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Old 12-05-2020, 07:50 PM
 
110 posts, read 88,177 times
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Hi guys, as stated in title - is anyone aware of any rent discounts being offered to lottery apts? e.g. if X lotto was 130% at 2100 p/mth for a studio according to 2019 guidelines, now in 2020, with the pandemic, did anyone or HDC/HPD offered any changes to the same lottery rent adjustments at a discounted rate ? i know market apartments are being blown up with 3-5mths free etc. thank you.
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Old 12-06-2020, 09:21 PM
 
603 posts, read 599,947 times
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Yes, I got some emails from some affordable developments - lowering the affordable rates. I think some affordable buildings are having hard time filling the affordable apartments, and same for the market rate apts. So many ppl moved out of NYC or lost jobs.
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Old 12-07-2020, 07:41 AM
 
1,408 posts, read 2,033,370 times
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Don't believe they can or will reduce the base rent, but some filling apartments now, particularly at the 130-165% AMIs, are offering free months as an incentive.
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Old 12-08-2020, 01:18 PM
 
34 posts, read 42,169 times
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I was offered 2 months free on a 1 year lease or 3 months free on a 2 year lease
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