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

… by the new  485x tax incentive program which has a range of affordability options based on the size of the project For … units For example 60 percent of the incomerestricted apartments built under the citys 421a program between 2017 … Still Murphy noted that even an expensive rentstabilized apartment will likely remain more affordable in the longterm …

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