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

… probably read one key term over and over again area median income But what does that actually mean In short area median … or AMI defines the median incomes for households of different sizes within a certain geography The Department of … citys affordable housing lottery In New York City AMI is based on income data for the five boroughs plus Putnam …

By Celia Young |October 22, 2024 - 9:30AM
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 income … followup question Who can really afford this affordable housing The question pops up often whether its over planned …

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