What exactly is the 'AMI' that's used to determine affordable housing rents?

… York Citys affordable housing lottery youve probably read one key term over and over again area median income But what … or AMI defines the median incomes for households of different sizes within a certain geography The Department of Housing and Urban Development is the agency charged with calculating AMI …

By Celia Young |October 22, 2024 - 9:30AM
What are land-lease buildings? Are they common in NYC?

… buildings yet another quirk of NYC real estate that buyers need to be aware of  In a lot of ways a land lease is … unusual nature of the underlying lease anyone thinking of buying into a landlease building should consider the … at least a couple of recent sales have topped the weekly records Whether you see a discount ultimately comes …

By Evelyn Battaglia |December 4, 2023 - 12:30PM