80/20
… If youve ever entered New York Citys affordable housing lottery youve probably read one key term over … area median income or AMI defines the median incomes for households of different sizes within a certain geography The …
… While many New Yorkers are clamoring for a spot in one of the citys rare affordable 8020 rentals often when you look into a buildings income … for taking on lowincome renters or offer up stabilized apartments to wealthier renters able to pay much higher …
… … While you need to be forthcoming with your landlord about your finances even … annual review submitting information on your current financial situation But even if you report new higher … in the 8020 program arent at risk of losing their lowrent apartments even if their income exceeds the AMI standard …
