Immediate Savings on Rent

We will start accepting application through NYC Housing Connect website from July 7^th, 2022 to September 8^th, 2022. Please note that you would have to create an account in order to submit an application.

There is no application fee. However, there may be non-refundable credit check fee.

For assistance, please send a message to 262@residenewyork.com or call 929-547-0063. You can also visit https://housingconnect.nyc.gov/PublicWeb/faq.

The wait period depends on the log number assigned by the Agency. The lower the log number the sooner it will be reached for further processing. If your log number was reached you will receive a notification for further processing.

Please note the wait time also depends on the availability of the units. If all units were leased up before your number is reached you will be notified.

Please refer to your Housing Connect profile to check the status of your application. Affordable housing applications are selected for review through a lottery process. If your number comes up in the lottery and your application appears to qualify, you will be invited to submit paperwork.

The best way to submit your documents is through the Housing Connects portal. Other options are also available. More information can be found here.

Per HPD guidelines, income from all sources from anyone over the age of 18 in your household would be taken into consideration including wages, bonuses, tips, unemployment compensation, alimony, child support, pension benefits, Social Security benefits, recurring gifts and public assistance.

There are 3 main types of income:

• Income from employment: Money you paid by an employer. This includes tips, bonuses, overtime, and other kinds of pay. If you receive a W-2 tax form, that money is income from employment. On the application, include the amount before taxes or other money is taken out (gross income).
• Income from self-employment: All of the money you receive in a year from working for yourself, freelancing, or being an independent contractor. On the application, include the amount after taking out business expenses and other deductions (net income).
• Income from other sources: All of the money you receive in a year that is paid on a regular basis, but not from working. For example, child support, social security, unemployment insurance, or interest payments. On the application, include income from other sources only if you receive it on a regular basis (weekly, monthly, yearly, etc.).

Income will be calculated using gross annual income (gross income is the income you receive before any taxes or deductions). See instructions on quickly calculate your annual income:

• You need to identify all of your income sources. Any income from employment, self-employment and other sources like social security should be included.
• Then, if you are getting paid on an hourly, weekly, monthly schedule, you need to total your income to an annual income.
• If you are self-employed, you should subtract any business expenses from your total self-employed income.
• If you have income from other sources on a regular basis, project the amount you would receive in a full year.

Add all your income for your total annual income. When you are selected, be prepared to show relevant documents as proof of your income. For more information on how income is calculated, please see the “Applicant Income Guide” from HPD’s website. Calculations is based on HPD’s guidelines.

Please see the income requirements table.

Applicants with HPD section 8 and or EHV vouchers might qualify as well, regardless of income.

If your income is episodic or fluctuating, you should make an informed projection of your annual income on the application, based on your past earning patterns and any guaranteed future income. It is critical to have documentation of all your income for the previous 3 years, the current year, and any documentation you have regarding future income (such as signed contracts for employment or services). Tax returns are valuable as evidence of your past income, along with all your W-2s, 1099s, K1s, and documentation of cash income (such as bank statements showing deposits), contracts, or letters from employers.

Yes, as long as the household meets all income and eligibility requirements. Note, student loans/grants are not considered income.

You are only required to qualify at move-in, and thereafter, you do not need to requalify your income.

No member of the applicant‘s household may own residential property, including shares in a co-op, in or within one hundred (100) miles of New York City limits.

Yes, the asset limit is based on 130% AMI, for a household size of 4. Please see Asset Inclusions and Exclusions sheet.

Tenant is responsible for electricity including electric stove. Tenets will have a direct meter with ConEdison.

Yes, there is a separate fee to use the amenities.  Charges vary based on the specific amenity.

Pets and service animals are allowed. There is a pet deposit fee of $250.

As long as you can provide proof of interdependency which includes either joint bank account, joint utility bill, joint lease, and joint tax return.

Want to learn what to expect after your application was selected? Check out the NYC Housing Connect Guide “After You Apply For Affordable Housing”.

Be prepared to present copies of recent years’ federal tax returns, recent paystubs, and copies of financial statements. For more information on documentation requirements, please see the “After You Apply” section on HPD’s website.

Yes! Once your application is selected for further processing and is deemed to be eligible you will have an opportunity to tour the unit.