What happens if someone vacates an apt they got from housing connect? (apartments)

[NomadGabZ]

Hi, everyone!
I have been trying to look for the answer but I guess I'll have more luck here. When someone leaves, does that apartment become available at the same rate or is it released at actual price? Ej: person vacated apartment they paid 900 a month for. Does the apartment become available for same price for someone to apply who meets the income requirement and where would I find out and how would I apply if so? or do they just release it as a 3k-a-month (hypothetical price) apartment, meaning the same as everyone else pays?

I totally missed out on the deadline for The Suffolk cuz my phone alarm didn't work and missed it by one day. I know it is unlikely for these apartment to become available ever again but I know of other buildings that have the configuration I am looking for. I don't lose anything by asking.

Thanks!

[Lani15]

Whoever is next in line is waitlist gets called.

[linamonroll]

Originally Posted by NomadGabZ

Hi, everyone!
I have been trying to look for the answer but I guess I'll have more luck here. When someone leaves, does that apartment become available at the same rate or is it released at actual price? Ej: person vacated apartment they paid 900 a month for. Does the apartment become available for same price for someone to apply who meets the income requirement and where would I find out and how would I apply if so? or do they just release it as a 3k-a-month (hypothetical price) apartment, meaning the same as everyone else pays?

I totally missed out on the deadline for The Suffolk cuz my phone alarm didn't work and missed it by one day. I know it is unlikely for these apartment to become available ever again but I know of other buildings that have the configuration I am looking for. I don't lose anything by asking.

Thanks!

The apartment becomes available at the original AMI, likely not the original rent unless it's been less than a year because AMIs change (usually go up) every year. Say someone lived there 10 years and then left, they would re-fill it at a rent as high as the current max for that AMI bracket which could be a decent increase in rent from the final rent of the prior tenant, depending on how fast AMI and RGB rents have risen since. They fill the available units from the original waitlist and then post waitlist lotteries once they exhaust the original waitlist.

[WildAboutHarry]

‘4-4 Re-Rentals and Resales‘, page 26 of the Handbook, available online. In some circumstances a mini lottery is used. Check your HC profile to be sure you have signed up for mini lotteries.

[WildAboutHarry]

There is absolutely no advantage to waiting until the last day to enter one of these HC2 lotteries. Or waiting for some special time to enter the lottery. If you like the lottery enter it right away so you don’t miss the deadline. Likewise, they don’t allow paper applications or online applications to have any advantage in the luck of the lottery.

Originally Posted by NomadGabZ

Hi, everyone!
I totally missed out on the deadline for The Suffolk cuz my phone alarm didn't work and missed it by one day. I know it is unlikely for these apartment to become available ever again but I know of other buildings that have the configuration I am looking for. I don't lose anything by asking.

Thanks!

[randomperson2]

”Say someone lived there 10 years and then left, they would re-fill it at a rent as high as the current max for that AMI bracket which could be a decent increase in rent from the final rent of the prior tenant, depending on how fast AMI and RGB rents have risen since.”

Most of these units are regular rent-stabilized units. That means that, as with other apartments, the rent will increase only in accordance with the prescribed RGB increases. It doesn't ”reset” when the unit turns over.

There are a few developments which are RS ”like” rather than actually RS for which there may be some other mechanism of setting successor rent.

[linamonroll]

Originally Posted by randomperson2

”Say someone lived there 10 years and then left, they would re-fill it at a rent as high as the current max for that AMI bracket which could be a decent increase in rent from the final rent of the prior tenant, depending on how fast AMI and RGB rents have risen since.”

Most of these units are regular rent-stabilized units. That means that, as with other apartments, the rent will increase only in accordance with the prescribed RGB increases. It doesn't ”reset” when the unit turns over.

There are a few developments which are RS ”like” rather than actually RS for which there may be some other mechanism of setting successor rent.

Interesting, this would be good for tenants I guess. So a new tenant would have to qualify under the current year income guidelines (almost definitely now significantly higher than the original tenant's income limit) but the rent would only have increased by the RGB's rates over that time and the rent could not be reset up to the new max rent at that AMI? Seems like the gap between income requirements and rent could grow quite large over time with the units getting relatively cheaper since AMIs have increased faster than rent guidelines, at least recently. Seems like an odd system.