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

affordable housing lottery youve probably read one key term over and over again area median income But what does that actually mean In short area median income or AMI defines the median incomes … options based on the size of the project For example large rental projects with 100 or more units receive a 35year tax …

By Celia Young |October 22, 2024 - 9:30AM