Tell me more about Affordable Housing

Renting an apartment in New York City for a decent rent price isn’t affordable in these days, which is the reason why the City’s Housing Preservation and Development (HPD) offers property tax incentive programs to lower the property tax for developers and owners of new building who allocate a part of their building to be rented for low or mid-income New Yorkers applying through NYC HPD’S Affordable Lottery named “Affordable New York”.