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 … 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 …

By Celia Young |October 22, 2024 - 9:30AM
Here's how incomes—and rents—are REALLY calculated in NYC's affordable housing

… While many New Yorkers are clamoring for a spot in one of the citys … 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 …

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