: The city's official portal for both rental and homeownership lotteries. As of April 2024, new homeownership lotteries include co-op units for households earning approximately 120% of the Area Median Income (AMI).
: Prospective buyers should typically have at least 10% of the purchase price available for a down payment. Where to Find Listings buy affordable housing nyc
: Housing Development Fund Corporation units are one of NYC's most affordable purchase options, with recent listings starting as low as $149,000. These buildings have strict income caps for buyers but sell well below market rates. : The city's official portal for both rental
: A real estate guide that tracks affordable housing topics, including tips on using low-down-payment loans in NYC. Affordable Housing · NYC311 - NYC.gov Where to Find Listings : Housing Development Fund
: Households must fall within specific AMI brackets. For some recent purchase lotteries, this ranges from roughly $70,462 for a single person to over $300,000 for very large households.
: Provides affordable homeownership (and rental) for middle-income families. These apartments are typically found through separate waiting lists rather than the standard Housing Connect portal.
To qualify for these homeownership programs, you must generally meet the following criteria: