Housing Lottery coming soon. Register below for updates.
If you earn between $58,149 and $192,400, you could save up to $15K a year on a new apartment at The Lois, an amenity-rich building on the border of PLG and East Flatbush
Fifty lucky households will be selected through a lottery to secure rent-stabilized affordable apartments at restricted middle income prices. The lottery is run in cooperation with The Lois, the NYC Department of Housing Preservation and Development, and Lisa Management.
The Lois is a new 250-unit building on Clarkson Avenue between Nostrand and New York Avenues. The first residents moved in this summer. Thirty percent of the units have been reserved for middle income residents, which means the monthly rent is affordable to middle income households and those households must qualify at the outset. To apply for these units, applicants have to enter a housing lottery administered by NYC Department of Housing Preservation and Development.
RentSmart is housing that is affordable to middle or moderate-income households. The RentSmart apartments at The Lois are affordable to households who earn 100-130% of AMI. AMI is the Area Median Income which is determined federally by the U.S. Department of Housing and Urban Development and incorporates the NYC metropolitan area. This is the metric used by the City of New York for all affordable housing programs.
Everyone who is within the income brackets! If your household income and size are within the range on the chart above you could qualify. If your income is above the maximum, please click here to take a look at market rate apartments at The Lois. If your income is below the minimum, take a look at NYC Housing Connect to see what housing opportunities could apply to you.
A household is everyone who will be living with you in the apartment. To be a household, the applicants have to show that they are financially interdependent, as indicated by current leases or utility records demonstrating a shared address, or documentation, such as bank accounts, demonstrating shared assets.
Saving on rent! The apartments in The Lois Lottery have preset, reduced rents that can save you up to $15,000 on rent every year. In addition to the savings, your apartment will also be rent stabilized, which means that your rent can only increase by fixed amount determined each year by the Rent Guidelines Board.
Yes! Enter your contact information above and we’ll email you about open houses at the building.
Absolutely! The Lois has excellent amenities including an attended lobby with package storage, children’s playroom including an outdoor space, fitness center, yoga/meditation space, furnished indoor residents lounge, game room, private storage*, bike room*, covered and uncovered parking spaces*, rooftop gardening plots* and furnished common roof deck complete with grilling station, seating for dining al fresco, lounging and sunning (*additional fees apply).
The apartments available through the lottery are exactly the same as the market rate apartments. They come with the same finishes and amenities as the market rate apartments including hardwood floors, energy efficient stainless steel appliances, in-home washer/dryer, individual climate control and more. For more on the apartment features, please click here.
Definitely! If you qualify, you have the chance to save up to $15,000 a year on an apartment in a new, amenity-rich luxury building. There are no application fees, so there is nothing to lose! There is no guarantee you will be called, but there is also no risk in applying.
It’s impossible to say the odds of winning until the lottery is concluded because we don’t know how many applicants will enter. As the saying goes “you have to be in it, to win it!!”
You can apply in one of two ways.
1. Go to NYC HousingConnect and submit your application electronically. You will have to create a profile first.
2. Request a paper application by mail. Send a self-addressed envelope to: The Lois, c/o Lisa Management 826 Broadway, 11th Floor New York, NY 10003
**Important: DO NOT SUBMIT MORE THAN ONE APPLICATION. This will disqualify you.
Once the deadline date is reached and we begin processing the applications it can take anywhere from 2 – 10 months. Yes, that appears to be a long time, but you have nothing to lose and a great, rent-stabilized apartment to gain if you’re selected.
Yes. This is a new program offered through Mayor Bill de Blasio and the NYC Department of Housing Preservation and Development. Moderate Income families have also been priced out of the market, so this new program was developed to target moderate income households. As long as your combined income is within the income range and matching household size stated in the Affordability chart then you have the possibility to qualify. The common rule of thumb is for housing to be affordable, households should spend no more than one-third of their income on rent and utilities.
Once you have been contacted, provide the requested documents, appear to be eligible and HPD approves your file, you can move in. The apartments are ready!
You can stay in your apartment as long as you wish, provided you abide by the terms of your lease. Your rent will not be increased based on your income, only based on what the Rent Guidelines Board determines each year. There are no annual income recertifications, so you only need to qualify for the apartment once.