Affordable Marketing

We Market your affordable Units

Reside New York is an approved NYC HPD affordable Marketing Agency for new buildings that benefit from the 421a program.

For Developers

Reside New York services developers as Marketing Agents for the 421-a Tax Exemption Program. We market the affordable housing units to eligible applicants and walk developers through the entire marketing process start to finish.

For Applicants

Reside New York will walk the applicant through the entire process of opening an account, registering with the housing department, and finally selecting and applying for the apartment of their choice, in the neighborhood of their choice.

What makes us stand out?

For Applicants

Support Throughout The Entire Process

Reside New York will support you throughout the entire application process. Once approved, we will assist you in entering the affordable housing and thereafter follow through up until you find the apartment that is suitable to your needs.

Large selection of Affordable Units

Our updated listing site simplifies the affordable housing browsing process. Applicants can locate all pertinent information for each project, they may search listings that are currently open for application, or prepare to apply by browsing upcoming projects.

We Assist Middle Income Earners

At Reside New York our goal is to assist middle income earners in applying and obtaining affordable housing through the Affordable Housing Program. Unlike in the past, projects for Affordable Housing are well constructed, beautifully developed and located in respectable neighborhoods.

Monitoring

The Monitoring Department will forward the rent roll of your affordable units to the HPD on a quarterly basis. In the event of a vacancy, we will lease the unit up again.

For developers

Asset Management

Asset management is required to be filed annually. It confirms that you are in compliance with all lease-related rules.

We ensure Affordable housing compliance

Affordable housing compliance measures are put in place to ensure that affordable housing units are used appropriately and benefit eligible individuals or families who meet specific income criteria. Reside New York will help developers ensure that all regulatory requirements are fulfilled.

Three Simple Steps To Enter An Affordable Apartment Lottery

The lottery program in New York housing refers to the process of allocating affordable housing units to eligible applicants. It involves submitting applications, random selection, eligibility screening, and verification. It’s a fair method used due to high demand and limited availability. Interested individuals can check websites like NYC Housing Connect or the New York HCR website for ongoing lotteries.

Determine Your Eligibility

An applicant’s eligibility is determined according to his/her annual income and household size. The allowed annual income range varies per the specifications for each project. See the criteria for an individual project.

Check Your Eligibility

Create Housing Connect Account

The Affordable Marketing lotteries are conducted by the New York City Housing Preservation Development (HPD). create an account with HPD’s “Housing Connect” website to enter a lottery.

Create your Housing Connect Account

Apply Through Housing Connect

Once your account is set up with Housing Connect you can easily apply to your desired apartment.

Apply for your Apartment

How does the NYC Affordable Lottery Work?

So you’ve applied! What happens next? Your application will be randomized along with all the other applications and assigned a log number. Starting with the lowest log number, the developer will begin the process of reviewing applications.

It is quite common for developers to select preferential applicants i.e.: disabled persons, municipal employees and/or residents currently residing within the development’s community board district. Otherwise, the lottery is performed in a fair manner, giving all applicants an equal chance of winning.

If your log number is low, you are more likely to hear from a developer if you are qualified. The process may take anywhere between 2 and 10 months.