Additionally, 26.4 percent of East New York inhabitants are below the poverty line. According to, the average annual salary for residents is $51,599. These numbers present a significant problem for many of the residents of East New York. The second building has 13 studio units available with a salary requirement of $69,900. Residents who seek a three-bedroom unit need to have a minimum combined salary of over $121,000. A one-bedroom would require a $75,429 salary, and a two-bedroom requires a minimum combined salary of $85,715. To be eligible to apply for the apartments on Pacific Street, applicants need to make $65,143 per year for a studio apartment. While this seems like excellent news for New Yorkers looking for housing, the stipulations are worrisome. NYC Housing Connect will list the available units until early January 2021. One is a building on Pacific Street in Prospect Heights and the second on Lafayette Ave in Clinton Hill. Recently two buildings in Bed-Stuy have been added to the NYC Housing Connect lottery list. Many believe the system is rigged and the odds are stacked against them to receive affordable housing.Īround 40 Available Units in Brooklyn Have Recently Been Listed
So, it’s safe to say that demand is high and the possibility of landing a “lottery apartment” is nearly impossible. Since the program began in 2013, more than 25 million applications have been submitted for approximately 40,000 units, which is less than 1%. Rents are regulated, so they do not rapidly increase over time, and more permanent housing options like condos, co-ops, and single-family homes have restricted prices. Applicants are entered into a lottery system to be selected for an apartment they are eligible for. NYC Housing Connect is an online portal that gives potential renters the option to find and apply for affordable housing options in New York City. Ī Potential Solution for New York’s Rising Rent Problem? The New York Department of Housing Preservation and Development and Housing Development Corporation sought to solve this problem in 2013 when they developed the NYC Housing Connect Lottery program. However, finding housing is a competitive, expensive, and frequently stressful process. It’s an understatement to say that housing is hard to come by in New York City’s five boroughs.
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