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

… units For example 60 percent of the incomerestricted apartments built under the citys 421a program between 2017 … at those units are capped as opposed to marketrate apartments where landlords can raise rents as much as they … elected officials can choose to prioritize more affordable apartments  AMI serves as the boundaries of what youre …

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

… for a spot in one of the citys rare affordable 8020 rentals often when you look into a buildings income … followup question Who can really afford this affordable housing The question pops up often whether its over planned … year by the Department of Housing and Urban Development HUD For example the AMI for New York City in 2016 is $90600 …

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