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… 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 …
… in one of the citys rare affordable 8020 rentals often when you look into a buildings income requirements and rents … this city and theyd still need help finding housing This is whats known as middleincome housing geared … The problem is that thats based on your gross income or what you make before taxes says MeierZimbler who notes that …
