NYC Makes Affordable Housing Lottery Process Easier for Homeless After Lowering Credit Score Bar
The city has revamped its affordable housing lottery process to help give homeless applicants a leg up, and also added new rules that ban denying any application over bad credit.
Officials are allowing homeless applicants to be considered with a credit score as low as 500 without further financial review. General applicants must score 580 or above to avoid the review.
Homeless applicants, unlike other would-be renters, can also be considered for placement even if they have filed for bankruptcy two years prior to applying.Read more