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Any information on this? Received an email stating that there are no more available units in my AMI Range.
Wondering if I should give up all hope , or is landing one of these apartments in my far future?
Any information on this? Received an email stating that there are no more available units in my AMI Range.
Wondering if I should give up all hope , or is landing one of these apartments in my far future?
Email means what it says; there are no more available units for whatever was chosen. End of story unless something about a wait list was mentioned.
There is always hope units will open up in future, but since RS units are rather like NYCHA (people only leave feet first in a box), don't count on very high turnover to open up units. More so since newly passed rent control laws make it exceedingly more difficult (along with time consuming and expensive) to remove rent controlled/stabilized tenants in all but the most egregious situations.
Best persons like can hope for is a dramatic downturn in NYC economy that throws people out of work. Longer that goes on sooner or later it begins to affect a good number of RS tenants who either move out of their own free will (cannot afford to pay rent), or are (finally) evicted after prolonged battle of non-payment court cases.
Did they say anything about a waiting list? Did you hand in documents?
Went on an interview in July, handed in documents, email stated that there are no more available units, that the application will remain on the lottery log and they will contact me "when & if" they reach my log number for any available units
Email means what it says; there are no more available units for whatever was chosen. End of story unless something about a wait list was mentioned.
There is always hope units will open up in future, but since RS units are rather like NYCHA (people only leave feet first in a box), don't count on very high turnover to open up units. More so since newly passed rent control laws make it exceedingly more difficult (along with time consuming and expensive) to remove rent controlled/stabilized tenants in all but the most egregious situations.
Best persons like can hope for is a dramatic downturn in NYC economy that throws people out of work. Longer that goes on sooner or later it begins to affect a good number of RS tenants who either move out of their own free will (cannot afford to pay rent), or are (finally) evicted after prolonged battle of non-payment court cases.
They did not use the term wait listed, but said my application will remain on file
Well, that’s pretty self explanatory. But strange things do happen. It could be that some of the units promised to other people fall through at the last minute. You still may get called at some point.
Email means what it says; there are no more available units for whatever was chosen. End of story unless something about a wait list was mentioned.
There is always hope units will open up in future, but since RS units are rather like NYCHA (people only leave feet first in a box), don't count on very high turnover to open up units. More so since newly passed rent control laws make it exceedingly more difficult (along with time consuming and expensive) to remove rent controlled/stabilized tenants in all but the most egregious situations.
Best persons like can hope for is a dramatic downturn in NYC economy that throws people out of work. Longer that goes on sooner or later it begins to affect a good number of RS tenants who either move out of their own free will (cannot afford to pay rent), or are (finally) evicted after prolonged battle of non-payment court cases.
Even if tenants move out, there is no guarantee that the units will be available for rent. After the new rent regulations laws went into effect Stuy Town and Peter Cooper village completely halted any renting of available units. There are currently 50+ RS apartments just in Stuy Town that are sitting empty with landlord (Blackstone) refusing to rent them out. They also halted all apartment renovations due to new MCI caps. Several major landlords like Katz and Forest Realty are currently suing NYC in federal courts over the rent laws, and if the landlords were to lose, I think a lot more of them will completely halt any new tenants from renting their apartments and exit J-51 and other such programs.
Most major landlords are in the process of re-evaluating their portfolios and some major housing developers such as Extell and JDS are thinking of downsizing or completely exiting NYC real estate market. Extell shifted their $$$ to new Dallas properties and JDS is diverting their $$$ from NYC to Florida.
With the new law allowing illegals and people with poor credit to apply, the odds of landing a lotto apartment went way down. I’d look into other options.
Also with the new rent stabilization laws on the books, I doubt anyone with a RS apartment will be moving anytime soon, making the market even tighter.
I’m just waiting for the mayor to announce that illegals will get preference in lotto apartments. Would not surprise me at all.
It’s rough out there. Good luck!
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