Young singles are the big winners in NYC’s affordable housing lottery: report And developers are a key reason why
11 Broadway in Brooklyn (credit: L+M)
The city’s affordable housing lottery between 2013 and 2015 was more likely to be won by young singles, according to data released by the Department of Housing Preservation and Development. And many of those young whippersnappers have developers to thank.
More than half of the 48 housing lotteries for 1,470 available units across the city between January 2013 through to the end of 2015 were one-bedrooms and studios. Just over 40 percent of the winners in those lotteries were people aged 25 to 34, and half of those people were single, DNAinfo reported. The news website found that only 4 percent of the winners were over 62 years old. Just 11 percent were under the age of 25.