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

… probably read one key term over and over again area median income But what does that actually mean In short area median … citys affordable housing lottery In New York City AMI is based on income data for the five boroughs plus Putnam … that give tax breaks to developers who reserve units for lowerincome renters For example the states low income tax …

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