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Affordable Housing

Discover how affordable housing works in NYC, including income percentages, types of assistance programs like Section 8, and rent regulation laws to help you find a home within your budget.

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Affordable Housing

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  1. Affordable Housing • What is affordable housing?

  2. Affordable Housing • Housing that is affordable! • What does affordable mean? • What percent of your income is spent on rent? • 10%? • 30%? • 50%? • 70%?

  3. Affordable Housing • 10%? • 30%?- The US government says that affordable housing is any housing where families spend no more than 30% of their household income on • 50%? • 70%?

  4. Affordable Housing • Area Median Income – the middle of the income distribution in a particular area. For NYC, it is the five boroughs • $5,000,000 • $4,000,000 • $1,000,000 • $200,000 • $100,000 • $50,000 • $30,000 • $20,000 • $15,000 • $10,000 • $5,000 The current area median income in NYC for a family of four is $86,300.

  5. How to Find Affordable Housing Section 8 voucher Provides assistance to eligible low- and moderate-income families to rent housing in the private market. Eligibility for this program is based on a family's gross annual income and family size.

  6. How to Find Affordable Housing Where to get Section 8 voucher? New York City Housing Authority – NYCHA New York City Housing Preservation & Development – HPD New York State Homes and Community Renewal – HCR

  7. Types of Affordable Homes • NYCHA Public Housing – rental • Mitchell Lama – rental and cooperative housing • Private homes/buildings - rental

  8. Rent Regulation • Rent Control • Rent Stabilized

  9. Rent Regulation Rent Control Tenants are protected from rent increases and eviction without just cause. There are currently fewer than 40,000 rent controlled units in NYC.

  10. Rent Regulation Rent Stabilized A set of laws providing rent and eviction projections to 2.5 million tenants who live in privately owned apartment buildings in NYC and surrounding suburban counties. Rent can only increase a small percentage each year.

  11. Rent Regulation

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