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

… what does that actually mean In short area median income or AMI defines the median incomes for households of different … low income tax credit program requires that at least 40 percent of a developments units must be affordable to … percent of the units must be affordable at an average of 80 percent AMI These programs try to balance creating …

By Celia Young |October 22, 2024 - 9:30AM