Changes to the NYC affordable housing lottery, study looks at burden on renters, & more

By Donna M. Airoldi | June 20, 2018 - 11:00AM

New York City unveiled changes to the affordable housing lottery that aim to make the process easier and more inclusive (Curbed)

Nearly one third of American households pay more than 30 percent of their income on housing, according to a new Harvard study, far less than the 60 percent New Yorkers typically pay (MarketWatch)

Long Island City residents at Citylights, a 522-apartment middle-income building, are facing a sharp spike in tax assessments just as their 20-year tax abatement is coming to an end (The Real Deal via Politico)

Harlem’s The Rennie, a 130-unit condo building with 20 percent of apartments set aside as affordable housing, is about to launch sales (Real Estate Weekly)

A former Williamsburg soap factory being converted into 45 condos has unveiled a new set of renderings (Curbed)

This beautiful vintage-filled Victorian in Jersey City is owned by the team behind Brooklyn’s Dobbin St. Co-op (Apartment Therapy)

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