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

… to developers who reserve units for lowerincome renters For example the states low income tax credit program requires … affordability options based on the size of the project For example large rental projects with 100 or more units receive … tax breaks in exchange for some still highpriced units For example 60 percent of the incomerestricted apartments built …

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