Bricktionary

… key term over and over again area median income But what does that actually mean In short area median income or AMI … to marketrate apartments where landlords can raise rents as much as they want Ultimately he said elected officials can … said But from there its up to policy makers to decide how much we are willing to invest to get to lower AMIs An …

… exist  For example there are condo buildings on Roosevelt Island and in Battery Park that lease their sites from NYC … Instead of paying property taxes individual owners who live in these buildings are charged PILOT Payment in Lieu of … up through the offering plan and the lease agreement … How long do the land leases run  … This is the pivotal question …