A couple's dream of homeownership came true when they won the NYC housing lottery and purchased a two-family house in Brooklyn for a significantly discounted price. The couple had lived in public housing for over two decades and entered the lottery seeking a chance to own their own home.
A couple won the NYC housing lottery and bought a two-family house in Brooklyn worth $1.1 million for $690,000—take a look inside. The couple had lived in New York City's public housing for over 20 years when Orr entered the city's housing lottery . 'I applied for the homeownership aspect because I was already renting and didn't want to leave an apartment for another apartment,' Orr tells CNBC Make It.
Since 2015, the Small Homes Rehab-NYCHA Program has facilitated the purchase, rehabilitation and sale of FHA-foreclosed homes under NYCHA's ownership to first-time homeowners. When Orr and Lashley first saw the home, it was undergoing extensive renovations. Less than two months later, Orr received an email request to submit a list of required documents, including pay stubs and bank account information for everyone in the household. They had just two weeks. After submitting the application, the couple viewed two homes: a three-family house and a two-family house, both in the Clinton Hill neighborhood of Brooklyn.Orr was very familiar with Clinton Hill. In the early 2000s, she worked at a Blockbuster in the area and remembers telling people back then that she would live nearby someday. 'When I first got the job I remember looking around and saying 'I really love this neighborhood and I want to live here,'' Orr says.'At that time I had no perspective of owning anything. I was a high school dropout, a teen mom living in the projects and working at Blockbuster, making minimum wage at the time. I didn't know how I was going to do that but I just knew it was going to happen for me. It's surreal that I live here now.'The two-family house had been gut-renovated and was made up of two units. On the second floor was a one-bedroom, one-bathroom apartment, and on the first floor was a three-bedroom, one-and-a-half-bathroom apartment
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Couple Wins NYC Housing Lottery, Buys $1.1 Million Brooklyn House for $690,000A New York City couple won the housing lottery and purchased a two-family house in Brooklyn for a significantly reduced price. The house, originally valued at $1.1 million, was acquired for $690,000 through the Small Homes Rehab-NYCHA Program.
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Couple Wins NYC Housing Lottery, Buys $1.1 Million Home for $690,000A couple who lived in New York City's public housing for over 20 years won the city's housing lottery and purchased a $1.1 million two-family house in Brooklyn for just $690,000 through the Small Homes Rehab-NYCHA Program.
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Couple Wins NYC Housing Lottery, Buys $1.1 Million House for $690,000A couple who lived in New York City's public housing for over 20 years won the city's housing lottery and purchased a two-family house in Brooklyn for a fraction of its market value. The Small Homes Rehab-NYCHA Program facilitated the purchase, rehabilitation, and sale of the FHA-foreclosed home to first-time homeowners. The couple, Orr and Lashley, had their eye on the Clinton Hill neighborhood for years before their successful application.
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