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

… to households who make up to 90 percent of AMI in exchange for investors receiving a reduction in state income … program provided city property tax breaks to developers in exchange for setting aside rentstabilized units for renters … that developers can often secure lucrative tax breaks in exchange for some still highpriced units For example 60 …

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