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I have an interview for affordable housing in Hamilton Heights at PS 186. I'm curious about what part of it makes it worth it.
Ive gotten a raise since applying last year now I'm just barely in the higher end of the bracket which means I'd probably be paying around 2300, more than market rate for any apartment in the neighnorhood. That would be a stress on my funds for sure.
Is there any benefit I'm overlooking to taking this affordable housing as opposed to renting at market rate in the same neighborhood for a few hundred dollars less?
I have an interview for affordable housing in Hamilton Heights at PS 186. I'm curious about what part of it makes it worth it.
Ive gotten a raise since applying last year now I'm just barely in the higher end of the bracket which means I'd probably be paying around 2300, more than market rate for any apartment in the neighnorhood. That would be a stress on my funds for sure.
Is there any benefit I'm overlooking to taking this affordable housing as opposed to renting at market rate in the same neighborhood for a few hundred dollars less?
Affordable housing has income limits. If you make 50k a year and the affordable housing limit is 35k for a 2 bedroom than you are in trouble my friend.
Affordable housing has income limits. If you make 50k a year and the affordable housing limit is 35k for a 2 bedroom than you are in trouble my friend.
I have an interview for affordable housing in Hamilton Heights at PS 186. I'm curious about what part of it makes it worth it.
Ive gotten a raise since applying last year now I'm just barely in the higher end of the bracket which means I'd probably be paying around 2300, more than market rate for any apartment in the neighnorhood. That would be a stress on my funds for sure.
Is there any benefit I'm overlooking to taking this affordable housing as opposed to renting at market rate in the same neighborhood for a few hundred dollars less?
Interview is just one part of the long process, and an early one at that. Unless you have something else better to do I'd continue with the process holding off making any decisions until an actual firm offer has been received.
If you can find a newly renovated, market rate apartment in a building offering the same amenities as PS 186, then go for it. However the beauty of these "affordable" lottery units is they fall under RS at least for a certain period. That means rent increases are set by the City and other protections lacking with market rate housing. Even if you got one of these units and decided to move a year or so later nothing is stopping you, long as proper notice is given.
You would be getting NEW which, to most people, confers a premium. The area market rent may be for older apartments, perhaps without a dishwasher, W/D, etc.
You have to compare apples with apples.
But yeah, I see some of the higher priced "affordables" as a bit overpriced too.
I have an interview for affordable housing in Hamilton Heights at PS 186. I'm curious about what part of it makes it worth it.
Ive gotten a raise since applying last year now I'm just barely in the higher end of the bracket which means I'd probably be paying around 2300, more than market rate for any apartment in the neighnorhood. That would be a stress on my funds for sure.
Is there any benefit I'm overlooking to taking this affordable housing as opposed to renting at market rate in the same neighborhood for a few hundred dollars less?
I agree. The bracket I fall into and the salary I make would make me rent burdened, which is exactly what these programs are made to alleviate, I thought. Weird system. Are developers using middle income affordable housing to satisfy greed?
Why would anyone want to live in NYC at that income? Even with free housing, everything else around cost 2 legs and a nose unless you go to certain area and shop street market stuff. You'll see well to do folks everywhere but you're looking at them from a window because your income limits your choices.
Why would anyone want to live in NYC at that income? Even with free housing, everything else around cost 2 legs and a nose unless you go to certain area and shop street market stuff. You'll see well to do folks everywhere but you're looking at them from a window because your income limits your choices.
Oh please stop with this. I lived in NYC all my adult life on a low income and I have a great life and am able to do many things.
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