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

… citys affordable housing lottery In New York City AMI is based on income data for the five boroughs plus Putnam … a range of affordability options based on the size of the project For example large rental projects with 100 or more … 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 … development market might remain sluggish over the next year condo investors at this level are reportedly struggling to … creates a real estate of urgency for buyers to get in while financing is cheap according to Realtorcom chief economist …

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

… Yorkers are clamoring for a spot in one of the citys rare affordable 8020 rentals often when you look into a buildings … Whos determining the income caps … Short answer the federal government The longer answer is that the basis for incomes … 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