Bricktionary

… affordable housing lottery youve probably read one key term over and over again area median income But what does that actually mean In short area median income or AMI defines the median incomes for households of different sizes within a certain geography The Department of …

… buildings in New York City own the land they sit on but a tiny percentage rent the land from someone else These are called landlease or groundlease buildings yet another quirk of NYC real … like any other lease It allows the building to occupy the property according to the specific terms of the lease says …