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

… or AMI defines the median incomes for households of different sizes within a certain geography The Department of … which critics say artificially inflates AMI and as a result rentstabilized rents The AMI for a single person in NYC is … handful of programs that give tax breaks to developers who reserve units for lowerincome renters For example the states …

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

… been somewhat more volatile than usual After years of nonstop price hikes the last year finally saw a slowdown code … marketover the coming 12 months Photo kl801Flickr … For buyers and sellers its still a tale of two markets … Though … citys plans which are radically changing the character of neighborhoods and allowing for massive new development and …

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 … when most people think of affordable housing they think about helping people making less than $30000 or $20000 a … eligible for a $1621month studio Morse explains But I took home approximately $1550 every two weeks so that would have …

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