area median income

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affordable housing, Features, Policy, renting 101, stuff you should know

Area median income: What it means and how it’s calculated

By Cait Etherington, Tue, February 26, 2019

Photo via Flickr cc 

If you’ve ever applied for affordable housing in New York City, you’ll know that it is all about the area median income, or the AMI. If you make too little or too much, you won’t qualify at all for affordable housing. Even if you do qualify, however, your AMI will impact your likelihood of actually acquiring a unit since most buildings have more units available in some AMI bands than others. For most New Yorkers, this is one of the most confusing aspects of affordable housing, so we’ve broken it down, from how AMI is calculated and what the current NYC parameters are to the many controversies surrounding the guidelines.

Everything you need to know

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