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 for households of different sizes within a certain geography The Department of …

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

… 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 …

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