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

… If youve ever entered New York Citys 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 … that give tax breaks to developers who reserve units for lowerincome renters For example the states low income tax …

By Celia Young |October 22, 2024 - 9:30AM
Can I work from my 80/20 apartment—and claim it on my taxes?

… to work from ones 8020 apartment For example could an artist paint and sell their works from home or a yoga …

By Alanna Schubach |October 22, 2018 - 10:00AM
Here's how incomes—and rents—are REALLY calculated in NYC's affordable housing

… 8020 rentals often when you look into a buildings income requirements and rents theres an inevitable 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