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

… probably read one key term over and over again area median income But what does that actually mean In short area median … that give tax breaks to developers who reserve units for lowerincome renters For example the states low income tax … 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
2017 real estate forecast: The Trump effect, concessions-mania, Bronx hype, the battle for the BQX, and more

… 2016 was a wild ride to put it gently And lets rip this BandAid now 2017 isnt … effect may be overblown I dont see anyone running for the doors he adds The city is doing a reasonable job of … years adds Maundrell I think theres a great opportunity to live in neighborhoods that have a lot of residential …

By Virginia K. Smith |January 2, 2017 - 11:55AM
Here's how incomes—and rents—are REALLY calculated in NYC's affordable housing

… 8020 rentals often when you look into a buildings income requirements and rents theres an inevitable followup question Who can really afford this affordable housing … for 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