In 2018 new York waiting for a new wave of housing lotteries

In 2018 new York waiting for a new wave of housing lotteries

Office of the mayor new York, bill de Blasio, this week presented the public draft of the city budget for 2018, which is replete with programs and initiatives that can significantly affect the daily life of ordinary residents of the Big Apple.

Special attention in the draft budget removes the program increase the number of affordable housing for low-income families (whose annual income does not exceed $ 40,000).

According to the municipality, for the period from 2000 to 2014, average rents in new York rose 19 percent, and real average household income declined by six percent. In addition, this year the unemployment rate in the city has reached a record level of four percent.

So working on the project of the budget, city officials are trying to make new York more affordable for the life, allocating $ 1.9 billion for «increase or maintain» the number of affordable apartments. It is planned that next year their number will reach 10 000. These apartments will be available for rent after the housing lotteries. Half of them will be allocated for seniors, another 500 will be for veterans.

If the draft budget approve by the City Council in its present form, new Yorkers can count on much more affordable housing throughout the city. The problem is that many citizens earn too much to qualify for these cheap apartments. And here already do not know to rejoice or cry.

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