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Area Median Income - HPD

nyc.gov · 604 words · saved by 1 readers

The New York City Department of Housing Preservation and Development (HPD) promotes the quality and affordability of the city's housing and the strength of its many neighborhoods. Housing is considered affordable if it costs about one-third or less of what the people living there earn. Income eligibility and rent for City-financed affordable housing projects are based on a measure called Area Median Income (AMI). The AMI for all cities across the country is defined each year by U.S. Department of Housing and Urban Development (HUD). The 2023 AMI for the New York City region is $127,100 for a three-person family (100% AMI). How do I use this chart? Source: U.S. Department of Housing and Urban Development How do I use this chart? Note: The above rents represent the maximum rent that can be charged by AMI; specific rent amounts may vary by program. Refer to 421-a, HOME/LIHTC, program term sheets, or unit advertisements for more specific information. To see where you and your family fit in

Area Median Income - HPD --> Housing Preservation & Development 311 Search all NYC.gov websites Menu Text-Size Search Search Search Affordable Housing Area Median Income Share Print About Affordable Housing The New York City Department of Housing Preservation and Development (HPD) promotes the quality and affordability of the city's housing and the strength of its many neighborhoods. Housing is considered affordable if it costs about one-third or less of what the people living there earn. Income eligibility and rent for City-financed affordable housing projects are based on a measure called Ar

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