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A blog from CityRealty (Links below will take you to the 6sqft site)

Rental Building News and Offers

Gotham Point (via Gotham Organization and Handel Architects) Gotham Point (via Gotham Organization and Handel Architects)
Updated 5/10/2022 with new lotteries in Williamsburg, Greenpoint, Bushwick, Clinton Hill, Bedford-Stuyvesant, Flatbush, Borough Park, and the Bronx.

In Mayor Bill de Blasio’s “tale of two cities” speech, he cited housing and homelessness as examples of the stark inequality in New York City. As his tenure as mayor draws to a close, The New York Times observes that "a tale of two shelter systems" emerged: While the number of families in homeless shelters has fallen about 30 percent since December 2013, the single adult shelter population has spiked by over 60 percent in the same time frame. He has also faced criticism for his approach to the homeless shelter system and handling of NYCHA housing, namely the failure to test for lead paint.

A shortage of “deeply affordable” permanent housing is part of the inequality problem, but Mr. de Blasio made this a key part of his strategy to reduce homelessness. His administration has reportedly preserved or started building more than 200,000 affordable units, and rezonings in East Harlem, Gowanus, East New York, a stretch of Jerome Avenue in the Bronx, and most recently Soho will allow for the construction of more affordable units throughout the city.

In the meantime, 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.

320-West-135th-Street-01
320 West 135th Street is a premier residential development located in one of Harlem's most vibrant neighborhoods. Only steps from St. Nicholas Park, this new building features one- and two-bedroom homes that have been elegantly designed to incorporate all the conveniences of modern residential living. Each home displays exceptional craftsmanship and high-end finishes and enjoys strong natural light throughout the day. Highlights include 9-foot ceilings, natural white oak floors, white Calcutta quartz countertops, and Krion backsplash Italian millwork throughout.
320-West-135th-Street-02

188-Humboldt-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 gym, central laundry room, package lockers, and rooftop terrace.
188-Humboldt-Street-02

100-Lenox-Road-01
100 Lenox stands proudly on the border of Flatbush and Prospect Lefferts Gardens, a short distance from Brooklyn’s Prospect Park. The area is quiet, surrounded by charming brick buildings and ample greenery, near numerous lines of transportation. All 29 affordable units boast an in unit washer/dryer, dishwasher, smart control heating/cooling, and large bedrooms & living areas. Amenities include a virtual doorman, fully equipped gym, business center, lounge, rooftop terrace, bike storage, package lockers, commercial laundry room, & common area wi-fi, with an accessible entrance, on-site parking, and electric car charging stations. A FREE IPHONE OR $1,000 IS OFFERED AT LEASE SIGNING in addition to a 1-year waived $300 amenity fee for all affordable units.
100-Lenox-Road-02

95-01 37th Avenue, Jackson Heights
95-01-37th-Avenue-01
95-01 37th Avenue’s one- and two-bedroom homes all have a dishwasher in unit and energy-efficient appliances. Amenities include parking garage, bike storage lockers, shared laundry room, dishwasher in unit, energy-efficient appliances, air-conditioning, patio or balcony, gymnasium, outdoor areas, recreation room, rooftop terrace, doorman, gated access, recycling center, package lockers, virtual doorman, intercommunication device, and more. 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.
95-01-37th-Avenue-02

990-Woodycrest-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 covered parking, assigned parking spaces, shared laundry, gymnasium, rooftop terrace, and storage.
990-Woodycrest-Avenue-02

625-Driggs-Avenue-01
625-Driggs-Avenue-02
625-Driggs-Avenue-03
The apartments at 625 Driggs Avenue were designed to maximize living space and provide the latest in comfort, design and technology. It includes high-end kitchen appliances as well as washer/dryer and dishwasher in unit. This building is being constructed through the Inclusionary Housing Program and 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.
625-Driggs-Avenue-04

280-20th-Street-01
280 20th St is located in the airy, tree-lined neighborhood of Greenwood, a stone’s throw away from Park Slope. All residences have sound attenuated windows and party walls, a washer & dryer, a stainless-steel appliance package and white oak hardwood floors. The kitchens feature custom cabinetry and Caesarstone countertops. All bathrooms are condo-quality with custom vanities providing extra storage space. All homes are equipped with solar shades and bedroom closets that are built out with custom shelving, drawers and extensive hanging space.
280-20th-Street-02

2395-Palisade-Avenue-01
2395-Palisade-Avenue
2395-Palisade-Avenue
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 virtual doorman, package lockers, gym, lounge, laundry room, storage, rooftop terrace, and parking with electric car charging stations.
2395-Palisade-Avenue-02

11-37-31st-Avenue-01
Astoria West features easy access to Manhattan and extensive amenities, including a gym, yoga/dance studio, media room, game room, rooftop terrace, pool, courtyard, parking and bike storage. 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.
11-37-31st-Avenue-02

407-East-117th-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. All lottery apartments feature balcony/terrace, in-unit washer/dryer, and full-size kitchen appliances including dishwasher. Amenities include indoor recreation room and roof deck, included in rent.
407-East-117th-Street-02

50-Nevins-Street-01
This building is being constructed through the Supportive Housing Loan Program of the New York City Department of Housing Preservation and Development and with financing from the New York State Division of Homes and Community Renewal. 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 building offers 24-hour front desk security, an exercise room, computer lab, bike parking, community room, multi-purpose room, laundry room, and tenant storage rooms.
50-Nevins-Street-02

197 Freeman Street, 215 Freeman Street, and 216 Freeman Street
Waitlist units from $2,100/month | Deadline May 20, 2022

Freeman-Apartments-01
This is a waiting list to fill current and future vacancies. Eligible applicants will be placed on a waiting list. Qualified applicants will be required to meet additional selection criteria. Amenities include on-site coin-operated laundry, roof deck, gym, and parking. 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.
215-Freeman-Street-02

1669-East-19th-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. The building is pet-friendly, and amenities include doorman, bike room, and laundry service.
1669-East-19th-Street-02

1121-36th-Street-01
1121-36th-Street-02
1121-36th-Street-03
1121 36th Street has 2 affordable units available. All units feature high-end kitchen appliances, energy-efficient appliances, and in-unit washer/dryers. 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.
1121-36th-Street-04

35-05-30th-Street-01
The Dutch House Apartments is a new construction in the Dutch Kills area of Long Island City. The amenities include but are not limited to a Cellar fitness room, bike storage, parking garage, lobby with concierge, package room, 2nd-floor lounge, outdoor space. There is a shared rooftop terrace with a dog run, sun deck, cooking/grilling area, and lounge spaces. 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.
35-05-30th-Street-02

1709-Park-Place-01
Welcome to 1709 Park Place! Beautiful, spacious- newly constructed one bedroom units located in Crown Heights, Brooklyn. 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.
1709-Park-Place-02

171-Chrystie-Street-02
Located where Nolita meets the Lower East Side, 171 Chrystie is a 16-story, brand new development now leasing beautifully designed, luxury studio, 1-, and 2-bedroom residences. Manhattan, 171 Chyrstie exceeds all expectations. From its impressive lobby to its second-floor lounge, all the way up to the rooftop, each and every space has been carefully crafted with a breathtaking attention to detail. 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.
171-Chrystie-Street-01

658-Driggs-Avenue-01
658 Driggs Ave is a location not to be missed! The apartments were designed to maximize living space and provide the latest in comfort, design and technology. It includes high-end kitchen Appliances as well as washer/dryer and dishwasher in unit!! Our luxury apartment complex located in Williamsburg features a well maintained dog washing station, covered parking, storage, a rec room and much much more! There is a preference for residents of Brooklyn Community Board 1.
658-Driggs-Avenue-02

881-Lexington-Avenue-01
Amenities at 881 Lexington Avenue include virtual doorman service, elevator, gym with yoga studio, storage, outdoor terraces, rooftop terrace, bike storage lockers, and assigned, covered parking spaces. The building is smoke-free and pet-friendly, and is anticipated to receive a Tax Exemption the 421a Tax Incentive program of the New York City Department of Hosing Preservation and Development.
881-Lexington-Avenue-02

332-East-28th-Street-01
All units feature hardwood floors, energy-efficient appliances including dishwasher, air conditioning, and patio or balcony. The building has a common roof terrace and easy access to public transportation.
332-East-28th-Street-02

173-Johnson-Avenue-01
Welcome to 173 Johnson Avenue, where lifestyle meets luxury. Residences feature large open layouts, beautiful modern kitchens , spacious living rooms and large bedrooms. The amenity package is designed for the modern renters. Enjoy the Manhattan skyline views on the fully furnished rooftop, work from home in the WIFI equipped business center, and sweat it out in the fully outfitted fitness center. 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.
173-Johnson-Avenue-02

1120-St-Johns-Place-01
Situated in close proximity of Brower Park, 1120 St. Johns Place makes the ultimate place to call your home. This newly constructed smoke free building offers many amenities including, high speed internet, elevator, gym, children's playroom, and rooftop terrace. 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.
1120-St-Johns-Place-02

1224-39th-Street-01
Centrally located in the Borough Park area, 1224 39th Street Apartments offer amenities which include outdoor areas, high-end countertops and finishes, energy efficient appliances, air conditioning, hardwood floors, washer/dryer in unit (two bedroom units only), patio/balcony, close to schools, bus stop/public transportation, accessible entrance and smoke free. 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.
1224-39th-Street-02

90-Sands-Street-01
90 Sands is located in Brooklyn's DUMBO neighborhood in Community Board #2. The 30-story building features a 24-hour attended lobby, security camera system throughout, on-site Resident Manager, Laundry Room, Multipurpose Room for community events and meetings, a digital library, a Fitness Center, and reimagined plaza space for public use at the corner of Sands and Jay Streets. Nearby A/C/B/D/F/M/Q/2/5 subways. All utilities, including electricity and heating, are included in the rents. This building was renovated through the Preservation Program of the New York City Housing Development Corporation and the Supportive Housing Loan Program (SHLP) of the New York City Department of Housing Preservation and Development.
90-Sands-Street-02

277-South-5th-Street-01
At The Dime, every floor boasts breathtaking views of the Manhattan skyline and Williamsburg Bridge, visible from nearly every apartment, and select residences feature private terraces. Located at 275 South 5th on the corner of Havemeyer St., The Dime benefits from its close proximity to Michelin-star restaurants, public parks and the L,G, J, M, and Z subway line.
277-South-5th-Street-02

48-Bleecker-Street-01
48 Bleecker Street is centrally located in the industrial neighborhood of Bushwick. The building offers an array of amenities including a rooftop terrace, shared laundry room, high speed Internet and a cable or satellite TV. Each unit is specifically designed with modern interiors, an installed music system, and a patio. 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.
48-Bleecker-Street-02

1-Blue-Slip-01
One Blue Slip leads the new luxury building wave along the Greenpoint waterfront. The spacious and modern residences, over 90% of which have water views, feature bay windows, 9-foot ceilings, stainless steel appliances, quartz countertops, and in-home Bosch washer/dryers. Sweeping Manhattan views frame the full floor of amenity spaces, designed with modern comfort and maximum enjoyment in mind. Entertain friends and enjoy this extra living space. On the expansive outdoor terrace, you can hold a picnic on the lawn or relax on the chaise lounges. Catering to the tech savvy, the unique media and co-working space features plug and play functionality for the entrepreneur or frequent gamer. The consummate host will enjoy the gaming room, bar, and elegant lounge, which includes a reservable event space.
1-Blue-Slip-02

25-28 30th Drive, Astoria
25-28-30th-Drive-01
25-28-30th-Drive-03
25-28-30th-Drive-04
25-28 30th Drive is the Ideal location for a calm, pleasant, yet entertaining dwelling. Units will be available in studio and two bedroom configurations. Amenities include parking, a gym, bike storage racks, a shared laundry room, package lockers, a storage room, 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.
25-28-30th-Drive-02

21-Arden-Street-01
Applications are now being accepted for 3 newly constructed Cooperative units. Eligible buyers must have 10% down payment of the purchase price. Buyers must occupy the Cooperative Unit as their Primary Residence. This building has been renovated through the Affordable Neighborhood Cooperative Program (ANCP) of the New York City Department of Housing Preservation and Development.

An Informational session will be held on June 1st, 2022, at 6:00PM. Access the webinar via this WebEx link here: https://nychpd.webex.com/nychpd/j.php?MTID=mba7424e9b4a01fe1ee74b63a9ecc37bf Join by meeting number Meeting number (access code): 2336 489 2923 Meeting password: PMkkx2jmu74 Join from a mobile device (attendees only) +1-646-992-2010,,23364892923## United States Toll (New York City) +1-408-418-9388,,23364892923## United States Toll
21-Arden-Street-02

33-Bond-Street-01
Amenities at 33 Bond Street include 24-hour attended lobby, on-site resident manager, sun terrace, fitness center, computer lounge, dog grooming, party rooms, laundry room, and bike storage. This building was constructed through the Inclusionary Housing Program and received a Tax Exemption through the 421-a Tax Incentive Program of the New York City Department of Housing Preservation and Development and the 80/20 New Construction Housing Program of the New York State Homes and Community Renewal.
33-Bond-Street-02

271-Sea-Breeze-Avenue-01
An elegant, modernist stone and glass construction rising 20 stories over Brighton Beach and Coney Island’s iconic shores to crown the history oceanside skyline with a new level of South Brooklyn luxury living. Amenities include a full-time doorman, a fitness center, a children’s playroom, a shared roof deck, bike storage, a laundry room, and parking for 149 vehicles. 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.
271-Sea-Breeze-Avenue-02

Tyler's Bronx

621 East 231st Street, 715 East 220th Street, 717 East 220th Street, 736 East 220th Street, 738 East 220th Street, 933 East 224th Street, 934 East 225th Street, 935 East 224th Street, 936 East 225th Street, 938 East 225th Street, 940 East 225th Street, 2512 Cruger Avenue, 2514 Cruger Avenue, and 4152 Carpenter Avenue
9 waitlist units | Deadline June 14, 2022

Tylers-Bronx
This is a Waiting List to fill 9 current vacant units at the following buildings. This building is approved to receive a Tax Exemption through the Housing Preservation Opportunities Program Article XI of the New York City Department of Housing Preservation and Development (HPD).
Tylers-Bronx-02

23-11-31st-Road
The construction of this building is being financed through the Senior Affordable Rental Apartments program (SARA) and the Low Income Housing Tax Credit program of the New York City Department of Housing Preservation and Development. The building is pet-friendly, and amenities include elevator, laundry room, senior center, and on-site resident manager.
23-11-31st-Road-02

64-Scholes-Street-01
64-Scholes-Street-02
64-Scholes-Street-03
This building is being constructed through the Low-Income Housing Credit Program (LIHC) of the New York State Homes and Community Renewal and the Inclusionary Housing Program of the New York City Department of Housing Preservation and Development. Amenities include on-site resident manager, energy-efficient appliances, air-conditioning, smart controls for heating/cooling, common area Wi-Fi, high-speed internet, recreation/fitness center, storage area, bicycle storage, community facility, outdoor recreation, security cameras, intercom device, elevator, and laundry room.
64-Scholes-Street-04

1164-River-Avenue-01
Apartments feature: luxury vinyl tile, Caesarstone countertops, with white appliances. Free in-unit broadband internet. Neighborhood: The area is walking distance to Yankee Stadium to the south, as well as to the large Mullaly Park. This building is being constructed through the Extremely Low and Low-income Affordability (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).
1164-River-Avenue-02

550-Clinton-Avenue-01
550-Clinton-Avenue
550-Vanderbilt-Avenue
539 Vanderbilt is a 29-story and four-story mixed-use building designed by Morris Adjmi Architects and bounded by Atlantic, Clinton, and Vanderbilt Avenues. Amenities include a bike room, pool, and outdoor areas. The 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.
550-Clinton-Avenue-02

1998-Second-Avenue-01
1998 Second Avenue is a newly constructed luxury rental building located in one of Manhattan’s most vibrant neighborhoods. A rental like any other, 1998 Second Avenue is a leisurely walk to Central Park and the East River Greenway and Esplanade situated for easy access to Upper East Side’s dining and shopping. Located a few blocks from the 4 and 6 subway lines, as well as the new Second Avenue subway and multiple bus lines. The pet-friendly building features an attended lobby, on-site resident manager, in-unit washer/dryer in all apartments, free storage with each unit, media room and separate outdoor 17ft movie screen, state of the art fitness center, multiple BBQ areas with seating, roof-top lounge, and outdoor roof deck inclusive of a pool. This building is being constructed through the 421-a(16) Affordable New York Housing Program of the New York City Department of Housing Preservation and Development.
1998-Second-Avenue-02

Low-Income Rentals
The buildings in this section are currently accepting applications to fill vacancies and replenish the waiting list. Full details and instructions may be found here.

If you have any questions related to the following developments, please direct them to HDC. CityRealty is not affiliated with affordable housing lotteries and cannot offer assistance in this regard.

1 Morningside Drive
Waitlist units from $859/month

Avalon Morningside Park

Gilbert on First 1912 First Avenue

129-11-Jamaica-Avenue

3160-Park-Avenue

253 East 142nd Street and 250 East 144th Street
Vacancies and waitlist units from $1,190/month

Morris Court Apartments affordable units

1500-Hoe-Avenue

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