80/20

… probably read one key term over and over again area median income But what does that actually mean In short area median … or AMI defines the median incomes for households of different sizes within a certain geography The Department of … citys affordable housing lottery In New York City AMI is based on income data for the five boroughs plus Putnam …

… pay whatever I need to even if it doesnt make any sense But apartments that are priced appropriately weve been able to … that are located on Fifth Avenue between 60th and 55th or 54th its just a mess of traffic says Stephen … units and for lower income levels The set income levels for subsidized rentals in 8020 buildings are based on a metric …

… for a spot in one of the citys rare affordable 8020 rentals often when you look into a buildings income requirements and rents theres an inevitable followup … Housing Development Corporation  HDC However that figure is based on data from the larger New York metro area which …