How to use this page
1️⃣ Pick the resources that fit your situation with the help of a HUD-approved housing couselor.
2️⃣ Create free accounts on the sites listed.
3️⃣ Set up email alerts so you don’t miss openings.
4️⃣ Area Median Income (AMI) is the middle income for the community: Programs use it to set income limits. Check yours against this official NYC AMI Chart.
5️⃣ Have proof of income, assets, and household members ready. You may have only a few days to submit if selected.
6️⃣ Processing can take many months. Apply to multiple programs to improve your chances.
Resources
1) NYC Affordable Home Lotteries 🎟️
Make a free account, choose “Homeownership,” and apply for new affordable homes as they’re posted. NYC residents get preference, though all can apply.
Why check: Most new affordable homes in NYC are listed here first.
🔗 NYC Housing Connect
2) Mitchell-Lama Co-ops 🏢
Join two special waiting lists for co-ops sold below market price, with resale price caps to keep them affordable. Lists open only occasionally and waits can be long, so check regularly.
Why check: Offers below-market prices with long-term affordability rules.
🔗 NYC Mitchell-Lama Connect (HPD)
🔗 New York State Division of Housing and Community Renewal
3) HDFC and Below-Market Co-ops 💵
Housing Development Fund Corporation (HDFC) co-ops are also sold at below-market prices and are income-restricted
Why check: Lower cost co-op apartments with income restrictions but no resale price caps.
🔗NYC Income Restricted Listings | StreetEasy
🔗UHAB (Urban Homesteading Assistance Board)
🔗Brokers who specialize in HDFC co-ops (e.g., HDFCBroker, CityRealty)
🔗NYC Housing Connect lotteries sometimes include HDFCs
4) Fixer-Uppers (Sweat Equity) 🛠️
Buy a home by helping to build it through Habitat’s partnership programs or buy a fixer-upper directly
Why check: Sweat equity can reduce costs and build community.
🔗 Habitat for Humanity
🔗 Search real estate sites like Zillow for fixer-uppers.
5) Multi-Family Homes 🏘️
Find 2–4 family homes which offer rental income opportunity.
Why check: Rent from extra units may cover some housing costs.
🔗Streeteasy Multi-Family NYC Buildings
6) Co-Buying 🤝
Team up with another, compatible buyer to afford more home together.
Why check: Splitting costs can make ownership possible in more neighborhoods.
🔗 Pairgap
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