New York City has invested significantly in affordable housing over the past decade, yet many units remain empty due to bureaucratic rules. Starting May 1, the Department of Housing Preservation and Development will allow building owners to circumvent lottery requirements for vacant apartments, enabling faster occupancy. This initiative responds to critiques about delays in filling affordable housing and aims to streamline the process for tenants seeking homes. While the change is temporary, it underscores efforts to address the ongoing housing crisis in the city.
Starting May 1, the city's Department of Housing Preservation and Development will lift lottery requirements for "re-rentals," allowing building owners to list the empty apartments on sites like StreetEasy.
The temporary policy change comes after an analysis from the New York Housing Conference policy group and a report by Gothamist detailing the delays that result in empty affordable apartments.
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