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This is what I was told when I called and asked about my offer, but who knows I could be wrong. Also it makes sense if you follow this thread from the start. It was also stated on the website in the Q&A section. Again, I do not work at Stuytown, I just asked a good amount of questions when I was given an offer.
This makes sense and also follows HDC guidelines. I remember reading that they need to offer you the apartment with the lowest rent available when they reach your number.
This makes sense and also follows HDC guidelines. I remember reading that they need to offer you the apartment with the lowest rent available when they reach your number.
My offer was lower than others with lower log numbers. I believe someone stated their log was <200 and their offer was $1800 my offer was lower and my friends offer was lower at $1700 (log in the high 800s).
What I was told it’s based on previous rent (it’ll be listed on your lease) which was determined by location of the unit. The rent increase was determined by the amount $ spent for renovations on the particular unit. Which a summary was also listed on your lease. They also stated you can request an itemized receipt/invoice so you see can see exactly what they spent $ on for your units renovations.
I googled one of the older news articles (for 2016, I think) and they mentioned studios at $1200, so...I assumed it was those ”newer” ones. I know ST wasn't built with them originally, presumably because they expected everyone to start pushing out babies.
Either way, there were (somewhat) cheaper options in the lotteries aimed at the 60-80% AMIs than in this one. Whether even those were affordable...well, that's the great controversy of these programs.
I don't see how rents could be based on location. Rent-stabilized rents are based on what the previous occupant was paying. In apartments that had a lot of turnover, a 20% vacancy increase was applied under the old law for each new tenant. This helped bring ST rents up to the stratosphere (although it was only one of many stratagems the landlord used to boost rents).
It stands to reason there was more turnover in the less desirable locations because tenants didn't want to stay. So to me the less desirable locations should be more expensive, not less!
Plus, a resident who chose the rewiring in 1993 in order to get AC has added hundreds to dollars to the rent every month over time because of that MCI (major capital improvement). That wouldn't depend on location either.
Add this to the list of mysteries about this lottery!
Last edited by macnyc2003; 10-01-2021 at 10:13 AM..
I don't see how rents could be based on location. Rent-stabilized rents are based on what the previous occupant was paying. In apartments that had a lot of turnover, a 20% vacancy increase was applied under the old law for each new tenant. This helped bring ST rents up to the stratosphere.
It stands to reason there was more turnover in the less desirable locations because tenants didn't want to stay. So to me the less desirable locations should be more expensive, not less!
Add this to the list of mysteries about this lottery!
“What I was told it’s based on *previous* rent (it’ll be listed on your lease) which *was* determined by location of the unit.”
What was explained to me is an apartment RS at avenue C loop is more likely to be less than an apartment RS at 1st Avenue loop. Including renovations factors (age of apartment etc). Your increase from the previous rent is determined by the most recent renovations which they give you the $ amount for each room in your lease. From this thread we are seeing that play out.
Like I mentioned my specialist was top notch and seemed super knowledgeable my app was completed in a little less than 3weeks. But maybe he was misleading info.
My offer was lower than others with lower log numbers. I believe someone stated their log was <200 and their offer was $1800 my offer was lower and my friends offer was lower at $1700 (log in the high 800s).
What I was told it’s based on previous rent (it’ll be listed on your lease) which was determined by location of the unit. The rent increase was determined by the amount $ spent for renovations on the particular unit. Which a summary was also listed on your lease. They also stated you can request an itemized receipt/invoice so you see can see exactly what they spent $ on for your units renovations.
Maybe they were going for two bedrooms but it is all speculation. Who knows how these lotteries are monitored. So far it seems like lower prices went to lower log number (1,2, and 3 bedrooms respectively). Even indviduals who had to submit documents multiple times had their "units" on hold with rents lower than other offers, but again, we really have no idea how this lotto is being ran.
Maybe they were going for two bedrooms but it is all speculation. Who knows how these lotteries are monitored. So far it seems like lower prices went to lower log number (1,2, and 3 bedrooms respectively). Even indviduals who had to submit documents multiple times had their "units" on hold with rents lower than other offers, but again, we really have no idea how this lotto is being ran.
I don't think that last part is true. I had a <200 log, went on hold, and got a ~$1,700 rent offer this Monday (closer to $1,800 after AC fee). Ave C for what it's worth.
Maybe they were going for two bedrooms but it is all speculation. Who knows how these lotteries are monitored. So far it seems like lower prices went to lower log number (1,2, and 3 bedrooms respectively). Even indviduals who had to submit documents multiple times had their "units" on hold with rents lower than other offers, but again, we really have no idea how this lotto is being ran.
They were 1bedrooms just go about 10-15 pages back and work your way up. I’ve been assessing since my friend received her offer $1700 for a 1 bedroom with a $42k salary. I asked my specialist a ton of questions based off her experience. They are working from home so we were on the phone for nearly 30mins. From this thread there’s only been 1 person with a lower log number that has received lower offer (for a 1bedroom) than $1700. Data orientated. But who knows with all the other applicants who don’t have accounts with citydata.
Nycwalker, what happened to your friend who was offered the $1,700 apartment? It boggles my mind that the person was offered something clearly not affordable. Did she or he accept it anyway?
Nycwalker, what happened to your friend who was offered the $1,700 apartment? It boggles my mind that the person was offered something clearly not affordable. Did she or he accept it anyway?
She accepted it but for the one year lease instead of two. I was equally confused that’s why I tried to ask my specialist so many questions for her. Especially since HDC still has not gotten back to her about this lottery. HPD agent was shocked as well. She said she will be able to make the rent but with all other expenses she’ll be putting barely anything in her savings. Her current living situation is extremely bad so I’m just trying to help her find a better job in the new year.
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