These affordable apartments on the Upper West Side, starting at $173,801, highlight the dire housing crisis in New York City, with applications surpassing 10,000 before the deadline.
The city has seen its biggest housing shortage in over 50 years, prompting the sale of studio and one-bedroom units via lottery to meet overwhelming demand.
Mayor Eric Adams is actively pushing for residential construction, leveraging rezoning efforts to create 7,000 new homes in the Bronx amidst rising rents and an influx of new residents.
The lottery system for affordable housing allows low-income New Yorkers a chance to secure homes, with the recent Upper West Side offering proving that demand far exceeds supply.
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