Q&A
Application statistics for homeownership opportunities
0:37:08
·
53 sec
Deputy Commissioner Kim Darga provides statistics on applications for homeownership opportunities through HPD programs.
- Approximately 350 applications received per homeownership unit
- Since 2020, about 228,000 applications have been received for homeownership opportunities
- For comparison, rental housing receives about 450 applications per unit
Adrienne E. Adams
0:37:08
Yeah.
0:37:09
And how many households have applied to the program via lottery since its implementation?
Kim Darga
0:37:17
So I don't have the breakdown specifically for Opendoor, but we know that for home ownership opportunities, which could also include the affordable neighborhood cooperative program.
0:37:29
We get approximately 350 applications per unit, and we have placed I think we have in since 2020, so in the last 4 years, received approximately 228,000 application rooms.
0:37:51
For comparison purposes, for rental housing, we receive about 450 applications per unit.
0:37:58
Certainly, there's a lot larger volume of what we produced in that space.
