Affordable NYC Housing Success Story: Woman Saves Big with Lottery Win
New York City, known for its high cost of living, offers a ray of hope to residents struggling to find affordable housing through its housing lottery program. This program, administered by the Department of Housing Preservation and Development, aims to provide rent-stabilized apartments to individuals and families whose housing costs do not exceed 30 percent of their income. Under the city’s rent stabilization system, there are legal limitations on how much rent can be charged …