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

… affordable housing lottery youve probably read one key term over and over again area median income But what does that actually mean In short area median income or AMI defines the median incomes … options based on the size of the project For example large rental projects with 100 or more units receive a 35year tax …

By Celia Young |October 22, 2024 - 9:30AM
What’s the average flip tax for a condo or co-op in New York City?

… Corcoran On Central Park West and Park and Fifth avenues it can range up to 35 percent At HDFC coops flip taxes can be … building Apell says So if youve been there for more than three years it might be 2 percent If youve been there less … these types of fees to offset increased building expenses … Who ponies up the cash … Who paysthe buyer or the selleris …

By Celia Young |April 1, 2024 - 2:30PM