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 … incomes with data from the US Census Bureaus 2022 American Community Survey The department also adjusts its AMI for … said But from there its up to policy makers to decide how much we are willing to invest to get to lower AMIs An …

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

… The vast majority of residential buildings in New York City own the land they sit on but a tiny percentage rent the land from someone else These are called landlease … a handful of landlease condos Thats because of the different ownership structures In a coop you only own a

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