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 over and over … options based on the size of the project For example large rental projects with 100 or more units receive a 35year tax … units For example 60 percent of the incomerestricted apartments built under the citys 421a program between 2017 …

By Celia Young |October 22, 2024 - 9:30AM
What does 'right of first refusal' mean when you are selling a NYC condo?

… A New York City condo board has limited ways to exercise control over sales in the building unlike a coop board which has much broader authority over deals But …

By Brick Underground |May 16, 2024 - 2:30PM