: 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).
: Frequently updated lists of HDFC co-ops available for purchase across the five boroughs. buy affordable housing nyc
: You must intend to live in the unit as your full-time, primary home; subletting is often restricted. : The city's official portal for both rental
Buying affordable housing in New York City is possible primarily through specialized programs designed to create permanent homeownership for low-to-middle-income residents. These opportunities typically involve lottery systems and specific financial structures like Housing Development Fund Corporation (HDFC) co-ops. Primary Methods to Buy Affordable Housing : You must intend to live in the
: The official site for current and upcoming city-sponsored housing lotteries.
: 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.