Costly Housing Is So 2018

Costly Housing Is So 2018

It’s 2019. Do Your Resolutions Include Affordable Housing?

For many Americans, top New Year’s resolutions include spending less and saving more. But with housing costs steadily increasing, these aspirations only seem more and more discouraging.

Fortunately, though, new laws are in your favor! Contrary to popular belief, New York City’s new Affordable Housing Program is open to mid-to-high income earners. That’s right – YOU may be eligible to save thousands on your housing costs!

Here are our top tips to help navigate the process:

1. Jump Right In 

 Sometimes it’s those small simple tasks that stay on our to-do-lists for months. But when you get down to it, it only takes a few minutes out of your day. So, start your 2019 housing goals with the simplest step there is: Make. That. Account. It’s just a matter of inputting some basic information on Housing Connects, and once you have an account, you’re already halfway there! Learn more about signing up here.

2. Designate Time

Good things come to those who wait? We’re more of the opinion that good things come to those who work for it. After all, Affordable Housing won’t come chasing after you – and there’s a whole line-up of eligible applicants for you to compete alongside. You’ll need to set aside a bit of time each day or week for research. Thankfully, we, at Reside New York, have done have the work for you.  Search though our listing here for exclusive interior photos.

3. Practice Patience 

The process may seem be long and draining at first glance, but it isn’t without benefit. Although there are many loops to jump though, the result can mean a beautiful new home at a low cost. And, our team here at Reside New Year is here to assist you every step of the way.  

4. Start Budgeting and Pay Down Your Debt

 So, a new apartment is coming your way? Although “Affordable Units” generally mean less costs, new apartments don’t come fully stocked. Save some money for that post-move-in frenzy and set aside a little extra to spent on new furniture, appliances, and/or repairs.

5. Be persistent

Try. Try. And if that doesn’t work, try again. Remember, you can always appeal for rejection.  Tenants typically have ten days to appeal for a rejection after receiving notice from the developer. Upon receiving notice, you must send a letter of appeal to the developer explaining why you believe you qualify for the unit. If you are still rejected, you may file a complaint with HPD within five days of receiving the developer’s final decision.  

If you have any further questions regarding the Affordable Housing Lottery or your eligibility to apply, please don’t hesitate to reach out. Contact us at or chat with us at 718-387-4448.