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A housing lottery for luxury rentals, buildings off-limits to lenders, & more

Published April 14, 2023 (almost 3 years ago) · Updated 3 months ago
Busy intersections along 3rd Avenue are crowded with crowds of people and cars during rush hour traffic in the East Village neighborhood of Manhattan
This week, Brick Underground readers were very interested in a new housing lottery in Williamsburg that gives renters a chance of landing a rent-stabilized apartment in a new, luxury building. Each week Brick highlights a different housing lottery and provides resources on how to navigate the housing lottery.
Also of interest: There’s a list of New York City co-op and condo buildings in which you can’t get a conforming loan, but the list is not public. It’s only available to Fannie Mae lender partners. If you’re using financing and trying to buy in one of these building and don't have a funding contingency, you risk losing your 10 percent deposit. Ouch.
Here are this week's top five posts:
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