80/20
… 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 … units For example 60 percent of the incomerestricted apartments built under the citys 421a program between 2017 …
… percent of the apartments in their buildings for lowincome renters Most of these buildings are part of the federal Low … be able to resolve it by reporting your income as required However 8020 buildings regardless of the tax program they … live in an affordable apartment in an 8020 building By how much can the landlord raise my rent when I renew my lease … …
… 2016 was a wild ride to put it gently And lets rip this BandAid now 2017 isnt … effect may be overblown I dont see anyone running for the doors he adds The city is doing a reasonable job of … years adds Maundrell I think theres a great opportunity to live in neighborhoods that have a lot of residential …
… 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 … for taking on lowincome renters or offer up stabilized apartments to wealthier renters able to pay much higher …
