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NYC Department of Housing Preservation & Development


With some of the lowest vacancy rates in the nation, New York City’s market for purchasing a townhome, co-op, or condo remains extremely tight. It can take persistence to find one within your budget. With this in mind, we have compiled lists of City-sponsored homeownership developments that are currently accepting applications and a number of links to Internet sites to assist tenants in their search. This site is not intended to be comprehensive, but we hope that you will find the information presented here useful as a starting point for finding affordable housing.

HPD's Guide to Homeownership in New York City logoThinking of becoming a first time homebuyer? From deciding on a neighborhood in New York City to figuring out how much you can afford to pay and how to get the best deal on your mortgage, HPD's Guide to Homeownership in New York City will help you through the homebuying process.

HPD's Guide to Homeownership in New York City

Open Housing Lotteries

HPD does not sell townhomes, co-ops, or condos. HPD works with real estate professionals and community sponsors who market them. We require that City-subsidized homes be sold through an Open Lottery system to ensure fair and equitable distribution of housing to eligible applicants.

In order to participate in a lottery, you will have to contact the respective building managers, community sponsors and/or real estate professionals directly to fill out an application and enter it in a housing lottery. There are no brokers’ fees and no application fees.

Find out about current housing lotteries 


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