What exactly is the 'AMI' that's used to determine affordable housing rents?

… If youve ever entered New York Citys affordable housing lottery youve probably read one key term … or AMI defines the median incomes for households of different sizes within a certain geography The Department of … units For example 60 percent of the incomerestricted apartments built under the citys 421a program between 2017 …

By Celia Young |October 22, 2024 - 9:30AM
Here's how incomes—and rents—are REALLY calculated in NYC's affordable housing

… While many New Yorkers are clamoring for a spot in one of the citys rare affordable 8020 rentals often when you look into a buildings incomefor taking on lowincome renters or offer up stabilized apartments to wealthier renters able to pay much higher …

By Virginia K. Smith |September 15, 2016 - 8:59AM