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 … or AMI defines the median incomes for households of different sizes within a certain geography The Department of … units For example 60 percent of the incomerestricted apartments built under the citys 421a program between 2017 …

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

… home and claim home office deductions on your income taxeswith a few restrictions  our experts  say Under the citys … renter 20 percent of the units in their buildings These apartments are considered rentstabilized and so are subject … also teach from home provided they see no more than four students at a time or only one student if they are teaching …

By Alanna Schubach |October 22, 2018 - 10:00AM
2017 real estate forecast: The Trump effect, concessions-mania, Bronx hype, the battle for the BQX, and more

… … In what seems to be a neverending game of chicken between landlords and the citys beleaguered renters concessions were … Gary Malin Incomes are not rising fast enough and for the tenant population prices have just been escalating and … fears that might existadding shuttle buses expanding JMZ service adding more cars to the G train Theres been a spike …

By Virginia K. Smith |January 2, 2017 - 11:55AM
Here's how incomes—and rents—are REALLY calculated in NYC's affordable housing

… for a spot in one of the citys rare affordable 8020 rentals often when you look into a buildings income … Housing Development Corporation  HDC However that figure is based on data from the larger New York metro area which … for taking on lowincome renters or offer up stabilized apartments to wealthier renters able to pay much higher …

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