Nowadays housing prices are significantly low, and only the housing lottery help to be able to rent a decent apartment in a decent area for a reasonable price. The problem is that this chance is very slim, and can get lucky a very small number of people. But still it is there and it already gives hope.
source: moinian
This time the lottery was opened in an apartment complex called The Sky (605 West 42nd Street), which is one of the largest residential buildings in the city. The skyscraper, rising to 71 floor in the sky, was put into operation in 2015. It has everything you could wish for from a residential building, and even more, for example, green area, fitness centre and a swimming pool (which is gorgeous).
source: moinian
The city authorities have started to accept applications for participation in the lottery on Friday. The people of new York, earning 40% of average income by area, you can try your luck and get a chance to rent one of 32 studios for $ 613 per month. The annual income of the candidates applying for the Studio must be under $903 22 to $26 720. Also, win 64 apartments with one bedroom (can rent people earning between $24 549 to $30 560 per year) and 11 two bedroom apartments for applicants with an income of $452 29 to $38 160.
source: moinian
In addition, citizens who earn 120 percent of the median income for the area, can compete for 59 affordable apartments at a price of $ 1 948 per month for a Studio up to $ 2 520 per month for an apartment with two bedrooms (the annual income of the candidates should be in the range of $68 675 0 $114 480).
The people of new York, comply with all the conditions can apply for participation in the lottery until December 1, 2017. Residents of Manhattan Community Board 4 will receive preference for 50 percent of cases. More information about how to apply, is available here (pdf). If you have any questions regarding this proposal, they can ask the service representatives Housing Connect, call 311.
