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

… area median income But what does that actually mean In short area median income or AMI defines the median incomes … Similarly the citys nowexpired 421a program provided city property tax breaks to developers in exchange for setting … affordable apartments  AMI serves as the boundaries of what youre allowed to do Murphy said But from there its up to …

By Celia Young |October 22, 2024 - 9:30AM
Understanding ‘succession rights,’ a complex issue for rent-regulated tenants

… When they vacate the apartmentwhether they pass away move into assisted living or migrate to milder climatesyou may want … tenant notified their landlord that they had moved out Tenants who failed to give their landlord a heads up could … lease says attorney Justin Brasch   He suggested sending a letter via certified mail to the landlordideally before your …

By Celia Young |January 9, 2024 - 11:00AM