
7 Dey Street is a new 34-story development located on the corner of Broadway in the heart of Downtown Manhattan offering studio, one and two bedroom layouts. Steps from the Fulton Street transit hub, City Hall Park, and the World Trade Center, the building features modern finishes and three floors of amenity spaces designed with resident wellness in mind. A pair of rooftop terraces and a sun deck serve as a connection to the outdoors with sweeping views from the Battery to Midtown. The rooftop lounge and recreation center are ideal locations to gather with friends at the bar, to watch a movie, or to curl up by the fire. Separate co-working and meeting spaces are available for students and those working from home, while the fitness center, yoga studio, and bicycle room support an active lifestyle.
7-Dey-Street-02

1973 Daly Avenue, West Farms
1973-Daly-Avenue-01
Located in the residential neighborhood of West Farms, 1973 Daly is a beautifully crafted 11 story building in the Bronx. Minutes away from Bronx Park and major transit systems, 1973 Daly offers thoughtfully designed apartments with high end finishes and appliances. Units vary in studio, one, and two bedroom configurations. Amenities available to tenants include full-time security and maintenance staff, a 1300 SF community room, lounge, outdoor recreational space, fitness center, bike storage, and laundry rooms (fees apply) on each floor. This building is being constructed through the Low Income Housing Tax Credit (LIHTC) program of the New York City Department of Housing Preservation and Development and financed under Article XI of the New York State Private Housing Finance Law.
1973-Daly-Avenue-02

Bedford 203 HDFC, Jerome Park
211-East-203rd-Street-01
This building is being constructed through the Low-Income Housing Tax Credit Program (LIHTC) and Supportive Housing Loan Program of the New York City Department of Housing Preservation and Development. Supportive housing is permanent, affordable housing with on-site support services to serve the needs of the most vulnerable New Yorkers, including the formerly homeless and disabled. Sixty percent of units in supportive housing are set aside for low income or formerly homeless individuals or families with special needs, who are referred by city agencies. The remaining forty percent of units in the building are made available to the public through lottery. The units listed in this notice are only those made available to the general public.
211-East-203rd-Street-02

Apex Place, Forest Hills

62-11 108th Street and 108-75 62nd Drive
267 units from $738/month | Deadline November 16, 2021

Affordable Queens lottery
Apex Place is a new, smoke-free, affordable development that features many amenities throughout the three residential building project, including one 17-story building and two 13-story buildings. The development’s 441 lottery units all have dishwashers and air conditioning, spacious closets and large windows. All tenants have access to roof decks, children’s playrooms, fitness rooms, and laundry facilities. Common spaces include a large, recently upgraded landscaped campus grounds with central green, 4-story parking garage (additional fee), and community rooms.

Apex Place will be a mixed-income community for households in a range of low-, moderate-, and middle-income categories. This building is being constructed through the Mix and Match Program of the New York City Housing Development Corporation (HDC) and the New York City Department of Housing Preservation and Development (HPD) and the Mandatory Inclusionary Housing (MIH) program of HPD.
Affordable housing criteria

161-01 89th Avenue, Jamaica
161-01-89th-Avenue-01
This building is being constructed through the Supportive Housing Loan Program (SHLP), of the New York City Department of Housing Preservation and Development. Supportive housing is permanent, affordable housing with on-site support services to serve the needs of the most vulnerable New Yorkers, including the formerly homeless and disabled. Sixty percent of units in supportive housing are set aside for low income or formerly homeless individuals or families with special needs, who are referred by city agencies. The remaining forty percent of units in the building are made available to the public through lottery. The units listed in this notice are only those made available to the general public This building is also being constructed through Voluntary Inclusionary Zoning, and Affordable Independent Residences for Seniors (AIRS) of the New York City Department of Housing Preservation and Development.
161-01-89th-Avenue-02

111-Varick-Street-01
A towering 30-story sculpture rising over one of New York City’s most rapidly evolving neighborhoods, 111 Varick offers 100 highly detailed rental apartments with unobstructed skyline and Hudson River views. These studio, one- and two-bedroom luxury LEED Silver certified homes are enveloped in an undulating precast concrete façade inspired by the industrial heritage of its surroundings, and bringing vibrancy to one of Downtown’s most visible corners. This building is being constructed through the Inclusionary Housing Program and is anticipated to receive a Tax Exemption through the 421a Tax Incentive Program through the New York City Department of Housing Preservation and Development.
111-Varick-Street-02

The lotteries run through Housing Connect are perhaps the city's best-known resource for affordable housing, and it shows: An article in The New York Times noted that the odds of securing an affordable apartment through a housing lottery are one in 592. This is daunting, but it is also not the only option in town. There are several programs to help renters on low and fixed incomes, not to mention other options for middle-income New Yorkers who might need help finding adequate housing.

• NYCHA Developments

Income restrictions are generally lower than they are for affordable housing programs, but they do include a wide range of New Yorkers (e.g., a family of four can have a household income up to $83,450). There are also a few other requirements to apply for a NYCHA unit. First, you must meet NYCHA’s definition of family, which is either a single person or “Two or more persons related by blood, marriage, domestic partnership, adoption, guardianship, or court awarded custody.” In addition, your admission to a public housing development cannot endanger the welfare and safety of other residents. Finally, you and your co-applicant (spouse or domestic partner, if any) must be at least 18 years of age or an emancipated minor. To apply, visit the NYCHA website.
NYCHA (New York City Housing Authority) aims to provide “decent and affordable housing in a safe and secure living environment for low- and moderate-income residents throughout the five boroughs.” NYCHA also happens to be the largest public housing program in the United States. Since its inception, the program has created more than developments across the city’s five boroughs. In fact, NYCHA units currently represent 8% of the city’s rental apartments. To find out where NYCHA buildings are located, consult the city’s downloadable map or interactive map. Notably, NYCHA has different types of units for different demographics (e.g., some NYCHA buildings are for seniors exclusively).
So, what do you get if you qualify for a NYCHA unit? The average NYCHA unit rents for $522 per month, making it the most affordable way for families to live in New York City. However, many NYCHA developments are also in disrepair and in some cases, the buildings have even been deemed dangerous. In July 2018, reports surfaced that when tested, 820 children under six living in NYCHA units had elevated levels of lead in their blood. While the city currently has expressed many good intentions about repairing NYCHA buildings, but there is a lot of work to be done and deep federal cuts to NYCHA’s capital budget aren’t helping matters.
via nyc.gov
Smith-Houses-04 A vision of new infill development at the Smith House in lower Manhattan

• Section 8

NYCHA not only oversees a large part of New York City’s rental housing but also administers the Section 8 program. There are currently approximately 90,000 Section 8 homes in New York City and over 29,000 owners participate in the program.

Section 8 is a voucher program that offers assistance to eligible low- and moderate-income families (income restrictions can be found here) who are struggling to pay rent on the private market. For example, if you’re a family of four living on up to $52,150, you are eligible for Section 8 assistance. But qualifying for Section 8 doesn’t mean that you won’t pay any rent at all. The program is simply designed to ensure families don’t pay more than 40% of their adjusted monthly income toward their rent. NYCHA pitches in the remaining amount on the family’s behalf and owners receive what is known as a Housing Assistance Payment directly for the authority. You can learn more about Section 8 and apply on the NYCHA website.
(CityRealty)

• Mitchell-Lama Rentals

Mitchell-Lama is a housing program for both renters and buyers in New York State. Currently, to qualify for a Mitchell-Lama rental unit, depending on your family size, the income cut-offs range from $53,450 to $100,750. While rentals do become available in Mitchell-Lama buildings from time to time, the waitlists tend to be long. You can find a list of open Mitchell-Lama waitlists and check the status of current waitlists online.

If you do acquire a Mitchell-Lama rental, the rewards can be great. Most Mitchell-Lama units rent for $1000 to $2000 per month and this includes units large enough to house an entire family. However, simply getting a Mitchell-Lama takes many tenants years and even more than a decade.
Averne-View-03 Arverne View, a Mitchell-Lama development in Far Rockaway that was damaged by Superstorm Sandy

• Senior Citizens Rent Increase Exemption (SCRIE)

Currently, seniors are among the city’s most vulnerable residents. Indeed, over the coming years, the population of elderly New Yorkers is expected to increase dramatically. One program designed to directly assist the city’s elders is the Senior Citizens Rent Increase Exemption (SCRIE) Program. This program ensures that income-eligible people over 62 years of age who live in rent controlled or rent stabilized apartments are exempt from future rental increases.

Affordable Housing Programs for the Middle Class

In most cities, middle-class households don’t actually need assistance to rent a home. In fact, in most cities, middle-class families are more likely to own than rent. But New York City is an exception to the rule. Many middle-class families, including those making above $100,000 per year, struggle to find adequate housing. To help out, the city has recently ramped up its affordable housing program. These units are distributed through housing lotteries. While income restrictions still do apply, in the case of affordable housing, households can make up to $182,655 annually and still qualify. Another longstanding form of relief for renters is rent stabilization, which applies to approximately one million apartments in the city (find more information below).
Pacific Park's middle income affordable building, 535 Carlton (https://535carlton.com)
Income bands at 535 Carlton Avenue

• Rent Stabilization

Although New York has lost much of its rent stabilized apartment stock in recent years, these units do still exist, especially outside Manhattan. First and foremost, unlike other affordable housing programs, you don’t have to meet any special income requirements to rent a rent stabilized unit. If you work on Wall Street but don’t want to spend all your money on rent, you too can benefit from this program. How cheap are these units? While most rent stabilized units aren’t dirt cheap, they are priced well under market value because owners are not permitted to raise rents on such units above allowable annual thresholds (usually 1.5% to 2.5%). While some listings indicate that the unit is rent stabilized, the best rent stabilized units are often passed along via word of mouth or acquired by simply calling an owner directly to ask about availabilities. You can search for rent stabilized units on NYC Rent Guidelines Board website. If you think your current unit is rent stabilized but not being treated as a rent stabilized unit, you can also consult the city’s guidelines online.
Rent-Stabilized-Apartments-03 Published in May 2018 by the NYC Rent Guidelines Board
Navigating New York’s available programs for renters may not be easy, but many of these programs do offer considerable relief to renters. In addition, given the current administration’s stated commitment to building more affordable housing for New Yorkers, there is hope that moving forward, new programs targeting people living on low, fixed and middle incomes will be established.

Additional Info About the Building