Since the program began in 2013, more than 25 million applications have been submitted for approximately 40,000 units, which is less than 1%. Rents are regulated, so they do not rapidly increase over time, and more permanent housing options like condos, co-ops, and single-family homes have restricted prices. Applicants are entered into a lottery system to be selected for an apartment they are eligible for. NYC Housing Connect is an online portal that gives potential renters the option to find and apply for affordable housing options in New York City. Ī Potential Solution for New York’s Rising Rent Problem? The New York Department of Housing Preservation and Development and Housing Development Corporation sought to solve this problem in 2013 when they developed the NYC Housing Connect Lottery program. However, finding housing is a competitive, expensive, and frequently stressful process. It’s an understatement to say that housing is hard to come by in New York City’s five boroughs.
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