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108 applicants will be selected through a lottery to lease rent stabilized units that are rent restricted. The lottery is run in cooperation with Brookfield Properties, the NYC Department of Housing Preservation and Development, and the non-profit Settlement Housing Fund, Inc.
Yeah, the base rent is way high for the bracket, so this would be a no go for me as well (if I wasn't already moving). I am sure though that as long as current conditions continue they'll be throwing in some free months as every place else emailing me is offering them.
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