And why not? Apartments for rent in glitzy, high-end apartment buildings for way less than market rates sounds like part of an urban legend, but they’re totally real.Ĩ0/20 buildings are those built by developers who have received tax breaks from the New York State HFA (Housing Finance Agency) 20 percent of the units in these multifamily buildings are set aside for low-income and working-class residents. Thousands upon thousands of people apply to the 80/20 programs in NYC as soon as they pop up on the market. It’s akin to winning the actual lottery: media reports show time and again that scoring an apartment in the NYC housing lottery would be a dream come true to millions of New Yorkers.