Posted on: August 22, 2019 10:30 AM

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Affordable housing lottery made easier in NYC

As of Monday, August 19, potential tenants applying for NYC affordable housing doesn't need credit check but 12 months of rent paid status on time as replacement. The other option is flexibility on choosing apartment size for more family members. Affordable housing is another name for rent stabilized where developers doesn't have to pay property taxes as part of the deal with the city. According to NY1, "New Yorkers entered the city's affordable housing lotteries 4,654,603 times last year. Only 7,857 'won' the right to an apartment with below-market rent."