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Affordable Housing Marketing Guideline Change: Homeless Referrals Replace the Right to Remarket Unrented Affordable Units

A recent update to the New York City Department of Housing Preservation and Development (“HPD”) Marketing Handbook allows HPD to fill any affordable housing units that have not been leased-up through the initial lottery process with homeless shelter referrals (“Unrented Affordable Units”). This guideline change repeals the right that was previously available to developers to