Vacant Affordable Apartments to Now Skip Lottery and Be Filled on First-Come, First-Served Basis

Publication: The City

Wavecrest Management, a large management company that oversees affordable buildings in the city, said their vacant apartments subject to the onerous requirements of the mini-lottery sit empty for 84 days on average, compared to 43 days for apartments available on a first-come, first-serve basis.

“Every day that an affordable apartment sits empty because of a complicated vetting process is a disservice to New Yorkers in need,” said Christina Harsch, Wavecrest’s director of leasing and compliance.

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